BioPharma Credit PLC COMPLETION OF SHARE BUYBACK PROGRAMME (1473T)
July 16 2020 - 01:05AM
UK Regulatory
TIDMBPCR
RNS Number : 1473T
BioPharma Credit PLC
16 July 2020
16 JULY 2020
BIOPHARMA CREDIT PLC
(THE "COMPANY")
COMPLETION OF SHARE BUYBACK PROGRAMME
Further to its announcement of 22 June 2020, BioPharma Credit
PLC (LSE: BPCR), the specialist life sciences debt investor,
announces that its shares have traded at an average discount of 1%
or less to the Net Asset Value per Ordinary Share over the most
recent 2 week rolling period. Pursuant to the terms of the
Prospectus, the Company will henceforth cease to repurchase its
shares in the market as part of its discount control mechanism.
Since the activation of the discount control mechanism, as part
of its Prospectus commitment the Company has repurchased a total of
59,694 shares representing 0.004% of its issued share capital as at
22 June.
Enquiries
BioPharma Credit plc
via Link Company Matters Limited
Company Secretary
+44 (0)1392 477 509
J.P. Morgan Cazenove
+44 (0)20 7742 4000
William Simmonds
Oliver Kenyon
Buchanan
+44 (0)20 7466 5000 / biopharmacredit@buchanan.uk.com
David Rydell
Mark Court
Jamie Hooper
Henry Wilson
Notes to Editors
BioPharma Credit PLC is London's only listed specialist investor
in debt from the life sciences industry and joined the LSE on 27
March 2017. The Company seeks to provide long-term shareholder
returns, principally in the form of sustainable income
distributions from exposure to the life sciences industry. The
Company seeks to achieve this objective primarily through
investments in debt assets secured by royalties or other cash flows
derived from the sales of approved life sciences products.
LEI: 213800AV55PYXAS7SY24
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END
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