IDP Innovaderma Plc

TIDMIDP

RNS Number : 1814M

InnovaDerma PLC

26 July 2017

InnovaDerma PLC

("InnovaDerma" or the "Company")

Allotment of Shares

Further to the announcements made on 2 and 8 May 2017, InnovaDerma (LSE: IDP), a UK developer of life sciences, beauty and personal care products today announces that it has allotted the final consideration of shares to the sellers of Ergon Medical Limited (the "Allottees").

45,249 Ordinary Shares (the "Final Consideration Shares") were allotted as the final consideration of shares to the Allottees following the finalisation of the completion accounts and were allotted at a price of GBP1.6575 per share. These Final Consideration Shares are in addition to the Ordinary Shares previously issued.

6,930 of the Final Consideration Shares have been issued to the Allottees in certificated form and 38,319 of the Final Consideration Shares have been admitted to CREST. The new Ordinary Shares will rank equally in all respects with the Company's existing Ordinary Shares and will be admitted to trading.

Following the issue of the Final Consideration Shares, the total number of Ordinary Shares in issue is 12,614,804. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

Further enquiries

 
 Innovaderma                                  +61 (0)3 9111 
  Haris Chaudhry/Joe Bayer                             0071 
 finnCap Ltd                                +44 (0) 207 220 
  Geoff Nash/Giles Rolls/Kate Bannatyne                0500 
  Tim Redfern/Alice Lane - Corporate        www.finncap.com 
  Broking 
 Cardew Group 
  Shan Shan Willenbrock 
  David Roach                               + 44 (0)20 7930 
  Joe McGregor                                         0777 
 

About InnovaDerma

InnovaDerma PLC (LSE: IDP) is an emerging leader specializing in the research, manufacture and marketing of clinically proven products in life sciences, beauty, and personal care products. InnovaDerma has presence in the UK, US, Australia, New Zealand, Philippines, South Africa, Hong Kong, and South Korea.

www.innovaderma.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOELLFFVDIIRFID

(END) Dow Jones Newswires

July 26, 2017 09:22 ET (13:22 GMT)

Innovaderma (LSE:IDP)
Historical Stock Chart
From Apr 2024 to May 2024

Innovaderma (LSE:IDP)
Historical Stock Chart
From May 2023 to May 2024