REG - Celadon Pharma. PLC - Appointment of Tessera Investment Management

Celadon PharmaceuticalsAnnouncement

28/07/2022 07:16

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RNS Number : 9631T  Celadon Pharmaceuticals PLC  28 July 2022

Celadon Pharmaceuticals Plc

("Celadon", the "Company" or the "Group")

 

 
Appointment of Tessera Investment Management

 

London, UK, 28 July 2022: Celadon Pharmaceuticals Plc (AIM: CEL), a UK-based
pharmaceutical company focused on the development and supply of natural,
cannabis-based medicines, confirms that it has reappointed Tessera Investment
Management Limited ("Tessera") as a strategic adviser to the Group (the
"Appointment").

 

Tessera's original strategic advisory mandate with the Company commenced on 15
January 2021 and concluded on the successful listing of Celadon on 28 March
2022.  Under the terms of the new strategic advisory agreement, Tessera shall
continue to provide general corporate and strategic advice to the Company on
the basis of four days of support per month for a fixed monthly retainer of
£5,000 (plus VAT).  Tony Morris, a former Director of the Company, is a
director and shareholder of Tessera, and Katie Long, the Company's Chief
Financial Officer, is also a director and shareholder of Tessera.

 

The Appointment constitutes a related party transaction pursuant to Rule 13 of
the AIM Rules for Companies.

The Company's Directors (other than Katie Long) consider, having consulted
with Celadon's Nominated Adviser, Canaccord Genuity Limited, that the terms of
the Appointment are fair and reasonable insofar as the shareholders of the
Company are concerned.

 

Enquiries:

 

 Celadon Pharmaceuticals Plc
 James Short                                               Via Powerscourt

 Arthur Wakeley

 Canaccord Genuity Limited (Nominated Adviser and Broker)
 Andrew Potts / Patrick Dolaghan                           +44 (0) 20 7523 8000

 Powerscourt Group
 Sarah MacLeod / Nick Johnson / Sam Austrums /             +44 (0) 20 7250 1446

 Ibrahim Khalil                                            celadon@powerscourt-group.com (mailto:celadon@powerscourt-group.com)

 

 

About Celadon Pharmaceuticals Plc

Celadon Pharmaceuticals Plc is a UK based pharmaceutical company focused on
the research, cultivation, manufacturing, and supply of natural cannabis-based
medicines. Its primary focus is on improving quality of life for chronic pain
sufferers, as well as exploring the potential of cannabis-based medicines for
other conditions such as autism. Its 100,000 sq ft UK facility comprises a
laboratory designed to meet GMP standards, and capacity for a large indoor
hydroponic growing facility that has received a Home Office Licence for the
legal cultivation of high-THC medicinal cannabis for the purpose of producing
test batches of cannabis oil to support its application to the MHRA. The
Company's subsidiary, LVL, owns an MHRA conditionally approved cannabis trial
using cannabis based medicinal products to treat chronic pain in the UK.

 

For further information please visit our website www.celadonpharma.com
(http://www.celadonpharma.com)

 

 

 

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