REG - Nuformix PLC - £168,750 Placing

NuformixAnnouncement

30/01/2025 07:00

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RNS Number : 1981V  Nuformix PLC  30 January 2025

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30 January 2025

 

Nuformix plc

 

("Nuformix" or the "Company" or the "Group")

 

£168,750 Placing

 

Nuformix plc (LSE:NFX), a pharmaceutical development company targeting unmet
medical needs in fibrosis and oncology via drug repurposing, announces a
placing (the "Placing") to raise gross proceeds of £168,750 through the issue
of 250,000,000 new ordinary shares of 0.05 pence each in the capital of the
Company ("New Ordinary Shares") at a price of 0.0675 pence per share (the
"Issue Price").  The New Ordinary Shares equate to approximately 17.6% of the
Company's currently issued share capital.

 

The net proceeds of the Placing will be used by the Company primarily to
progress ongoing partnering discussions for its NXP002 programme, an inhaled
treatment for idiopathic pulmonary fibrosis (IPF) and progressive pulmonary
fibrosis (PPF), as well as to provide funding for general corporate purposes.

 

CMC Markets UK Plc, trading as CMC CapX ("CMC Markets"), acted as the
Company's sole placing agent in respect of the Placing.

 

Admission and Total Voting Rights

 

The Placing has been conducted utilising the Directors existing authorities to
allot shares.  The New Ordinary Shares will rank pari passu in all respects
with the existing ordinary shares.  The Placing is conditional, inter alia,
on there being no breach of the obligations under the Placing Agreement
entered into between CMC Markets and the Company prior to Admission, and
admission of the New Ordinary Shares to trading on the Main Market of the
London Stock Exchange ("Admission") becoming effective.

 

Application will be made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on the Main Market of the London Stock
Exchange and the Equity Shares (Transition) category the FCA Official List.
It is expected that Admission will become effective and that dealings in the
New Ordinary Shares on the Main Market of the London Stock Exchange will
commence on or around 5 February 2025.

 

Following Admission of the New Ordinary Shares, the total number of ordinary
shares in issue will be 1,669,309,368, each with one voting right.  The
Company does not hold any rights in treasury.  The total voting rights figure
is therefore 1,669,309,368 and can be used by shareholders as the denominator
for the calculations by which they will determine whether they are required to
notify their interest in, or a change of their interest in, the Company under
the Disclosure Guidance and Transparency Rules of the Financial Conduct
Authority.

 

Enquiries:

 

 Nuformix plc
 Dr Dan Gooding, Executive Director  Via IFC Advisory

 CMC Markets
 Douglas Crippen                     +44 (0) 20 3003 8632

 IFC Advisory Limited
 Tim Metcalfe                        +44 (0) 20 3934 6630

 Zach Cohen                          nuformix@investor-focus.co.uk

 

About Nuformix

 

Nuformix is a pharmaceutical development company targeting unmet medical needs
in fibrosis and oncology via drug repurposing. The Company aims to use its
expertise in discovering, developing and patenting novel drug forms, with
improved physical properties, to develop new products in new indications that
are, importantly, differentiated from the original (by way of dosage, delivery
route or presentation), thus creating new and attractive commercial
opportunities. Nuformix has a pipeline of preclinical assets with potential
for significant value and early licensing opportunities.

 

 

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