REG - Oxford Cannabinoid - Completion of Capital Reorganisation

Oxford Cannabinoid Technologies HoldingsAnnouncement

16/02/2024 07:00

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RNS Number : 3503D  Oxford Cannabinoid Tech.Holdings  16 February 2024

 

Oxford Cannabinoid Technologies Holdings plc

("OCTP" or the "Company")

 

Completion of Capital Reorganisation

 

Oxford Cannabinoid Technologies Holdings plc (LSE:OCTP), the biotech company
developing prescription cannabinoid medicines, announces that, as anticipated
in its announcement of 14 February 2024, the Company's proposed Capital
Reorganisation is now complete.

 

As at 16 February 2024, the Company's issued ordinary share capital consists
of 960,415,644 ordinary shares of 0.1 pence each ("Ordinary Shares") and
therefore the total number of voting rights in the Company, attributable to
such Ordinary Shares, is 960,415,644. This figure should be used by
shareholders as the denominator for calculations by which they can determine
if they are required to notify their interest in, or a change to their
interest in, the Company under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.

 

The Directors of the Company take responsibility for this announcement.

 

Enquiries:

 

 Oxford Cannabinoid Technologies Holdings plc  +44 (0)20 3034 2820
 Clarissa Sowemimo-Coker (CEO)                 clarissa@oxcantech.com

 Cairn Financial Advisers LLP
 Emily Staples                                 +44 (0)20 7213 0897
 Jo Turner                                     +44 (0) 20 7213 0885

 Axis Capital Markets Limited
 Richard Hutchison                             +44 (0)20 3026 0320

 Acuitas Communications                        020 3745 0293 / 07799 767676
 Simon Nayyar                                  simon.nayyar@acuitascomms.com
 Arthur Dingemans                              arthur.dingemans@acuitascomms.com

 

About Oxford Cannabinoid Technologies Holdings Plc:

Oxford Cannabinoid Technologies Holdings plc ("OCTP") is the holding company
of Oxford Cannabinoid Technologies Ltd (together the "Group"), a
pharmaceutical Group developing prescription cannabinoid medicines initially
targeting the US$ multi-billion global pain market.

 

OCTP currently has a portfolio of four drug development programmes. Its lead
compound, OCT461201, will initially target neuropathic and visceral pain
(including irritable bowel syndrome ("IBS") and chemotherapy induced
peripheral neuropathy ("CIPN"). The global market for CIPN alone is currently
forecast to reach US$1.17bn by 2028.

 

OCTP's drug development pipeline comprises both natural and synthetic
compounds, and includes compounds targeting trigeminal neuralgia, a severe
type of face pain, and cannabinoid derivatives targeting pain and potentially
other therapeutic areas. Having established an exclusive licence agreement
with Canopy Growth Corporation for their entire pharmaceutical cannabinoid
derivative library, OCTP now has a portfolio of almost five hundred
derivatives and intellectual property rights including fourteen patent
families and associated research data.

 

OCTP has a clearly defined path to commercialisation, revenues and growth. The
Group is developing drug candidates through clinical trials to gain regulatory
approval (FDA/MHRA/EMA) that will enable medical professionals to prescribe
them with confidence. OCTP's portfolio aims to balance risk, value and time to
market, whilst ensuring market exclusivity around all its key activities.

 

 

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