Port Erin Biopharma Investments Ltd Redemption of Interest in Magna Biopharma Fund (1834D)
April 25 2017 - 2:00AM
UK Regulatory
TIDMPEBI
RNS Number : 1834D
Port Erin Biopharma Investments Ltd
25 April 2017
25 April 2017
Port Erin Biopharma Investments Limited
("Port Erin" or "the Company")
Redemption of holding in the Magna Biopharma Income Fund
The Company announces that it will redeem for cash its entire
holding of 87,125.729 units in the Magna Biopharma Income Fund
("MBIF"). Port Erin's holding in the MBIF was valued at
GBP1,038,704 at 31 March 2017. This follows the decision by the
Magna Umbrella Fund plc to close the MBIF. As a consequence, Port
Erin will receive approximately GBP960,000 in cash which the
Company intends to deploy in accordance with its stated policy to
invest in the biopharma sector.
Enquiries
Port Erin Biopharma Northland Capital Partners Peterhouse Capital
Investments Limited Limited Limited
The Company Nomad and Broker Broker
Denham Eke Matthew Johnson / David Lucy Williams
(+44) (0) 1624 639396 Hignell (+44) (0) 207
(+44) (0) 203 861 6625 469 0936
This information is provided by RNS
The company news service from the London Stock Exchange
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