InnovaDerma PLC Allotment of Shares (1031C)

TIDMIDP

RNS Number : 1031C

InnovaDerma PLC

11 April 2017

InnovaDerma PLC

("InnovaDerma" or the "Company")

Allotment of Shares

InnovaDerma (LSE: IDP), a UK developer of life sciences, beauty and personal care products today announces that it has allotted McCarthy Denning Limited (the "Allottee") 29,293 Ordinary Shares of EUR0.10 each ("Ordinary Shares"). The Allottee paid GBP35,152.60 for the Ordinary Shares (which equates to GBP1.20 per share), such amount being the amount owed to the Allottee by the Company for the provision of legal services.

The Ordinary Shares have been issued to the Allottee in certificated form. The new ordinary shares will rank equally in all respects with the Company's existing ordinary shares.

Following the issue of the new ordinary shares, the total number of ordinary shares in issue is 11,913,065. 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 
  Haris Chaudhry/Joe Bayer      +61 (0)3 9111 0071 
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 Sole broker 
  Hybridan LLP 
  Claire Noyce                  +44 (0)203 764 2341 
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 Cardew Group 
  Shan Shan Willenbrock 
  David Roach 
  Emma Ruttle                   + 44 (0)20 7930 0777 
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About InnovaDerma:

InnovaDerma PLC (LSE: IDP) specializes in the research, manufacture and marketing of clinically proven products in hair loss, anti-ageing and beauty sectors. 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

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April 11, 2017 02:00 ET (06:00 GMT)

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