Issue of Equity
February 08 2010 - 5:10AM
UK Regulatory
TIDMMEDG
RNS Number : 8121G
Medgenics Inc
08 February 2010
Medgenics, Inc.
('Medgenics' or the 'Company')
Issue of Equity
8 February 2010
The Company announces that, pursuant to an agreement between the Company and
Equity Source Partners, LLC ("ESP") dated 1 May 2009, on 19 January 2010 a Board
resolution was passed to issue and allot 1,275,000 common US $0.0001 shares in
the Company ("Common Shares") conditional upon admission to trading on AIM. The
Common Shares were issued as compensation for services rendered to the Company
by ESP. Application has now been made to the London Stock Exchange for the new
Common Shares to be admitted to trading on AIM. Dealings are expected to
commence at 8.00 a.m. on 9 February 2010.
Following the admission to trading of the new Common Shares, the Company's total
issued share capital will be 123,449,027* Common Shares and the percentage of
AIM Securities not in public hands will be 28.9%*.
Note
* Excluding any Common Shares issued pursuant to the block admission between 4
December 2009 and the date of this announcement and the 192,591 new Common
Shares which certain directors of the Company irrevocably agreed to subscribe
for on 5 February 2010.
For further information, contact:
Medgenics, Inc. +972 4 902 8900
Dr. Andrew L. Pearlman
De Facto Communications +44 20 7861 3838
Mike Wort m.wort@defacto.com
Anna Dunphy a.dunphy@defacto.com
Grayling (Investor Relations - US) +1 646 284 9472
Leslie Wolf-Creutzfeldt lwolf-creutzfeldt@hfgcg.com
Blomfield Corporate Finance (Nomad) +44 207 444 0800
James Pinner
Alan MacKenzie
SVS Securities plc (Broker) +44 207 638 5600
Peter Manfield
About Medgenics:
Medgenics is a clinical-stage biopharmaceutical company developing its unique
tissue-based Biopump platform technology to provide sustained-action protein
therapy for the treatment of a range of chronic diseases. The Company currently
has three products in development based on this technology and addressing the
indications of:
- Anaemia - using EPODURE, a Biopump producing erythropoietin (EPO)
- Hepatitis-C - using INFRADURE - a Biopump producing interferon-alpha (IFN-a)
- Haemophilia - using a Biopump to produce clotting Factor VIII
The Company's Phase I/II clinical trial using EPODURE to treat anaemia in
patients with chronic kidney disease, has demonstrated proof of concept of the
Biopump. Designed to produce and deliver a therapeutic dose of EPO steadily for
six months or more, EPODURE Biopumps have already provided effectiveanaemia
treatment in most of these patients for 6-12 months, even at the low
administered dose.
Medgenics intends to develop its innovative products and bring them to market
via multiple strategic partnerships with major pharmaceutical and/or medical
device companies. In addition to treatments for Anemia, Hepatitis-C, Hemophilia,
Medgenics plans to develop and/or out-license a pipeline of future Biopump
products targeting the large and rapidly growing global protein therapy market,
which is forecast to reach US $87 billion by 2010. Other potential applications
of Biopumps producing various proteins include multiple sclerosis, arthritis,
pediatric growth hormone deficiency, obesity, and diabetes
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEUGUBAPUPUUBR
Medgenics(Regs) (LSE:MEDG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Medgenics(Regs) (LSE:MEDG)
Historical Stock Chart
From Jul 2023 to Jul 2024