Phimedix PLC Update: Buyback, Disposal and Share Consolidation (6734F)

TIDMPHM

RNS Number : 6734F

Phimedix PLC

10 March 2020

For immediate release

THE INFORMATION COMMUNICATED IN THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU NO. 596/2014 ("MAR").

Phimedix Plc

("Phimedix" or "the Company")

Update: Buyback, Disposal and Share Consolidation

Further to the announcements on 9 March 2020, the completion of the Share Buyback and the Disposal is now expected tomorrow, at which point a further announcement will be made.

As a result, the Share Consolidation is now expected to take place at 6.00 p.m. tomorrow (11 March 2020), with admission of the 34,400,481 New Ordinary Shares of GBP0.001 to trading on AIM expected to occur at 8.00 a.m. on 12 March 2020.

Definitions

Defined terms used in this announcement have the meanings set out in the announcement dated 14 February 2020, in relation to the disposal of Masterpiece Enterprises Limited, which is available on the Company's website ( www.phimedix.com ).

ENDS

For further information please contact:

 
 Phimedix Plc 
  Ajay Rajpal, ACA, Non-Executive Director 
  www.phimedix.com                                     07932 999999 
 SPARK Advisory Partners Limited (Nominated 
  Adviser) 
  Mark Brady 
  Neil Baldwin 
  www.sparkadvisorypartners.com                +44 (0) 203 368 3551 
 SI Capital Ltd (Broker) 
  Nick Emerson 
  www.sicapital.co.uk                            +44 (0)1483 413500

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END

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March 10, 2020 12:56 ET (16:56 GMT)

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