TIDMAMP

RNS Number : 3401T

Amphion Innovations PLC

19 March 2019

AMPHION INNOVATIONS PLC

("Amphion" or "the Company")

Sale of Partner Company Shares

London and New York, 19 March 2019 - Amphion Innovations plc (AIM: AMP), the developer of medical, life science, and technology businesses, announces that 3,250,000 shares in Partner Company, Motif Bio have been sold ("Sale") in partial repayment of the loan facility (the "Facility") originally announced on 5 June 2014 and most recently amended as announced on 11 March 2019 ("Amendment Agreement"). Following this Sale, Amphion holds 20,179,611 ordinary shares of Motif Bio, representing 6.78% of the issued share capital.

The Sale generated proceeds of US $240,656. In accordance with the terms of the Amendment Agreement, two thirds of the sale proceeds will be used to reduce the loan balance under the Facility and one third of the remaining proceeds will be returned to the Company to be used for working capital. Further terms of the Amendment Agreement were included in the announcement on 11 March 2019. The loan balance plus accrued interest will become due for repayment on 30 September 2019.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

For further information please contact:

 
 Amphion Innovations                                            Tel: +1 (212) 210 6224 
 Charlie Morgan 
 
 Panmure Gordon Limited (Nominated Adviser                              Tel: +44 (0)20 
  and Corporate Broker)                                                      7886 2500 
 Emma Earl/ Freddy Crossley (Corporate 
  Finance) 
 Charles Leigh-Pemberton (Corporate 
  Broking) 
 
 SP Angel Corporate Finance LLP (Joint Corporate                       Tel: +44 (0) 20 
  Broker)                                                                    3470 0470 
 David Hignell (Corporate Finance) 
 Vadim Alexandre (Corporate Broking) 
 
 Walbrook PR                        Tel: +44 (0)20 7933 8780 or amphion@walbrookpr.com 
 Anna Dunphy / Paul 
  McManus

About Amphion Innovations plc

Amphion Innovations is a developer of medical, life science and technology businesses.

We use our extensive experience in company building to invest and build shareholder value in high growth companies in the US and UK. Amphion has significant shareholding in 7 Partner Companies developing proven technologies targeting substantial commercial marketplaces. The Amphion model has been refined to optimise the commercialisation of patents and other intellectual property within the Partner Companies. The Partner Companies collectively own or control over 200 separately identified pieces of intellectual property, a number which grows rapidly each year.

On the web: www.amphionplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DISJLMITMBJBBML

(END) Dow Jones Newswires

March 19, 2019 10:33 ET (14:33 GMT)

Amphion Innovations (LSE:AMP)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025 Click aqui para mais gráficos Amphion Innovations.
Amphion Innovations (LSE:AMP)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025 Click aqui para mais gráficos Amphion Innovations.