Quantum Pharma plans raising £15M by placing shares

Quantum Pharma has announced conditional placing 44M shares at 34 pence per share to raise up to £15M ($18,5M, €16,8M), with existing and new institutional investors.

The company on Thursday said the Placing Shares are being offered by an accelerated bookbuild.  Zeus Capital and N+1 Singer will be acting as joint bookrunners in connection with the Bookbuild, Quantum Pharma has said.

The company expects to see the finalisation of the proposed Placing starting immediately, and a further announcement will be made to confirm its completion in due course.

“As stated in the interim results announcement of 4 October 2016, the Board considers that a lower level of net debt would provide greater operational freedom to grow the core specials business and create further value in the niche pharmaceuticals pipeline, with a focus on unlicensed to licensed development,” reads the Quantum Pharma’s press release.


Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s