Motif Bio PLC Exercise of Warrants and Issue of Equity (9382D)

TIDMMTFB

RNS Number : 9382D

Motif Bio PLC

02 May 2017

May 2, 2017

Exercise of Warrants

Motif Bio plc (AIM: MTFB) the clinical stage biopharmaceutical company specialising in developing novel antibiotics announces that it has received notification from warrant holders to exercise warrants over 16,344 ADSs representing 326,880 ordinary shares of 1p each ("Ordinary Shares") in the Company at an exercise price of $8.03 per ADS for total consideration of $131,242.32.

Application has been made for the 326,880 new Ordinary Shares to be admitted to trading on AIM ("Admission"), which is expected to occur at 8.00 a.m. on 5 May 2017. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Following Admission, and for the purposes of the Disclosure Guidance and Transparency Rules, the Company's total issued share capital will consist of 196,212,108 Ordinary Shares. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the issued share capital of the Company.

For further information please contact:

 
 Motif Bio plc                                                info@motifbio.com 
 Graham Lumsden (Chief 
  Executive Officer) 
 Robert Dickey IV (Chief 
  Financial Officer) 
 
 Peel Hunt LLP (NOMAD 
  & BROKER)                                                + 44 (0)20 7418 8900 
 Dr Christopher Golden 
 Oliver Jackson 
 
 Northland Capital Partners 
  Limited (BROKER)                                          +44 (0)203 861 6625 
 Patrick Claridge/ David 
  Hignell 
 John Howes/ Rob Rees 
  (Broking) 
 
 Walbrook PR Ltd.               +44 (0) 20 7933 8780 or motifbio@walbrookpr.com 
  (FINANCIAL PR & IR) 
 Paul McManus                                          Mob: +44 (0)7980 541 893 
 Mike Wort                                             Mob: +44 (0)7900 608 002 
 
 MC Services AG (EUROPEAN 
  IR)                                                        +49 (0)89 210 2280 
 Raimund Gabriel

This information is provided by RNS

The company news service from the London Stock Exchange

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May 02, 2017 10:10 ET (14:10 GMT)

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