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BRIEF-Pharming Group announces cashless warrant exercises and conversions of its ordinary bonds into shares
August 10, 2017 / 5:24 AM / 4 months ago

BRIEF-Pharming Group announces cashless warrant exercises and conversions of its ordinary bonds into shares

Aug 10 (Reuters) - PHARMING GROUP NV:

* ANNOUNCES CASHLESS WARRANT EXERCISES AND CONVERSIONS OF ITS ORDINARY BONDS INTO SHARES

* AS RESULT OF THESE CONVERSIONS, TOTAL AMOUNT OUTSTANDING OF ORDINARY BONDS HAS BEEN REDUCED FROM EUR 11.8 MILLION TO EUR 11.6 MILLION

* 15,587,579 SHARES RECOVERED THROUGH CASHLESS EXERCISE REPRESENT 3% OF ISSUED SHARE CAPITAL, AND THEREFORE 3% LOWER DILUTION OF SHAREHOLDERS IN FUTURE

* REMAINING SHARES REPRESENTED BY OUTSTANDING WARRANTS NOW REDUCED TO 50,470,886, WHICH REPRESENTS LESS THAN 10% OF OUTSTANDING SHARES

* NUMBER OF WARRANTS EXERCISABLE HAS BEEN REDUCED BY 27,042,254 IN TOTAL DUE TO CASHLESS EXERCISES

* NET RESULT IS A REDUCTION OF FULLY DILUTED SHARE CAPITAL Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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