Full details on the REDX Pharma Plc corporate action, including instructions on how to participate, the options available to you, and any deadline applicable.
REDX Pharma Plc

REDX Pharma Plc – Open Offer

Corporate action reference: 201700209

Please note we must be in receipt of your instruction by 17:00 on 20 February 2017.

This corporate action is an Open Offer.

An Open offer entitles shareholders, who hold on the ex date, the opportunity to purchase more Ordinary shares in the company at a price normally discounted to the market share price, in proportion to their existing holding.

Entitlements from an Open offer are not tradable and therefore an Open offer is only available to existing shareholders.

Within this corporate action you have a series of options of which one is a default. If you wish to select the default you do not need to reply.

If you would like further information about the terminology used in this notification, please visit our Ask a Question site


Record Date: 6 February 2017 (Close of Business)

Ex Date: 9 February 2017 (07:00)

1 new share for every 12 shares held

Subscription price per new share: GBP 0.375

Holders can apply for new ordinary shares in excess of their pro rata entitlements, but such excess applications may be subject to scaling back.

As you hold your shares with a nominee you may have your election scaled back by a greater or lesser percentage than you would if you held your shares in your own name.


Option 1: Securities Option (Basic Entitlement)

Option 2: Oversubscribe

To reply to this event, please use the below link stating which option you would like to take.

Option 3: No Action (Default)



Please ensure there are sufficient funds available by 17:00 on 20 February 2017. The amount due will be taken from your account within 10 business days of this date. Please be aware that if funds are not available, your CMS account will become overdrawn for a couple of days until, if applicable, your Direct Debit Instruction is cleared and debit interest may be charged.

We expect to receive the new shares on or around 28 February 2017.  We will update your account within five business days of receiving them.

Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.

By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.

Please note that this page does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.

If you are an ISA or SIPP client your options may differ.

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