Full Press Release Details
of Warrants and Issue of Equity and Total Voting Rights
York, 24 July 2020 - Tiziana Life Sciences plc (Nasdaq: TLSA / AIM: TILS) ("Tiziana" or the "Company"),
a biotechnology company focused on innovative therapeutics for oncology, inflammation and infectious diseases, today announces
that it has allotted and issued 88,580 ordinary shares of 3 pence each ("New Ordinary Shares") credited as
fully paid in respect of the exercise of 88,580 warrants at a price of 93 pence share, yielding 82,379 in
cash proceeds for the Company.
has been made for the 88,580 New Ordinary Shares to be admitted to trading on AIM ("Admission"), and dealings are expected
to commence on or around 30 July 2020. The New Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
with DTR 5.6.1, the Company notifies that as at the date of this announcement, it has a single class of shares in issue being Ordinary
Shares and that following the issue of the New Ordinary Shares to be issued in connection with the exercise of the warrants, the
total number of Ordinary Shares in issue will be 166,497,593. There are no Ordinary Shares held in treasury. Each Ordinary Share
entitles the holder to a single vote at general meetings of the Company.
of 166,497,593 Ordinary Shares may be used by shareholders (and others with notification obligations) as the denominator for the
calculations by which they will determine whether they are required to notify their interest in, or a change to their interest
in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Life Sciences plc is a dual listed (NASDAQ: TLSA & UK AIMS: TILS) biotechnology company that focuses
on the discovery and development of novel molecules to treat human diseases in oncology, inflammation and infectious diseases.
In addition to Milciclib, the Company will be shortly initiating phase 2 studies with orally administered Foralumab for Crohn's
Disease and nasally administered Foralumab for progressive multiple sclerosis. Foralumab is the only fully human anti-CD3 monoclonal
antibody (mAb) in clinical development in the world. This phase II compound has potential application in a wide range of autoimmune
and inflammatory diseases, such as Crohn's Disease, multiple sclerosis, type-1 diabetes (T1D), inflammatory bowel disease (IBD),
psoriasis and rheumatoid arthritis, where modulation of a T-cell response is desirable. The company is accelerating development
of anti-Interleukin 6 receptor (IL6R) mAb, a fully human monoclonal antibody for treatment of IL6-induced inflammation, especially
for treatment of COVID-19 patients.
announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged the release
of this information is Keeren Shah, Finance Director of Tiziana.
Tiziana Life Sciences
Gabriele Cerrone, Chairman
and founder +44 (0)20 7495 2379
Cairn Financial Advisers
LLP (Nominated adviser)
Liam Murray / Jo Turner +44
Optiva Securities Limited
Robert Emmet +44 (0)20
RedChip Companies Inc.