Open Orphan (ORPH)

Sector:

Health Care

Index:

FTSE AIM All-Share

5.63p
   
  • Change Today:
    -0.25p
  • 52 Week High: 8.00
  • 52 Week Low: 2.55
  • Currency: UK Pounds
  • Shares Issued: 533.05m
  • Volume: 1,582,609
  • Market Cap: £29.98m
  • RiskGrade: 269

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Open Orphan agrees acquisition of hVIVO at 34% premium

By Alexander Bueso

Date: Monday 09 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Open Orphan, the rare and orphan drug services company, has agreed the takeover of hVIVO by means of an all-share reverse take-over at a 33.8% premium.
The proposed transaction, which requires the approval of both companies' shareholders, valued the latter at roughly 15.6p a share.

HVIVO shareholders would receive 2.47 new Open Orphan shares for each hVivo share that they held, giving them a 44.67% stake in the enlarged firm following the tie-up.

In a statement, Open Orpha argued that the two companies would gain from a merger through various channels, includinbg wider margins and higher service revenues, a broader in-house clinical service offering and from the commercialisation of hVIVO's database through the Open Orphan platform.

Any dividend or other distribution of value that might be proposed or become payable to hViVO ownwer on or after the date of the offer becoming unconditional, would give Open Orphan the right to deduct it from the amount payable for each HVIVO share.

As of 1515 GMT, shares of hVIVO were trading 3.23% lower at 11.25p.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Open Orphan Market Data

Currency UK Pounds
Share Price 5.63p
Change Today -0.25p
% Change -4.26 %
52 Week High 8.00
52 Week Low 2.55
Volume 1,582,609
Shares Issued 533.05m
Market Cap £29.98m
RiskGrade 269

Open Orphan Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
7.23% above the market average7.23% above the market average7.23% above the market average7.23% above the market average7.23% above the market average
2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average
Income Not Available
Growth
38.94% below the market average38.94% below the market average38.94% below the market average38.94% below the market average38.94% below the market average
48.57% below the sector average48.57% below the sector average48.57% below the sector average48.57% below the sector average48.57% below the sector average

Open Orphan Dividends

No dividends found

Trades for 26-Feb-2020

Time Volume / Share Price
12:38 17,679 @ 5.60p
11:23 108,001 @ 5.55p
11:13 5,000 @ 5.60p
10:52 25,000 @ 5.51p
10:45 110,000 @ 5.55p

Open Orphan Key Personnel

CEO Trevor Phillips
COO Tim Sharpington
CFO Leo Toole

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