latest news releases from the newsroom
GeneMedix plc -- Placing of New Shares for Cash
SUFFOLK, U.K., June 13, 2003 (PRIMEZONE) -- GeneMedix plc ("GeneMedix" or "the Company") (LSE:GMX), the U.K. multi-sourced biopharmaceutical company with operations in Europe and Asia and with joint London and Singapore Stock Exchange listings, announces that, in response to investor demand it is raising approximately 1.5 million Pounds before expenses through a placing for cash of 8,983,003 new ordinary shares. The new shares, which represent approximately 3 per cent. of GeneMedix's issued share capital prior to the placing, have been placed with a number of investors in Singapore and Malaysia at a placing price of 16.65 pence per share. The placing price represents a discount of approximately 10 per cent. to the closing middle market price on London Stock Exchange on 11 June 2003.
GeneMedix plc: Letter of Intent signed with Penang Development
SUFFOLK, U.K., June 13, 2003 (PRIMEZONE) -- Letter of Intent signed with Penang Development Corporation to establish Biotechnology Company in Penang, Malaysia for the development, manufacture and commercialisation of human insulin. GeneMedix plc (LSE:GMX) and Penang Development Corporation ("PDC") today announce the signing of a letter of intent ("LoI") under which GMX and PDC will work together to set up a Company in Penang, Malaysia for the development, manufacture and commercialisation of human insulin.
Cordiant Communications Group PLC
Cordiant Communications Group plc Announces a Posting Today Regarding Shareholder Approval
LONDON, June 13, 2003 (PRIMEZONE) -- Cordiant Communications Group plc ("Cordiant") (NYSE:CDA) (LSE:CRI) announces that it is posting later today a circular to its shareholders seeking their approval for the disposals of 70 per cent. of The Communications Group, comprising its principal Australian businesses, and its 77.3 per cent. interest in Scholz & Friends. The details of these disposals were announced on 29 May 2003 and 9 June 2003, respectively. The extraordinary general meeting is to be held at 11.00 am on Saturday 28 June 2003. It is being held on this date because of the requirement that the disposal of The Communications Group is completed in Australia no later than 30 June 2003, the long stop date for completion.
New Appointments at SKF
GOTEBORG, Sweden, June 13, 2003 (PRIMEZONE) -- Christer Gyberg, Executive Vice President AB SKF (Nasdaq:SKFR) and President Industrial Division, will take up the responsibility as President of the Group's German subsidiary SKF GmbH. Mr. Gyberg will at the same time assume the responsibility of a new unit, Group Supply Chain and Purchasing, that will have the full responsibility for the SKF Group's purchasing, supply chain and IT governance. Mr. Gyberg will be based in Schweinfurt.
NCC Serves Notice to 195 Employees in Stockholm
SOLNA, Sweden, June 13, 2003 (PRIMEZONE) -- Due to the downturn in the Stockholm office and housing market, NCC Construction Sweden is serving employment-termination notices to 150 craftsmen and 45 salaried employees.