Pharming shares fall on share issue news
Monday 15 March 2010
Shares in biotechnology company Pharming fell as much as 20% in Amsterdam on Monday after the company said it wanted to expand its share capital.
Pharming plans to hold a shareholders meeting to ask approval to 'raise the authorised share capital by 200 million shares to 400 million shares and to lower the nominal value of the shares from €0.50 to €0.04'.
The company said in a statement it wanted to generate more capital to increase flexibility in the light of expected legal and commercial changes in Europe and North America.
© DutchNews.nl
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Monday: Between 2º and 5º with light snow or sleet. Around zero at night. Similar Tuesday
