StockMarketWire.com - Circassia Pharmaceuticals' open offer of new ordinary shares had a take-up of 62.67%.

Circassia announced a proposed placing and open offer on 15 May to raise gross proceeds of approximately £275m through the issue of 95,469,537 new ordinary shares - 50.4% of the existing issued share capital - at £2.8805 apiece.

The company will issue 59,829,524 open offer shares with the remaining 35,640,013 taken up under the placing.

At 9:28am: [LON:CIR] Circassia Pharmaceuticals Plc Ord 0.08p share price was +3.63p at 286.13p



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