OKYO Pharma Limited Announces Pricing of Public Offering and Nasdaq Listing

LONDON, May 16, 2022 (GLOBE NEWSWIRE) -- OKYO Pharma Limited (Nasdaq: OKYO, LSE: OKYO) (“OKYO Pharma” or the “Company“), a biotechnology company focused on the discovery and development of novel molecules to treat inflammatory dry eye diseases and ocular pain, announced the pricing of an underwritten public offering of 625,000 American Depositary Shares (the “ADSs”) at a public offering price of $4.00 per ADS. In addition, OKYO Pharma has granted the underwriters a 45-day option to purchase up to an additional 93,750 ADSs to cover over-allotments, if any. The gross proceeds to the Company from this offering are expected to be approximately $2,500,000 before deducting underwriting discounts, commissions and other offering expenses, and excluding the exercise of the over-allotment option, if any. The offering is expected to close on May 19, 2022, subject to customary closing conditions.