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Published on 2/19/2009 in the Prospect News PIPE Daily.

New Issue: OctoPlus orchestrates €6 million private placement of stock

By Devika Patel

Knoxville, Tenn., Feb. 19 - OctoPlus NV said it will raise at least €6 million in a private placement of shares.

The company will sell ordinary shares at €0.75 per share.

Kempen & Co. is the agent.

Settlement is expected Feb. 24.

OctoPlus is a Leiden, Netherlands-based pharmaceutical company.

Issuer:OctoPlus NV
Issue:Ordinary shares
Amount:€6 million
Price:€0.75
Warrants:No
Agent:Kempen & Co.
Pricing date:Feb. 19
Settlement date:Feb. 24
Stock symbol:Amsterdam: OCTO
Stock price:€0.93 at close Feb. 19

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