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Piper Jaffray places £58 million of Ordinary Shares on London SEAQ and AiM in institutional placing, vendor placing and open offer by Vernalis PLC

December 2005

Client(s) Piper Jaffray Companies, Inc.

Jones Day advised Piper Jaffray Companies, Inc. with £58 million of Ordinary Shares in an institutional placing on the London SEAQ and on AiM, vendor placing and open offer by Vernalis PLC. At the time of listing the market capitalization was £42.68 million.

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