Leiden, The Netherlands, June 30, 2009. Biotech company Pharming Group NV ("Pharming") (NYSE Euronext: PHARM) today provided an update on its outstanding number of shares following a transaction with YA Global Master SPV LTD ("YA Global").
Under the Standby Equity Distribution Agreement with YA Global, Pharming issued 1,158,011 ordinary shares for a cash consideration of € 0.6 million. As a result of the above transactions, Pharming's total number of outstanding ordinary shares is currently 112,362,987 shares.