AGM Report

Synairgen (SNG) AGM 2018

AGM Date: June 22, 2018

Report Author: Tim Grattan

I attended the Synairgen AGM last Friday (June 22nd 2018), which was held at the offices of Fladgate LLP, 16 Great Queen Street, London. For investors who is unfamiliar with the company, Synairgen is an AIM listed UK based biotech company focused primarily on developing new treatments for Asthma, COPD and other respiratory diseases. The company floated on AIM in November 2004, issuing approximately 8m shares at 130p/share valuing the company at around £28m. There have been several placings since the IPO and the shares now trade at around 13.5p/share valuing Synairgen at about £12.5m. The company broker Finncap raised their price target from 35p to 63p/share on Friday following an update on the clinical progress of their lead asset, SNG001 (beta-interferon). Despite the upgrade, Synairgen shares were virtually unchanged

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