OKYO Pharma Limited ("OKYO" or the "Company") - OKYO publicly files a registration statement with the SEC for a proposed dual-listing on the Nasdaq Capital Market and Offering in the United States

LONDON, March 07, 2022 (GLOBE NEWSWIRE) -- OKYO Pharma Limited (LSE: OKYO; OTCQB: EMMLF) ("OKYO" or the "Company"), a biotechnology company focused on the discovery and development of novel molecules to treat inflammatory dry eye diseases and ocular pain, is pleased to announce that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its American Depositary Shares ("ADSs"), each of which will represent one or a number of the Company's ordinary shares of no par value each ("Ordinary Shares") in the United States (the "Offering").

All ADSs to be sold in the Offering will be offered by OKYO. The number of Ordinary Shares to be represented by each ADS, the number of ADSs to be offered and the price range for the Offering have not yet been determined. The Offering is subject to market conditions, and there can be no assurance as to whether, or when, the Offering may be completed or as to the actual size or terms of the Offering. The Offering will be conducted within the parameters of the authorities conferred upon OKYO by its shareholders at its annual general meeting on 27 September 2021.

OKYO intends to apply to have its ADSs listed on the Nasdaq Capital Market under the symbol "OKYO". Upon completion of the Offering, OKYO's Ordinary Shares will continue to be admitted to listing on the standard segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of London Stock Exchange plc under the symbol "OKYO".

ThinkEquity is acting as the sole bookrunning manager for the Offering. The Offering will be made only by means of a prospectus, which, for the avoidance of doubt, will not constitute a "prospectus" in any member state of the European Economic Area ("EEA") for the purposes of Regulation (EU) 2017/1129 (as amended) (the "EU Prospectus Regulation") or in the UK for the purposes of the Prospectus Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended) (the "UK Prospectus Regulation") and has not been reviewed by any competent authority in any member state of the EEA or the UK. No offer of securities to the public is being made in any member state of the EEA or the UK.