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GW Pharmaceuticals plc Announces the Closing of its Initial Public Offering on the Nasdaq Global Market
Date:5/8/2013

LONDON, May 8, 2013 /PRNewswire/ -- GW Pharmaceuticals plc (Nasdaq: GWPH, AIM: GWP, "GW" or the "Company"), a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, announced today the closing of its previously announced initial public offering of 3,500,000 American Depository Shares (ADSs) at a price to the public of $8.90 per share. The Company has granted the underwriters an option to purchase up to 525,000 additional ADSs at the initial public offering price to cover over-allotments, if any.  GW's ADSs are listed on the NASDAQ Global Market under the trading symbol "GWPH" and began trading on May 1. 

Lazard Capital Markets LLC and Cowen and Company, LLC acted as joint book-running managers for the offering. Canaccord Genuity acted as co-lead manager and Roth Capital Partners acted as co-manager.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on May 1, 2013. Copies of the final prospectus relating to this offering may be obtained from: Lazard Capital Markets LLC, Attn: Syndicate Department, 30 Rockefeller Plaza, 48th Floor, New York, NY 10020, Telephone: (800) 542-0970; from Cowen and Company, LLC, c/o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY,11717, Attn: Prospectus Department, Phone (631) 274-2806 / Fax (631) 254-7140; from Canaccord Genuity Inc., Attention: Syndicate Department, 99 High Street, 12th Floor, Boston, Massachusetts 02110, or by telephone at (617) 371-3900; and from Roth Capital Partners, LLC, Equity Capital Markets, 888 San Clemente Drive, Newport Beach, CA 92660, at 800-678-9147 and Rothecm@roth.com.

This press release shall not constitute an offer to
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SOURCE GW Pharmaceuticals plc
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