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Midatech Pharma PLC Announces Corporate Update & Formal Sale Process Termination

Midatech (AIM:MTPH.L)(NASDAQ:MTP), a drug delivery technology company focused on improving the bio-delivery and bio-distribution of medicines, announces it has terminated the formal sale process initiated by the Company on 20 April 2020. The formal sale process, as referred to in the City Code on Takeovers and Mergers (the "Code"), granted dispensations from Rule 2 of the Code such that any interested parties participating in the formal sale process were not required to be publicly identified.