Block Listing Six Monthly Return

Avacta Group PLC
26 April 2024
 

 

 

 

 

 

 


26 April 2024

 

Avacta Group plc

 

("Avacta" or "the Group" or "the Company")

 

Block Listing Six Monthly Return

 

 

Avacta Group plc (AIM: AVCT), a life sciences developing innovative, targeted oncology drugs and powerful diagnostics, today makes the following notification pursuant to Schedule Six of the AIM Rules for Companies regarding its existing block admission arrangements:

 

Name of applicant:

Avacta Group plc

Name of scheme:

EMI scheme

Period of return:

From:

28 October 2023


27 April 2024

Balance of unallotted securities under scheme(s) from previous return:

797,922

Plus:   The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

113,808

Less:   Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):

108,724

Equals:   Balance under scheme(s) not yet issued/allotted at end of period:

911,730






 

Name of applicant:

Avacta Group plc

Name of scheme:

LTIP scheme

Period of return:

From:

28 October 2023


27 April 2024

Balance of unallotted securities under scheme(s):

5,277,257

Plus:   The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

6,500,000

Less:   Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):

2,058,000

Equals:   Balance under scheme(s) not yet issued/allotted at end of period:

11,777,257






 

Name of contact:

Tony Gardiner, Company Secretary

Telephone number of contact:

+ 44 (0) 1904 217070

 

Ends-

 

 

For further information from Avacta Group plc, please contact:

 

Avacta Group plc

Alastair Smith, Chief Executive Officer

Tony Gardiner, Chief Financial Officer

Michael Vinegrad, Group Communications Director

 

 

Tel: +44 (0) 1904 21 7070

www.avacta.com

Stifel Nicolaus Europe Limited (Nomad and Joint Corporate Broker)

Nicholas Moore / Nick Adams / Samira Essebiyea / Nick Harland / Ben Good

 

 

Tel: +44 (0) 207 710 7600

www.stifel.com

Peel Hunt (Joint Corporate Broker)

James Steel / Chris Golden / Patrick Birkholm

Tel: +44 (0) 207 418 8900

www.peelhunt.com

 

ICR Consilium (Media and IR)

Mary-Jane Elliott / Jessica Hodgson / Sukaina Virji

avacta@consilium-comms.com

 

 

About Avacta Group plc - https://www.avacta.com

Avacta Group is a UK-based life sciences company focused on improving healthcare outcomes through targeted cancer treatments and diagnostics.

Avacta has two divisions focused on therapeutics and diagnostics.

Avacta Therapeutics: a clinical stage oncology biotech division harnessing proprietary therapeutic platforms to develop novel, highly targeted cancer drugs.

Avacta Diagnostics: focused on supporting healthcare professionals and broadening access to diagnostics.

Avacta has two proprietary platforms, pre|CISION™ and Affimer®.

The pre|CISION™ platform is a highly specific substrate for fibroblast activation protein (FAP) which is upregulated in most solid tumours compared with healthy tissues. The pre|CISION™ platform harnesses this tumour specific protease to activate pre|CISION™ peptide drug conjugates and pre|CISION™ antibody/Affimer® drug conjugates in the tumour microenvironment, reducing systemic exposure and toxicity, allowing dosing to be optimised to deliver the best outcomes for patients.

The lead pre|CISION™ programme AVA6000, a peptide drug conjugate form of doxorubicin, is in Phase 1 studies. It has shown a dramatic improvement in safety and tolerability in clinical trials to date compared with standard doxorubicin and preliminary signs of clinical activity in multiple patients.

 

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END
 
 
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