Issue of Equity

RNS Number : 4125B
Avacta Group PLC
16 June 2016
 

Avacta Group plc

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

Issue of Equity

 

Avacta Group plc (AIM: AVCT), the developer of Affimer® biotherapeutics and research reagents, today announces that 2,000 Ordinary Shares of 10p ("new Ordinary Shares") have been issued by the Company pursuant to the exercise of share options.

 

Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 21 June 2016.

 

The total number of Ordinary Shares in issue following the above issue will be 68,375,889 each with voting rights.  No Ordinary Shares are held in Treasury.

 

The above figure of 68,375,889 shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.

 

- Ends -

 

For further information:

 

Avacta Group plc

Alastair Smith, Chief Executive Officer

Tony Gardiner, Chief Financial Officer

 

Tel:  +44 (0) 844 414 0452

www.avacta.com

Numis Securities Limited

Michael Meade / Freddie Barnfield - Nominated Adviser

James Black - Corporate Broking

 

Tel:  +44 (0) 207 260 1000

www.numiscorp.com

Media Enquiries

FTI Consulting

Simon Conway/Natalie Garland-Collins

Tel: +44 (0) 20 3727 1000

avacta@fticonsulting.com

 

Notes to Editors

Avacta Group plc (www.avacta.com)

Avacta's principal focus is on its proprietary Affimer® technology which is a novel engineered alternative to antibodies that has wide application in Life Sciences for diagnostics, therapeutics and general research and development.

 

Antibodies dominate markets worth in excess of $50bn despite their shortcomings. The Affimer technology has been designed to address many of these negative performance issues, principally: the time taken to generate new antibodies, the reliance on an animal's immune response, poor specificity in many cases, and batch to batch variability. The Affimer technology is based on a small protein that can be quickly generated to bind with high specificity and affinity to a wide range of protein targets.

 

Avacta has a pre-clinical biotech development programme with an in-house focus on oncology and bleeding disorders as well as several partnered development programmes. Avacta is commercialising Affimer reagents through custom Affimer services to provide bespoke solutions to customers and via a growing on-line catalogue of Affimer reagents.


This information is provided by RNS
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