Issue of Equity

RNS Number : 9017P

Evocutis PLC

23 February 2016

 

23 February 2016

Evocutis Plc

("Evocutis" or the "Company")

Issue of Equity

Evocutis (AIM: EVO, ISDX: EVO) announces that it has raised £350,000, gross of expenses, through the issue of 500 million new shares of 0.01p each in the Company ("Placing Shares") at a placing price of 0.07 pence per share with certain institutional and private investors ("the "Placing"). This Placing is to raise funds for general working capital purposes and to assist in seeking further investment opportunities.

Application is being made for the Placing Shares, which will, on issue, rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and such admission is expected to occur on or around 29 February 2016. The Placing Shares will be admitted to trading on ISDX simultaneously with the admission to AIM.

The Company will therefore have 1,224,675,828 Ordinary Shares in issue with voting rights and admitted to trading on AIM and ISDX. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information, please contact:

Evocutis Plc
Hamish Harris, Executive Director	[phone]
	www.evocutis.com
Cairn Financial Advisers LLP
James Caithie/Liam Murray	[phone]
	www.cairnfin.com

 

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