Exercise of Over-allotment Option

RNS Number : 9753N
Oxford Nanopore Technologies plc
04 October 2021
 

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Neither this announcement, nor anything contained herein, shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any shares referred to in this announcement except solely on the basis of the information contained in Oxford Nanopore Technologies plc's ("Oxford Nanopore" or the "Company" and, together with its subsidiaries, the "Group") prospectus dated 30 September 2021 (together with any supplementary prospectus, if relevant, the "Prospectus"), including the risk factors set out therein, that has been published by the Company in connection with the offer of ordinary shares in the Company (the "Shares") and the admission of such Shares to the standard listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc. A copy of the Prospectus is available for inspection on the Company's website at https://nanoporetech.com/investors-update , subject to certain access restrictions.

4 October 2021

 



OXFORD NANOPORE TECHNOLOGIES PLC

 

Exercise of Over-allotment Option

 

 

 

Further to its announcement on 30 September 2021 relating to its initial public offering (the "Offer"), Oxford Nanopore Technologies plc (the "Company") announces that Citigroup Global Markets Limited, acting as stabilising manager, has today exercised in its entirety the over-allotment option granted by the Company (the "Over-allotment Option"), in respect of 18,501,661 ordinary shares in the Company at the offer price of 425 pence each.

From the exercise of the Over-allotment Option, the Company is expected to receive approximately £78.6 million in gross proceeds. Accordingly stabilisation will not be undertaken in connection with the Offer.

Giving effect to the exercise of the Over-allotment Option, the final size of the Offer is 141,846,069 ordinary shares, representing 17.44 per cent. of the Company's ordinary shares in issue, raising gross proceeds of approximately £602.8 million in aggregate.

 

Media Enquiries

media@nanoporetech.com

 

Tulchan Group (communications adviser to the Company)

Tom Murray, Olivia Peters, Deborah Roney

+44 (0) 20 7353 4200  OxfordNanopore@tulchangroup.com

 



 

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