Posting of Circular

RNS Number : 7577R

Scancell Holdings Plc

11 March 2016

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND, THE RUSSIAN FEDERATION OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. 

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY ORDINARY SHARES OF SCANCELL IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY.  IN PARTICULAR, YOU SHOULD READ AND UNDERSTAND THE INFORMATION PROVIDED IN THE "IMPORTANT NOTICES" SECTION AND IN THE APPENDICES.

11 March 2016

Scancell Holdings Plc

Posting of Circular

Scancell Holdings Plc (LSE:AIM SCLP) ("Scancell" or the "Company"), the developer of novel immunotherapies for the treatment of cancer, further to the announcement on 9 March of the successful Firm Placing to raise £3.4 million, will today publish a circular setting out, amongst other things, details of the Open Offer.

The Open Offer is for up to approximately 22.5 million New Ordinary Shares at 17 pence per New Ordinary Share to raise up to £3.8 million, which will provide Qualifying Shareholders with the opportunity to subscribe for New Ordinary Shares on the basis of:

1 New Ordinary Share for every 10 Existing Ordinary Shares held

The Firm Placing and Open Offer are within the Company's existing allotment authorities. The Circular to shareholders will be available shortly on the Company's website at www.scancell.co.uk.

For further information please contact:

Scancell Holdings Plc Dr Richard Goodfellow, Joint CEO Professor Lindy Durrant, Joint CEO	+ 44 (0) 20 3727 1000
Panmure Gordon (Nominated Adviser and placing agent) Robert Naylor/Paul Fincham, Corporate Finance Maisie Atkinson, Sales	[phone]
Lesmoir-Gordon, Boyle & Co. Limited (Sub placing agent) Angus Grierson	[phone]
FTI Consulting Mo Noonan Simon Conway	+ 44 (0) 20 3727 1000

Panmure Gordon (UK) Limited is acting as Nominated Adviser and placing agent in respect of the Placing. Lesmoir-Gordon, Boyle & Co. Limited is acting as sub placing agent.

Expected Timetable of Principal Events

Announcement of the Firm Placing and Open Offer	9 March
Record Date for the Open Offer	9 March
Publication of the Open Offer document and the Application Form	11 March
Ex-entitlement Date	11 March
Open Offer Entitlements credited to CREST stock accounts of Qualifying CREST Holders	14 March
Recommended last time and date for requesting withdrawal of Open Offer Entitlements from CREST	4.30p.m. on 21 March
Latest time and date for depositing Open Offer Entitlements into CREST	3.00p.m. on 22 March
Latest time and date for splitting Application Forms (to satisfy bona fide market claims only)	3.00p.m. on 23 March
Latest time and date for acceptance of the Open Offer and receipt of completed Application Forms	11.00 a.m. on 29 March
Announcement of result of Open Offer	31 March
Admission and commencement of dealings in the New Ordinary Shares	8.00 a.m. on 5 April
New Ordinary Shares credited to CREST members' account	5 April
Despatch of definitive share certificates for New Ordinary Shares in certificated form	19 April

The above time and/or dates are subject to change and, in the event of such change, the revised times and/or dates will be notified to Shareholders by an announcement through a Regulatory Information Service.

Dealing codes

The ISIN of the Open Offer Entitlement is GB00BDGSNM16

The ISIN of the Excess Application Facility is GB00BDGSNP47

All defined terms used in this announcement are defined, unless otherwise defined here, in the Proposed Placing and Open Offer announcement made on 9 March 2016.

 

END

 

 

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