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Lipoxen PLC (XEN)

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Tuesday 23 May, 2006

Lipoxen PLC

Issue of Equity

Lipoxen PLC
23 May 2006

Lipoxen plc



Completion of the compulsory acquisition process under section 429(4) of the
Companies Act 1985





The Directors of Lipoxen are pleased to announce that they have completed the
purchase of the minority interest in Lipoxen Technologies Limited by the
compulsory acquisition process under section 429(4) of the Companies Act 1985.



Accordingly, they have issued and allotted a total of 5,553,831 new ordinary
shares of 0.5p each, fully paid, to those shareholders of Lipoxen Technologies
Limited who did not accept the offer made at the time of the Company's admission
to AIM under the reverse transaction completed on 16 January 2006.  The total
number of shares in issue is now 104,146,662.



Application has been made to admit the 5,553,831 new ordinary shares to trading
on AIM and dealings are expected to commence on 30 May 2006.





23 May 2006


                      This information is provided by RNS
            The company news service from the London Stock Exchange