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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Avacta Group Plc | LSE:AVCT | London | Ordinary Share | GB00BYYW9G87 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.75 | 8.33% | 48.75 | 48.00 | 49.50 | 49.00 | 45.00 | 45.00 | 3,783,841 | 12:30:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Pharmaceutical Preparations | 10.06M | -39.19M | -0.1382 | -3.53 | 138.26M |
TIDMAVCT
RNS Number : 8245G
Avacta Group PLC
01 June 2017
Avacta Group plc
("Avacta", the "Company" or the "Group")
Issue of Equity
Avacta Group plc (AIM: AVCT), the developer of Affimer(R) biotherapeutics and research reagents, today announces that following the exercise of employee share options it has issued and allotted 500 new ordinary shares of 10 pence each in the Company ("Ordinary Shares"). Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 7 June 2017 ("Admission").
Following Admission, the total number of Ordinary Shares with voting rights in issue will be 68,393,088. Accordingly, shareholders may use this figure 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 FCA's Disclosure Guidance and Transparency Rules.
- Ends -
For further information:
Avacta Group plc Tel: +44 (0) Alastair Smith, Chief Executive 844 414 0452 Officer www.avacta.com Tony Gardiner, Chief Financial Officer finnCap Ltd Tel: +44 (0) Geoff Nash / Giles Rolls - Nominated 207 220 0500 Adviser www.finncap.com Tim Redfern / Alice Lane - Corporate Broking Tel: +44 (0) WG Partners 203 705 9318 Nigel Birks / Nigel Barnes Tel: +44 (0) David Wilson / Claes Spang 203 705 9217 www.wgpartners.co.uk FTI Consulting (Financial Media Tel: +44 (0) and IR) 203 727 1000 Simon Conway / Natalie Garland-Collins avacta@fticonsulting.com
About Avacta Group plc (www.avacta.com)
Avacta's principal focus is on its proprietary Affimer(R) 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. 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. 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 immuno-oncology and bleeding disorders as well as partnered development programmes. Avacta is commercialising non-therapeutic Affimer reagents through licensing to developers of life sciences research tools and diagnostics.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
June 01, 2017 03:56 ET (07:56 GMT)
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