Cientifica PLC Issue of Equity - RNS Released Pre-Market (2923N)

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RNS Number : 2923N

Cientifica PLC

25 July 2014

CIENTIFICA PLC

("Cientifica" or the "Company")

Issue of equity

Cientifica, the AIM-quoted investment company focused on investment in businesses making use of advanced materials, graphene and emerging technologies, announces that it has conditionally raised GBP100,000 (gross) through a placing of 6,666,667 new ordinary shares of 0.5p each in the Company ("New Ordinary Shares") at 1.5p per share (the "Placing"). The Placing price represents a 20% discount to the closing mid price of the Company's ordinary shares on 24 July 2014, being the latest date prior to the release of this announcement.

The Placing,which has been arranged by Peterhouse Corporate Finance Limited, the Company's broker, replaces the proposed short term loan which was referred to in the Company's Business Update announcement released on 17 July 2014.

The net proceeds of the Placing will be applied towardssecuring investments in line with the Company's investing strategy. The Company is currently in advanced negotiations in relation to its first investment, which the Board hopes to be able to finalize shortly. Further announcements will be made as appropriate.

The Placing is conditional on admission of the New Ordinary Shares to trading on AIM ("Admission"). Application has been made to the London Stock Exchange for Admission, which is expected to commence on or around 30 July 2014. The New Ordinary Shares will rank pari passu with the existing ordinary shares of the Company.

Total Voting Rights

Following Admission, the Company will have 32,815,690 ordinary shares in issue, with each share carrying voting rights. The Company holds no shares in Treasury. The total number of voting rights in the Company is therefore 32,815,690. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the Disclosure Rules and Transparency Rules of the UK Financial Conduct Authority.

Tim Harper, CEO of Cientifica PLC, commented:

"We are pleased that this placing has been concluded quickly and that the net proceeds will be available for our first investment, which we hope to be in a position to announce shortly."

25 July 2014

For further information, please contact:

Cientifica PLC

   Tim Harper, Chief Executive                    [phone] 

Allenby Capital (Nominated Adviser)

   Nick Naylor/James Reeve                       [phone] 

Peterhouse Corporate Finance (Broker)

   Lucy Williams / Heena Karani                 [phone] 

Lothbury Financial Services Limited

   Michael Padley / Gary Middleton             [phone] 

This information is provided by RNS

The company news service from the London Stock Exchange

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