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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aortech International Plc | LSE:AOR | London | Ordinary Share | GB0033360586 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 126.50 | 123.00 | 130.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRUA
RNS Number : 1594K
RUA Life Sciences PLC
30 December 2020
30 December 2020
RUA Life Sciences plc
(the "Company" or the "Group")
Results of General Meeting
Total Voting Rights
Director/PDMR Dealings
RUA Life Sciences plc (AIM: RUA), the holding company of a group of medical device businesses focused on the exploitation of Elast-Eon(TM), a long-term implantable biostable polymer, is pleased to announce that at the General Meeting held earlier today, all resolutions proposed were duly passed by shareholders.
Furthermore, as announced earlier today the Open Offer closed for acceptances at 11.00 a.m. on 29 December 2020 with final valid applications from Qualifying Shareholders in respect of 831,522 Open Offer Shares. Qualifying Shareholders who have validly applied for Open Offer Shares have received their full Open Offer Entitlement. Applications made under the Excess Application Facility were oversubscribed and have been scaled back pro-rata such that approximately 9.7 per cent. of the Excess Application is satisfied.
Accordingly, the Company will raise a total of approximately GBP7.0 million (before expenses) through the Placing, Subscription and Open Offer and has thus issued and allotted 5,831,522 New Ordinary Shares. An application has been made for the 5,831,522 New Ordinary Shares to be admitted to trading on AIM, which is expected to take place at 8.00 a.m. on 31 December 2020.
The net proceeds of the Placing, Subscription and Open Offer will be used by the Company primarily to fund the acceleration of the Group's surgical heart valve through to human trials, to accelerate development of the Company's TAVI valve, to scale up the Group's graft manufacture to meet anticipated demand and to allow further investment in capital equipment to assist in the scale up of the Group's capacity.
Following Admission, the Company's issued share capital will comprise 22,184,797 Ordinary Shares, of which none are held in treasury, and 4,832,778 Deferred Shares which carry no voting rights. The above figure of 22,184,797 may be used by Shareholders 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 voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Details of the proxy votes received on each resolution by the Company's Registrar are set out below:
Resolution For & Against Withheld Total Discretionary votes cast Number % Number % Number % of votes of votes of votes ---------------------- ---------- ------ ---------- ----- ---------- ---- ---------- Allotment of Ordinary Shares 1 for Fundraising 3,587,593 99.19 28,968 0.80 328 0.01 3,616,889 ---------------------- ---------- ------ ---------- ----- ---------- ---- ---------- Pre-emption 2 rights Fundraising 3,587,593 99.19 28,968 0.80 328 0.01 3,616,889 ---------------------- ---------- ------ ---------- ----- ---------- ---- ---------- Allotment of Ordinary Shares, 3 general authority 3,587,593 99.19 28,968 0.80 328 0.01 3,616,889 ---------------------- ---------- ------ ---------- ----- ---------- ---- ---------- Pre-emption 4 rights 3,586,593 99.16 28,968 0.80 1,328 0.04 3,616,889 ---------------------- ---------- ------ ---------- ----- ---------- ---- ---------- Pre-emption rights, acquisitions and specified 5 investments 3,586,593 99.16 28,968 0.80 1,328 0.04 3,616,889 ---------------------- ---------- ------ ---------- ----- ---------- ---- ----------
John Ely, a Non-Executive Director of the Company and Anthea Berg, a Person Closely Associated with Geoffrey Berg, a Non-Executive Director of the Company, have subscribed for New Ordinary Shares through the Subscription as detailed below.
Director/PDMR Shares Acquired Total Holding* Percentage of Enlarged Share Capital* John Ely 4,167 4,167 0.0% ---------------- --------------- ---------------- Geoffrey Berg** 8,333 25,018 0.1% ---------------- --------------- ----------------
* following Admission
** Application made in the name of Anthea Berg, wife of Geoffrey Berg
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the circular sent to Shareholders on 11 December 2020.
For more information please contact:
RUA Life Sciences plc Bill Brown, Chairman Tel: +44 (0) 77 3071 David Richmond, CEO 8296 Tel: +44 (0) 78 9999 6400 Shore Capital (Nomad and Joint Broker) Tom Griffiths/David Coaten Tel: +44 (0)20 7408 4080 Cenkos Securities plc (Joint Broker) Russell Cook/Max Gould (Corporate Finance) Michael Johnson (Sales) Tel: +44 (0) 20 7397 8900
About RUA Life Sciences plc
The RUA Life Sciences group was created in April 2020 when RUA Life Sciences Plc (formerly known as AorTech International Plc) acquired RUA Medical Devices Limited to create a fully formed medical device business. RUA Life Sciences is the holding company of the Group's four trading businesses, each exploiting the Group's patented polymer technology.
Our vision is to improve the lives of millions of patients by improving and enabling medical devices with Elast-Eon(TM), widely accepted as being the most biostable of all long-term implantable polyurethanes.
Whether it is licensing Elast-Eon(TM), manufacturing a device or component or developing next generation medical devices, a RUA Life Sciences business is pursuing our vision.
Elast-Eon(TM)'s biostability is comparable to silicone while exhibiting excellent mechanical, blood contacting and flex-fatigue properties. These polymers can be processed using conventional thermoplastic extrusion and moulding techniques. With over 7 million implants and over 14 years of successful clinical use, the Group's polymers are proven in long-term life enabling applications.
The Group's four business units are:
RUA Medical : End-to-end contract developer and manufacturer of medical devices and implantable fabric specialist. RUA Biomaterials Licensor of Elast-Eon(TM) polymers to the medical : device industry. RUA Vascular Commercialisation of large bore polymer sealed : grafts and soft tissue patches. RUA Structural Development of tri leaflet polymeric heart valves. Heart : Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 1 Details of the person discharging managerial responsibilities/person closely associated ------------------------------------------------------------------------------------ a. Name John Ely --------------------------------------- ------------------------------------------- 2 Reason for notification Acquisition of shares --------------------------------------- ------------------------------------------- a. Position/Status Non-Executive Director --------------------------------------- ------------------------------------------- b. Initial notification/ Initial notification Amendment --------------------------------------- ------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------------ a. Name RUA Life Sciences Plc --------------------------------------- ------------------------------------------- b. LEI 213800BMVB22PVOJ9Z28 --------------------------------------- ------------------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------------------------ a. Description of Ordinary shares of 5p each the financial instrument, type of instrument ISIN: GB0033360586 Identification Code --------------------------------------- ------------------------------------------- b. Nature of the Share purchase transaction --------------------------------------- ------------------------------------------- c. Price(s) and volume(s) Price(s) per Volume(s) share --------------------------------------- ---------------------
120p 4,167 --------------------- --------------- d. Aggregated information - Aggregated Volume n/a - Price --------------------------------------- ------------------------------------------- e. Date of the transaction 31 December 2020 --------------------------------------- ------------------------------------------- f. Place of the transaction London Stock Exchange --------------------------------------- ------------------------------------------- Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 1 Details of the person discharging managerial responsibilities/person closely associated ------------------------------------------------------------------------------------ a. Name Anthea Berg, PCA with Geoffrey Berg --------------------------------------- ------------------------------------------- 2 Reason for notification Acquisition of shares --------------------------------------- ------------------------------------------- a. Position/Status Wife of Non-Executive Director --------------------------------------- ------------------------------------------- b. Initial notification/ Initial notification Amendment --------------------------------------- ------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------------ a. Name RUA Life Sciences Plc --------------------------------------- ------------------------------------------- b. LEI 213800BMVB22PVOJ9Z28 --------------------------------------- ------------------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------------------------ a. Description of Ordinary shares of 1p each the financial instrument, type of instrument ISIN: GB0033360586 Identification Code --------------------------------------- ------------------------------------------- b. Nature of the Share purchase transaction --------------------------------------- ------------------------------------------- c. Price(s) and volume(s) Price(s) per Volume(s) share --------------------------------------- --------------------- 120p 8,333 --------------------- --------------- d. Aggregated information - Aggregated Volume n/a - Price --------------------------------------- ------------------------------------------- e. Date of the transaction 31 December 2020 --------------------------------------- ------------------------------------------- f. Place of the transaction London Stock Exchange --------------------------------------- -------------------------------------------
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December 30, 2020 06:36 ET (11:36 GMT)
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