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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -2.15% | 45.50 | 45.00 | 46.00 | 46.50 | 44.75 | 46.50 | 4,092,357 | 16:04:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Pharmaceutical Preparations | 10.06M | -39.19M | -0.1382 | -3.29 | 129.04M |
TIDMAVCT
RNS Number : 9195M
Avacta Group PLC
25 January 2016
25 January 2016
Avacta Group plc
("Avacta" or "the Group" or "the Company")
Result of Annual General Meeting
Avacta Group plc (AIM: AVCT), the developer of Affimer(R) biotherapeutics and research reagents, announces that at the Annual General Meeting held earlier today, all resolutions were duly passed.
Following approval of the resolution relating to the consolidation of 1 new ordinary share of 10p each for every 100 existing ordinary shares of 0.1p each, every 100 existing ordinary shares of 0.1p each will be consolidated into 1 new ordinary share of 10p each.
The share consolidation is expected to become effective at 8.00am on 26 January 2016.
Enquiries:
Avacta Group plc Tel: +44 (0) Alastair Smith, Chief Executive 844 414 0452 Officer www.avacta.com Tony Gardiner, Chief Financial Officer Numis Securities Limited Tel: +44 (0) Michael Meade / Freddie Barnfield 207 260 1000 - Nominated Adviser www.numiscorp.com James Black - Corporate Broking WG Partners Tel: +44 (0) David Wilson 203 705 9318 Nigel Barnes Tel: +44 (0) Claes Spang 203 705 9217 www.wgpartners.co.uk Media Enquiries Tel: +44 (0) FTI Consulting 203 727 1000 Simon Conway / Natalie Garland-Collins avacta@fticonsulting.com
Notes to Editors
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 oncology and bleeding disorders as well as several partnered development programmes. Avacta is commercialising Affimer reagents through custom Affimer services to provide bespoke solutions to customers and via a growing on-line catalogue of Affimer reagents.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
January 25, 2016 10:35 ET (15:35 GMT)
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