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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 : 5590N
Avacta Group PLC
18 January 2019
18 January 2019
Avacta Group plc
("Avacta" or "the Group" or "the Company")
Share Incentive Plan/Issue of Equity
Avacta Group plc (AIM: AVCT), the developer of Affimer(R) biotherapeutics and reagents, is pleased to announce that as part of its HMRC Approved Share Incentive Plan ("SIP") Award Scheme, ordinary shares of 10p each in the Company ("Ordinary Shares") up to a value of GBP3,000 per employee will be issued at the prevailing middle market price at the close of business on 16 January 2019 to all eligible employees. These shares awarded will form part of the employee's remuneration package.
Accordingly, today 372,826 Ordinary Shares have been issued as part of the SIP Award Scheme to eligible employees.
Application has been made for the Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 25 January 2019 ("Admission") . The Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.
Following Admission, the Company's enlarged issued share capital will be 115,835,037. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
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For further information from Avacta Group plc, please contact:
Avacta Group plc Tel: +44 (0) 844 414 0452 Alastair Smith, Chief Executive www.avacta.com Officer Tony Gardiner, Chief Financial Officer finnCap Ltd Tel: +44 (0) 207 220 0500 Geoff Nash / Giles Rolls - Nominated www.finncap.com Adviser Tim Redfern - ECM Tel: +44 (0) 203 705 9318 WG Partners Tel: +44 (0) 203 705 9217 Nigel Birks / Nigel Barnes www.wgpartners.co.uk David Wilson / Claes Spang Turner Pope Investments Tel: 020 3621 4120 James Pope www.turnerpope.com Ben Turner Zyme Communications (Trade and Regional Tel: +44 (0)7787 502 947 Media) katie.odgaard@zymecommunications.com Katie Odgaard Yellow Jersey (Financial Media and Tel: +44 (0)7764 947137 IR) Tel: +44 (0)7544 275882 Sarah Hollins avacta@yellowjerseypr.com Harriet Jackson
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 $100bn despite their shortcomings. Affimer(R) 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(R) 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 as well as partnered development programmes. Avacta is commercialising non-therapeutic Affimer(R) reagents through licensing to developers of life sciences research tools and diagnostics.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
January 18, 2019 12:08 ET (17:08 GMT)
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