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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ekf Diagnostics Holdings Plc | LSE:EKF | London | Ordinary Share | GB0031509804 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 27.40 | 27.10 | 28.60 | 27.40 | 27.40 | 27.40 | 260,265 | 16:21:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Med, Dental, Hosp Eq-whsl | 66.64M | -10.1M | -0.0222 | -12.34 | 124.65M |
TIDMEKF
RNS Number : 0049Q
EKF Diagnostics Holdings PLC
01 June 2018
EKF Diagnostics Holdings plc
("EKF", the "Company")
Update regarding Renalytix AI PLC
Further to the Company's announcement of 31 May 2018, regarding the exclusive license and collaboration agreement (the "Agreement") with Icahn School of Medicine at Mount Sinai in New York, USA ("Mount Sinai"), EKF, the AIM listed point-of-care business, confirms that Renalytix AI PLC has undertaken a share subscription which is expected to conclude in the coming days (the "Subscription"). Renalytix AI PLC is a newly incorporated company which is party to the Agreement. The Subscription reflects the involvement of the parties involved in building the Renalytix AI business to date and is an intermediate step in the structuring the Renalytix AI business for separate funding as previously disclosed.
Upon conclusion of the additional funding for Renalytix AI PLC, that entity is expected to acquire the equity of Renalytix AI Inc, the EKF group company which holds the Company's licence to the sTNFR biomarker technology, in a share-for-share exchange (the "Renalytix AI Combination"). Following the Subscription and pro forma for the Renalytix AI Combination, the major shareholders in Renalytix AI PLC are expected to be as follows, before taking into account the effects of any additional equity funding:
EKF 59.18% Mount Sinai 19.00% Renwick Capital LLC(1) 13.42% Julian Baines(2) 3.18% Richard Evans(3) 1.90% Fergus Fleming(4) 1.64% Others 1.69% Total 100.00%
Notes:
(1) Adviser to EKF on the Renalytix AI opportunity, controlled by James McCullough and James Sterling
(2) CEO of EKF and current Executive Chairman of Renalytix AI PLC (3) CFO of EKF and Non-Executive Director of Renalytix AI PLC (4) A consultant to EKF on the sTNFR technology and proposed CTO of Renalytix AI PLC
Further announcements will be made as appropriate.
Enquiries:
EKF Diagnostics Holdings plc www.ekfdiagnostics.com Christopher Mills, Non-Executive Tel: 029 2071 0570 Chairman Julian Baines, CEO Richard Evans, FD & COO N+1 Singer (Nomad & Broker) Tel: 020 7496 3000 Aubrey Powell / Shaun Dobson Walbrook PR Limited Tel: 020 7933 8780 or ekf@walbrookpr.com Paul McManus / Lianne Cawthorne Mob: 07980 541 893 / 07584 391 303
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.
END
UPDSSASAFFASELM
(END) Dow Jones Newswires
June 01, 2018 05:00 ET (09:00 GMT)
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