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RUA Rua Life Sciences Plc

11.00
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rua Life Sciences Plc LSE:RUA 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% 11.00 10.50 11.50 11.00 11.00 11.00 38,622 07:42:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics,resins,elastomers 2.19M -1.44M -0.0232 -4.74 6.83M

RUA Life Sciences PLC Result of GM, Issue of Equity and TVR (1886X)

18/12/2023 2:34pm

UK Regulatory


Rua Life Sciences (LSE:RUA)
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From Dec 2022 to Dec 2024

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TIDMRUA

RNS Number : 1886X

RUA Life Sciences PLC

18 December 2023

18 December 2023

RUA LIFE SCIENCES PLC

("RUA" or the "Company")

Result of General Meeting, Issue of Equity and Total Voting Rights

Director/PDMR Shareholdings

RUA Life Sciences plc (AIM: RUA.L), the holding company of a group of medical device businesses focused on the exploitation of long-term implantable biostable polyurathane (Elast-Eon(TM)), announces that all resolutions put to Shareholders at the General Meeting held earlier today in connection with the placing announced by the Company on 30 November 2023 were duly passed.

 
       Resolution                   For                   Against         Withheld       Total 
                                                                                       votes cast 
                             Number         %        Number        %       Number 
                             of votes                of votes              of votes 
    --------------------  ------------  ---------  ----------  --------  ----------  ------------ 
     Ordinary resolution 
      to authorise 
      the directors 
 1    to allot shares        7,161,298     99.53%     34,079      0.47%       591       7,195,377 
    --------------------  ------------  ---------  ----------  --------  ----------  ------------ 
     Special resolution 
      to authorise 
      the directors 
      to disapply 
      pre-emption 
 2    rights                 7,161,161     99.53%     34,119      0.47%       688       7,195,280 
    --------------------  ------------  ---------  ----------  --------  ----------  ------------ 
 

(1) Any proxy appointments, which gave discretion to the Chairman have been included in the 'For' votes total.

(2) Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

(3) A vote "Withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against", nor in the aggregate figure of total votes cast.

Director Participation

Further to the publication of the Company's interim results for the period ended 30 September 2023, and consequently the end of the Company's close period under MAR, Bill Brown (2.57% shareholder of the Company), Ian Ardill, John McKenna (0.08%) and Lachlan Smith (0.09%) (together, the "Directors") have all subscribed for Subscription Shares at the Issue Price under the Subscription, as set out below.

 
 Shareholder            Number        % of            Number of       Number of               % of 
                   of existing    existing         Subscription        Ordinary           enlarged 
                      Ordinary      issued    Shares subscribed     Shares held    issued ordinary 
                        Shares    ordinary           for at the    on Admission      share capital 
                                     share          Issue Price                       on Admission 
                                   capital 
 Bill Brown            569,149       2.57%              272,727         841,876              1.36% 
                 -------------  ----------  -------------------  --------------  ----------------- 
 Ian Ardill                  -       0.00%              272,727         272,727              0.44% 
                 -------------  ----------  -------------------  --------------  ----------------- 
 John McKenna           18,785       0.08%               90,909         109,694              0.18% 
                 -------------  ----------  -------------------  --------------  ----------------- 
 Lachlan Smith          19,341       0.09%               90,909         110,250              0.18% 
                 -------------  ----------  -------------------  --------------  ----------------- 
 

For the reasons set out above, the participation by the Directors referred to above in the Subscription is classified as a 'related party transaction' for the purposes of Rule 13 of the AIM Rules. Dr Caroline Stretton, John Ely and Geoffrey Berg, as the independent Directors of the Fundraise, consider, having consulted with Cavendish (as the Company's Nominated Adviser), that the terms of the related party transaction are fair and reasonable insofar as the Company's shareholders are concerned.

Issue of Eqity and Total Voting Rights

Following shareholder approval at the general meeting and conditional on admission, 36,363,636 new ordinary shares have been allotted pursuant to the Placing, 2,784,566 new ordinary shares pursuant to the Retail Offer and 727,272 pursuant to the Subscription,

The Company has therefore allotted a total of 39,875,474 new ordinary shares in connection with the Fundraising.

Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 62,060,272 with each Ordinary Share carrying the right to one vote. There are no shares held in treasury and therefore, following Admission, the total number of voting rights in the Company will be 62,060,272.

The above figure 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 share capital of the Company under the FCA's Disclosure, Guidance and Transparency Rules.

Capitalised terms used in this announcement have the meaning given to them in the Placing announcement dated 30 November 2023, unless otherwise defined in this announcement.

For further information contact:

 
 RUA Life Sciences 
  Bill Brown, Chairman                           Tel: +44 (0)1294 317073 
  Caroline Stretton, Group Managing Director     Tel: +44 (0)1294 317073 
 Cavendish Capital Markets Limited             Tel: +44 (0)20 7220 
  (Nominated Adviser and Broker)                0500 
  Giles Balleny/Dan Hodkinson (Corporate 
  Finance) 
  Charlie Combe (ECM) 
  Michael Johnson (Sales) 
 

PDMR Notification Form

The notification below is made in accordance with the requirements of MAR.

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                         Bill Brown 
     --------------------------------------------  ------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                              Executive Chair 
     --------------------------------------------  ------------------------- 
 b)   Initial notification/Amendment:               Initial notification 
     --------------------------------------------  ------------------------- 
 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 the financial instrument,      Ordinary Shares of 5 
       type of instrument:                           pence 
       Identification code:                          GB0033360586 
     --------------------------------------------  ------------------------- 
 b)   Nature of the transaction:                    Purchase of Ordinary 
                                                     Shares 
     --------------------------------------------  ------------------------- 
 c)   Price(s) and volume(s):                        Price(s)    Volume(s) 
                                                      11 pence    272,727 
                                                                 ---------- 
     --------------------------------------------  ------------------------- 
 d)   Aggregated information: 
       --Aggregated volume:                           N/A 
       --Price: 
     --------------------------------------------  ------------------------- 
 e)   Date of the transaction:                      18 December 2023 
     --------------------------------------------  ------------------------- 
 f)   Place of the transaction:                     Outside of a trading 
                                                     venue 
     --------------------------------------------  ------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                         Ian Ardill 
     --------------------------------------------  ------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                              Non-Executive Director 
     --------------------------------------------  ------------------------- 
 b)   Initial notification/Amendment:               Initial notification 
     --------------------------------------------  ------------------------- 
 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 the financial instrument,      Ordinary Shares of 5 
       type of instrument:                           pence 
       Identification code:                          GB0033360586 
     --------------------------------------------  ------------------------- 
 b)   Nature of the transaction:                    Purchase of Ordinary 
                                                     Shares 
     --------------------------------------------  ------------------------- 
 c)   Price(s) and volume(s):                        Price(s)    Volume(s) 
                                                      11 pence    272,727 
                                                                 ---------- 
     --------------------------------------------  ------------------------- 
 d)   Aggregated information: 
       --Aggregated volume:                           N/A 
       --Price: 
     --------------------------------------------  ------------------------- 
 e)   Date of the transaction:                      18 December 2023 
     --------------------------------------------  ------------------------- 
 f)   Place of the transaction:                     Outside of a trading 
                                                     venue 
     --------------------------------------------  ------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                         Lachlan Smith 
     --------------------------------------------  ------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                              Chief Financial Officer 
     --------------------------------------------  ------------------------- 
 b)   Initial notification/Amendment:               Initial notification 
     --------------------------------------------  ------------------------- 
 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 the financial instrument,      Ordinary Shares of 5 
       type of instrument:                           pence 
       Identification code:                          GB0033360586 
     --------------------------------------------  ------------------------- 
 b)   Nature of the transaction:                    Purchase of Ordinary 
                                                     Shares 
     --------------------------------------------  ------------------------- 
 c)   Price(s) and volume(s):                        Price(s)    Volume(s) 
                                                      11 pence    90,909 
                                                                 ---------- 
     --------------------------------------------  ------------------------- 
 d)   Aggregated information: 
       --Aggregated volume:                           N/A 
       --Price: 
     --------------------------------------------  ------------------------- 
 e)   Date of the transaction:                      18 December 2023 
     --------------------------------------------  ------------------------- 
 f)   Place of the transaction:                     Outside of a trading 
                                                     venue 
     --------------------------------------------  ------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                         John McKenna 
     --------------------------------------------  ------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                              Non-Executive Director 
     --------------------------------------------  ------------------------- 
 b)   Initial notification/Amendment:               Initial notification 
     --------------------------------------------  ------------------------- 
 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 the financial instrument,      Ordinary Shares of 5 
       type of instrument:                           pence 
       Identification code:                          GB0033360586 
     --------------------------------------------  ------------------------- 
 b)   Nature of the transaction:                    Purchase of Ordinary 
                                                     Shares 
     --------------------------------------------  ------------------------- 
 c)   Price(s) and volume(s):                        Price(s)    Volume(s) 
                                                      11 pence    90,909 
                                                                 ---------- 
     --------------------------------------------  ------------------------- 
 d)   Aggregated information: 
       --Aggregated volume:                           N/A 
       --Price: 
     --------------------------------------------  ------------------------- 
 e)   Date of the transaction:                      18 December 2023 
     --------------------------------------------  ------------------------- 
 f)   Place of the transaction:                     Outside of a trading 
                                                     venue 
     --------------------------------------------  ------------------------- 
 

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END

ROMFLFFSFELTLIV

(END) Dow Jones Newswires

December 18, 2023 09:34 ET (14:34 GMT)

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