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Share Name Share Symbol Market Type Share ISIN Share Description
Salvarx Group Plc LSE:SALV London Ordinary Share IM00BZ4SS228 ORD 2.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 4.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services -0.55 1.00 4.5 2
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4.50 GBX

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DateSubject
26/11/2020
08:20
Salvarx Daily Update: Salvarx Group Plc is listed in the Health Care Equipment & Services sector of the London Stock Exchange with ticker SALV. The last closing price for Salvarx was 4.50p.
Salvarx Group Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 36,527,182 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Salvarx Group Plc is £1,643,723.19.
24/11/2020
16:12
the stigologist: iOx Therapeutics teams with Portage on immunotherapies 9th March 2018 iOx Therapeutics, an immunotherapy firm spun out by Oxford University Innovation (OUI) in 2015, has received $950,000 from drug discovery investment firm Portage Biotech. iOx’s underlying technology revolves around Natural Killer T-Cells (NKT cells) – a group of cells which share properties of both T-cells and natural killer cells. Research conducted by Oxford University and Ludwig Cancer Research – which worked together with OUI to form iOx Therapeutics – indicates that NKT cells could have a critical role turning the body’s immune system against tumours. The funds will be used to complete the manufacturing of IMM60, iOx’s lead immunotherapy candidate, ahead of plans to begin human trials later in 2018. The trials will be held conducted in partnership with Oxford University. The company has also received grant funding from the European Union’s Horizon 2020 programme to develop IMM65, a nanoparticle formulation of IMM60 with an added vaccine against cancer antigen NY-ESO-1, suggested as a possible target for immunotherapy by other research and organisations, including fellow Oxford immunotherapy firm Adaptimmune. Professor Vincenzo Cerundolo, Founder at iOx and and Head of the RDM Investigative Medicine Division at Oxford’s Weatherall Institute of Molecular Medicine, said: “I am excited by the progress that iOx has made to advance its technology towards human testing. The company looks forward to its collaborations with Oxford University and the PRECIOUS grant consortium [Horizon 2020] to test its safety and benefit in cancer patients.” Matthew Carpenter, Senior Licensing and Ventures Manager at Oxford University Innovation, added: “Immunotherapies remain a white-hot area for university innovation, with few regions more active than Oxford. iOx Therapeutics’ rapid growth is warmly welcomed by Oxford University, and perfectly complements other immunotherapy firms in the cluster, including Adaptimmune and Immunocore. We look forward to seeing the fruit that grows from iOx’s partnership with Portage, as well as iOx’s imminent step into human trials.”
16/11/2020
09:33
the stigologist: Portage Biotech Inc. (CSE: PBT.U) (OTC Pink: PTGEF) (“Portage̶1; or the “Company”;) wishes to announce that it has issued 375,014 common shares at a deemed price of US$6.64 per common share and 72,291 common share purchase warrants exercisable at a price of $6.64 per common share for a period of 2 years (collectively, the “Settlement Securities”) to settle approximately US$4.4 million of certain debt obligations and equity entitlements (the “Loan Notes”) of the Company’s wholly-owned subsidiary, SalvaRx Limited (“SalvaRx̶1;). The Loan Notes were originally issued in 2017. At that time, SalvaRx was a subsidiary of SalvaRx Group plc, a publicly listed company on the AIM board of the London Stock Exchange. Under the terms of the Loan Notes, upon the occurrence of a qualifying event, Loan Note holders would have been entitled to receive share purchase warrants of SalvaRx in addition to repayment of their Loan Note. The acquisition of SalvaRx by the Company in 2019 constituted a qualifying event. The Company has settled the Loan Note obligations of SalvaRx through the issuance of the Settlement Securities. Four of the Company’s directors, Gregory Bailey, James Mellon, Steven Mintz (in trust) and Kam Shah have received an aggregate of 363,718 common shares as they had all originally subscribed for Loan Notes in 2017 in an aggregate principal amount of approximately US$4.0 million. The issuance of the common shares to these directors is considered a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on appropriate exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 in respect of these issuances. Dr. Ian Walters, CEO of Portage, commented, “As a result of this transaction, the Company’s capital structure is simpler and effectively debt free, providing significant financial flexibility to further fund and expand development of innovative drugs to help cancer patients.” All Common Shares issued in connection with the Offering are subject to a minimum statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The Common Shares issued in connection with the Offering have not been registered under the U.S. Securities Act of 1933, as amended (the “Act”), and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.
18/9/2020
11:58
the stigologist: The Intensity tweet came out after market close I don't pay too much attention to PTGEF share price It is only worth bothering with once on NASDAQ There is a reason Management want to get it on NASDAQ There is a biotech gold rush going on and you want to be part of it In an industry worth over $200bn a year (that's just cancer drugs not all Pharma) it doesn't really matter how many players there are there is a big enough and growing enough cake
18/9/2020
11:36
dexdringle: Hi Stig I'm still holding my Portage and these. Portage seem to be adrift in a melee of amazing potential and regulatory failings (depending who you believe). For Salvarx, I now have a share certificate for an unlisted private company of indeterminable value. Feels like there are far too many companies chasing the same pot of gold. Only one of them will get it and some of them are much larger businesses than Portage with much deeper pockets. That announcement yesterday didn't seem to do much for the Portage share price (which went down 5%?) Perhaps this will all come good - but I'm not getting too excited just in case it doesn't !!
17/6/2020
14:22
dexdringle: Never understood why SALV was kept alive with its holding of the remainder of the Portage shares. Seems totally pointless. The 'plan' to keep the listing and reverse takeover another business (or whatever) never happened so we were de-listed. I now have a useless share certificate for my holding in the now private Salvarx. Perhaps if Portage takes off, they can sell the holding, make a final cash distribution to shareholders and wind Salvarx up once and for all ?
03/5/2019
19:41
bscuit: Anyone else got a similar problem? Originally I retained my rump SALV shares and in retrospect should have sold at 20p, but sold prior to the end of the tax year at 9p. Because they were subscribed shares. I could in theory set any loss against Income Tax using Subscribed Share Income Tax Loss Relief, but I have retained myPortage shares. In the context of completion of my tax return, my accountant advises that he requires the split in value of my original holding between SALV and Portage immediately following the de-merger. I contacted share price Angel – successors to Northland, who advised that immediately following approval of the De-merger, the SALV price was 75.5p and that Portage was trading atCAN$0.115, meaning that each SALV share pre-demerger was worth CAN$2.07 plus the rump value. The information from share price Angel is in my view flawed as the 75.5p included the about to be de-merged value in Portage. There should be a de-merger value on both shares. I that my accountant will not accept that the value of my SALV shares is showing a significant loss on original subscription price when I have an asset which I have retained. Any thoughts? In my opinion that has been a failure by SALV and its advisers to inform shareholders of the split in value in a fractional as opposed to pounds and p pennies in order for the calculation of the loss on the original holding – if any – or any fractional gain.
06/3/2019
20:42
dexdringle: Given that the rump of the Portage shares are the only SALV asset now, should we not be expecting ths SALV share price to move broadly in line with the Portage share price ?
09/1/2019
08:08
dexdringle: Okay. Just to re-cap. SALV will become the owner of 757M Portage shares in exchange for signing over its trading business to Portage. SALV then becomes an investment business SALV then plans to simply pass on 90% the Portage shares to its own shareholders so we will end up each owning X number of shares in Portage (plus our existing SALV shares albeit probably around 10p a share at that point reflecting the value of the Portage shares not distributed). Questions: 1. how long is it likely to be before the distribution takes place ? 2. how simple is it for a UK shareholder to directly own (and trade) shares in Portage ? Presumably, the SALV share price will, from today, exactly reflect the value of the Portage shares and could be sold before the distribution happens ? EDIT: just noticed the SALV share price has dropped to 10p so already prices in the distribution ?
08/12/2018
14:24
cumbrian2: Agreed Stig, but probably best to use the latest offer price which was $0.105 but that still gives a GBP1.49 conversion. My concern was that Portage would open very weakly yesterday which was not the case, so assuming they hold the current level then the arbitrage has to kick in big time as we head to completion date. Adding in, that we retain the SALV shell(which may get a Juvinescence investment?), and that the said shell retains some Portage shares then the SALV share price looks ''too good to be true'' but looks like it actually is!!! Thankfully own 144k shares, all bought after the original deal (based on my view on Intensity) so averaging 67p but hopeful of a big profit to come! Got to be heading higher on Monday.
15/8/2018
07:22
dexdringle: Okay, I'll do it then: 1. Salvarx Group (the company in which we own shares) is selling its only asset, a 94% stake in Salvarex Limited (which in turn owns all of the sub assets), to Portage Biotech. 2. Portage Biotech is paying around £60 million Salvarx Limited by issuing new 757 million new shares thought to be worth around US 10 cents (8p) each. 3. On Monday, Salvarx Group had a market cap of around £17 million - so the £60 million bid value represents a 3.5x multiple (hence the 250% PREMIUM to the current price). 4. Immediately after the deal Salarx Group will own 757 million Portage shares (allegedly worth £60 million) and a bit of cash. Each Salvarx Group share would therefore be worth around £1.76. 5. Salvarx Group will then distribute 656 million (85%) of the portage shares to Salvarx Group shareholders at a rate of around 18 for every 1 Salvarx Group share they own. 6. Salvarx Group will then be a shell company which has a bit of cash and, inexplicably, a retained holding of 60 million Portage shares worth around £5 million. So, the old Salvarx Group in which we will continue to own the same number of shares should have a value of around 15p a share. Questions: a) If the deal makes each Salvarx share worth £1.91 (points 4 and 6 above), why are they now trading at 65p? b) If the Salvarx Limited assets are so valuable why is Salvarx Group selling? c) Why are Portage not simply launching a takeover for the whole Salvarx Group at, say, 80p a share rather than buying a sub asset for twice that amount? d) Why does Salvarx Group not simply hold on to the 757 million Portage shares like it did the Salvarx Limited shares? e) What are the chances of Portage shareholders voting for a massive dilution so they can, on the face of it, massively overpay for a ‘pie in the sky’ British asset? f) Why on earth would I want to hold shares in a penny share biotech business listed in Canada? Something is not right here……….
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