Tekcapital plc Update re. Belluscura IPO (1357Y)

TIDMTEK

RNS Number : 1357Y

Tekcapital plc

01 December 2017

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

1 December 2017

Tekcapital plc

("Tekcapital" or the "Company")

Update re. Belluscura IPO

Further to the announcement made on 16 November 2017, the Board of Tekcapital plc (AIM: TEK), a UK intellectual property (IP) investment group focused on creating marketplace value from university technology, today provides an update on the proposed IPO of Belluscura Limited ("Belluscura").

Due to current market conditions and certain other Enterprise Investment Scheme/Venture Capital Trust requirements having not been met in the expected timeframe, Belluscura is unable to proceed with the IPO and acquisition of licenses to manufacture and sell the STIC from Stryker Corporation. Belluscura is actively considering other alternatives.

For further information, please contact:

 
 Tekcapital Plc 
 Clifford M. Gross, Ph.D.            [e-mail] 
  Allenby Capital Limited (AIM 
   Nominated 
   Adviser & Joint Broker)            [phone] 
 Jeremy Porter / Alex Brearley 
 
 Dowgate Capital Stockbrokers 
  (Joint Broker)                     [phone] 
 David Poutney / James Serjeant 
 
 Walbrook PR Ltd                     [phone] 
 Paul Cornelius / Helen Cresswell    [e-mail] 
  / Sam Allen 
 

Tekcapital plc - The World's Largest University Network for Open Innovation

Tekcapital's objective is to create value from investing in new, university-developed intellectual properties and produce returns through capital appreciation. With its proprietary discovery search engine, linked to 4,500+ universities in 160 countries, coupled with expert scientific review, Tekcapital makes it easy to find and acquire the new IP needed to create a competitive advantage. Our IP services include invention discovery reports, search tools, analytics and IP professional recruitment to help universities and companies create value from new discoveries. Tekcapital plc is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com

LEI: 213800GOJTOV19FIFZ85

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December 01, 2017 05:14 ET (10:14 GMT)