Placing done @£2.25 Nov 20155 Jul 2018 12:19
CONDITIONAL PLACING TO RAISE £20.5 MILLION
hVIVO plc (AIM: HVO), the pioneer of human challenge models of disease, announces today that it has raised, subject to certain conditions, £20.5 million (before expenses) by way of a placing of 9,111,111 new Ordinary Shares (the "New Ordinary Shares") with existing institutional shareholders at a price of 225 pence per Ordinary Share.
Â
The Placing Price is at a discount of 11.6 per cent. to the closing middle market price of 254.50 pence per Ordinary Share on 25 November 2015, the latest date prior to this Announcement.