Member Info for D-Geeman

I didn't go for the 'pay' option (when introduced so I no longer receive push notifications ) but I still find the V O X M arkets app very useful. Around 7.05 / 7.10am each morning I tap 'RNS' and they are all there, waiting to be read. AVCT's was there today, just a few minutes after 7am. The email from London Stock Exchange arrived at 7.41am.

Because I don't pay then I am reliant through the day on email alerts which I don't always pick up on.

I hope people have copied their questions this time.

'Not long... resident trolls will vanish into thin air'

You won't be missed W2.

PL75; never been right about anything if my memory serves me but has learned an uncanny style of aggressive posting from a difficult upbringing - presumably.

Good luck proceeding on the P3 trial touk.

Maybe was a blip.. +4.91%

+5.66%

'as well as reviewing the terms of the Company's unsecured convertible bond'

Which is I guess what is being done on this board right now, reviewing the terms... Looking for ways out. Doesn't mean 'way-out early' exists. 'RNS speak' for you.

Thanks Aimhunter, seems you are more reliable than Wilson's Bot..

APPENDIX II - SUMMARY OF PRINCIPAL TERMS FOR THE CONVERTIBLE BONDS

Bonds:

Senior, unsecured convertible bonds, due October 2027; issued at 95% of the principal amount and redeemed at par

Issue subject to (a) successful completion of the Placing and the Management Subscription resulting in no less than £5.0 million gross proceeds to the Company and (b) other customary conditions contained in the Bond Agreement

Denominated and issued in GBP

Issuer:

Addition Finance (Jersey) Limited

Guarantor:

Avacta Group plc

Convertible Bond Aggregate Principal Amount:

£55 million

Coupon:

6.50 per cent. per annum, payable quarterly in arrear, in cash or Ordinary Shares at the option of the Company

Amortisation:

5.00 per cent. of the Convertible Bond Aggregate Principal Amount each quarter payable quarterly, in cash at 100% of the nominal amount or new Ordinary Shares at the option of the Company

Conversion Right:

At any time after issuance at the option of the Convertible Bond Investor into preference shares of the Issuer, automatically exchanged for Ordinary Shares

Conversion:

Initial Conversion Price: 25 per cent. premium to the Offer Price

Reset Conversion Price: The conversion price may be reset down at the date falling 18 months after the Closing Date (as defined in Appendix III) (the "Reset Date") to the price per Ordinary Share equal to the higher of (x) the Offer Price and (y) the then current market price of the Ordinary Shares (determined by a 15-trading day volume weighted average price ("VWAP") of the Ordinary Shares prior to the day immediately preceding the Reset Date) if such price is lower than the then prevailing conversion price

Reset Clawback: Following a downward reset, the Company has the right to reset the conversion price back upwards to the previous conversion price if the daily VWAP of the Ordinary Shares on each of at least 20 trading days in any period of 30 consecutive trading days is greater than 130 per cent. of the Initial Conversion Price at any time during the 9 month period following the Reset Date

The Convertible Bonds will be convertible into preference shares of the Issuer, which, subject to the Company electing to satisfy the exercise of the Conversion Right by payment of cash, will be automatically exchanged for Ordinary Shares

Anti-dilution protection:

Standard UK market terms

Non-trading Agreement:

Convertible Bond Investor agrees not to sell Ordinary Shares (or any interest in them) nor engage in any short sale transactions in Ordinary Shares (or any interest in them) of the Company during any relevant calculation period, subject to certain exceptions

Share Payments:

For any interest and amortisation payments made in Ordinary Shares (which shall be subject to certain conditions including no potential event of default having occurred and maintenance of a minimum free float), the Ordinary Shares to be delivered shall be calculated by dividing the interest or amortisation amount due by the lower of (a) the prevailing conversion price, in each case on the applicable repayment date and (b) 90 per cent. of the Market Price per Ordinary Share (as defined below)

The "Market Price" is the lower of the arithmetic average of the VWAP for the Ordinary Shares: (i) on the ten (10) trading days, ending on the applicable date or (ii) on the five (5) trading days, ending on the applicable date, but in no event shall it be greater than the VWAP of the Ordinary Shares on the applicable date

Optional Redemption upon a Fundamental Change Event:

Redemption at Bondholder option (principal + accrued interest) in the event of: change of control; de-listing (or Suspension > 10 consecutive trading days); or free float ≤20% for 20 consecutive business days

Covenants:

Negative pledge, with limited exceptions

Certain restrictions on the incurrence of financial indebtedness of the Guarantor and its subsidiaries

Calculation Agent:

Conv-Ex Advisors Limited

Listing:

On a recognised stock exchange or a "multilateral trading facility", prior to the first Interest Payment Date

Form:

Registered, certificated form

Selling and Transfer Restrictions:

No person shall, without the consent of the Jersey Financial Services Commission ("JFSC"), circulate in Jersey any offer for subscription, sale or exchange of the Convertible Bonds

The Issuer shall not permit there to be more than 10 bondholders on the register of bondholders at any one time without obtaining the prior consent of the JFSC (if required)

Thank you GMCC

Has anyone on here read the agreement with Heights I wonder. Can it be renegotiated? I would expect that if one borrows money on favourable terms to the lender then the lender is pithing their rights to stick to their terms even if the client, the borrower, wins the lottery. It's a loan not an overdraft.

On my second car I had a loan. Work was going well so, a year early, I tried to pay back what I felt was outstanding, so no more interest charges for me. They said I could but it would only save me £20. So I earned interest on the money (in my deposit account ) instead and kept the loan. Different scales but probably the same rules.

'I have you on a piece of string'

No, you just can't spell, have poor grammar, omit words, have zero insight – and like to waste people's time generally.

Do you post like a moron on purpose Watching2? Or can't you help it...

'Amigoes'

Spanish amigos, plural of amigo.

'If the rumours Are true ' – What rumours?

'Close the behind you muppet' – Close what??

'Are you Chinese' Are you prejudiced towards Chinese (as well as Indian) people?

The problem is that even if you somehow came out with 'sound' info one day, no one would take it remotely seriously. Even the people who do Rec you only do so as you're broadly on their rampy side.

On another subject and everyone reading this morning must have had the thought, feeling the need to put out 'There is no impact to Avacta's financial position and cash runway' shows they do know it's all getting a bit uncomfortable.

'Other than geeman who's locked in wynbores cupboard suffering from Stockholm syndrome'

That did raise a chuckle!

(I had been about to question the 'Clowness' of expecting the SP to rise from here. I thought that's what people want?)

'whatever magnitude of windfall might result'

Well, he's not sitting on the fence with that statement. How-come someone can write that and be unchallenged? It's not the windfall that's in doubt, only the magnitude. Anyway, good luck to him and good luck to us all..

Maybe people who've been silent for a while includes Ray Thirtle. Haven't heard from him for years...

I never took him for one with inside info..

Off-topic but I hope Malta is good BV. Have you managed to see the Spitfire (or the 100 Ton gun)?

'Without insider information, one should decide and be either in or out. That also might explain why some with insight behind the publicly available information tend to keep silent the closer the culmination point gets. '

So it seems that the author doesn't have any inside info (though he implies he knows people who do, otherwise how would he know why they are silent?) just posting based on a gut feeling, which anyone can have.

Another share I'm in (on the Nasdaq) is currently up 16% in 90 minutes of opening on an interview given by lead scientist. Not trial results, just an interview regarding one single patient. Why can't CC organise something similar on what they already have?

Fri, May 23, 2025, 1:00 PM 4 min read

In This Article:

TLSA

+18.98%

Tiziana Life Sciences Ltd.

Tiziana Life Sciences Ltd.

NEW YORK, May 23, 2025 (GLOBE NEWSWIRE) -- Tiziana Life Sciences, Ltd. (Nasdaq: TLSA) (“Tiziana” or the “Company”), a biotechnology company developing breakthrough immunomodulation therapies with its lead development candidate, intranasal foralumab, a fully human, anti-CD3 monoclonal antibody, today announced advancements in moderate Alzheimer's disease treatment, showcased in a recent feature on a national public radio station across the United States. The advancement involves the use of Tiziana’s novel nasal spray, foralumab, which is designed to combat brain inflammation, marking a step forward in moderate Alzheimer's research and treatment.

In the exclusive interview, Dr. Howard Weiner shared promising results from the first patient, Joe Walsh, who received the treatment. Mr. Walsh, accompanied by his wife Karen, underwent a transformative experience at Brigham and Women's Hospital, Boston, MA, where he received a monoclonal antibody via nasal administration. Intranasal foralumab, targets immune cells in the brain to mitigate inflammation, a key contributor to Alzheimer's progression.

"I've never seen anything like this, and we've tried a lot of things. So I think this is something special," stated Dr. Howard Weiner. "The reduction in brain inflammation observed in Joe Walsh represents a significant step forward in our understanding and treatment of Alzheimer's disease. We are witnessing remarkable progress with foralumab."

Karen Walsh, Joe's wife and steadfast supporter, recounted their journey from diagnosis to participation in the clinical trial. "It's been a rollercoaster," she shared. "Since Joe started the treatment, we've noticed him becoming more engaged and enjoying social activities again."

The full interview can be accessed here: https://www.tizianalifesciences.com/interview-aired-nationwide-highlighting-intranasal-foralumab-treating-moderate-alzheimers-disease/

I mentioned another share I'm in last night, but not the name. It's Ilika. They announced a raise yesterday after market closed, not a big one and explained why, Directors buying too. Retail Offer at a small discount which will probably be oversubscribed.

Got it all away nicely today and sp is UP 7.58% at close.

That's the kind of justification why I think AVCT should raise now rather than when they are running on empty.

Touk, would you buy in an Avacta retail offer? I would.