Hmmm...Interesting...10 Jul 2014 09:21
FIRST DAY OF DEALINGS ON AIM
10 July 2014
London, UK - Abzena plc ("Abzena", the "Group" or the "Company"), a revenue-generating life sciences company providing services and technologies that enable the development of better biopharmaceutical products, is pleased to announce the Admission of its ordinary shares to trading on the AIM market of the London Stock Exchange; trading of these shares will commence at 8.00am today under the ticker "ABZA" (ISIN number GB00BN65QN46).
In conjunction with its Admission to AIM, Abzena raised GBP20 million (before expenses) by way of a placing of 25,000,000 new ordinary shares at 80 pence per share (the "Placing Price"). 3,398,750 existing ordinary shares were also sold at the Placing Price.
Cenkos Securities plc is acting as nominated adviser and broker to the Company.
John Burt, CEO of Abzena said: "We are delighted to have completed our IPO. We are confident that the business we have created for enabling our customers and partners to develop better biopharmaceuticals will thrive as pharmaceutical companies increasingly seek external expertise to advance their programmes. We believe that Abzena is well positioned to capitalise on this demand and we're excited about the opportunity to grow and develop the business, and to deliver value to all our stakeholders."
Admission Statistics
Placing Price 80 pence per
share
Number of Existing Ordinary Shares in issue on
Admission immediately prior to issue of New Ordinary
Shares* 72,428,858
Number of New Ordinary Shares being issued pursuant
to the Placing 25,000,000
Number of Vendor Ordinary Shares being sold pursuant
to the Placing 3,398,750
Number of Ordinary Shares in issue immediately
following Admission 97,428,858
Percentage of Enlarged Share Capital represented 25.7 per cent.
by the New
Ordinary Shares issued pursuant to the Placing
Market capitalisation of the Company at the Placing GBP77,943,086
Price immediately following Admission GBP20,000,000
Gross proceeds of the Placing receivable by the
Company
Estimated net proceeds of the Placing receivable GBP18,570,000
by the Company
Gross proceeds of the Placing receivable by the GBP2,719,000
Vendors
* Includes the Option Exercise Shares and Warrant Exercise Shares
For more information, please contact:
John Burt (Chief Executive Officer; john.burt@abzena.com)
Julian Smith (Chief Financial Officer; julian.smith@abzena.com)
Abzena plc
Tel: +44 (0)1223 903351
Christopher Golden and Bobbie Hilliam, C