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2011 AGM Statement

6 Oct 2011 07:00

RNS Number : 6591P
Angle PLC
06 October 2011
 



For immediate release

6 October 2011

 

ANGLE plc ("the Company")

 

2011 AGM Statement

 

 

ANGLE plc (AIM : AGL) ("ANGLE" or "the Company") will hold its 2011 Annual General Meeting today at 2:00pm at ANGLE's offices, 3 Frederick Sanger Road, Surrey Research Park, Guildford, Surrey, GU2 7YD.

 

Garth Selvey, ANGLE's Chairman, will make the following statement:

 

"I am delighted with the progress made during the year set out in our preliminary results for the year to 30 April 2011.

 

Since the announcement of those results, we have made excellent progress with Parsortix, our portfolio company specialising in cancer diagnostics, which was the catalyst for our successful £1.25 million fundraising in July supported by existing and new investors.

 

Last week ANGLE achieved a major milestone by validating that Parsortix's patented cell separation device can capture cancer cells added to blood. This breakthrough opens up a large market opportunity for Parsortix with the potential for early revenues through the launch of a research use tool targeted for mid 2012. We are also targeting FDA approval and a European CE Mark by mid 2013 to enable launch of the device for a number of different clinical applications.

 

Yesterday we announced that, following the success in validating that Parsortix's cell separation device can capture cancer cells added to blood, ANGLE has increased its holding in Parsortix to 90% and has agreed an ongoing mechanism for investment by ANGLE, which will gradually increase ANGLE's holding further as funds are deployed in Parsortix.

 

This leaves ANGLE in the enviable position of having a diversified business model, with a number of potential streams of income and opportunities for substantial returns.

 

I would again like to thank ANGLE's team, our partners and shareholders for their ongoing support and we look forward to achieving further value enhancing milestones over the next year.

 

Finally, in light of the market's positive reaction to the significant developments at Parsortix and investor requests to understand more about the Parsortix's patented cell separation device, ANGLE announced on Tuesday 4 October that it would be holding an investor webcast tomorrow Friday 7 October at 9:00am (BST)."

 

 

Webcast and Dial-in Details

 

Please log on 10 minutes before the start of the webcast (8:50am). The address is:

http://mediaserve.buchanan.uk.com/2011/angle071011/registration.asp

 

Once registered, there will be an option during the presentation to send a question to ANGLE's management. To use the dial-in facility please call: +44 (0)20 3059 5702. The Participant Pass code is: 223399.

 

A recording of the webcast will also be made available on ANGLE's website.

 

 

 

 

For further information:

 

ANGLE plc

01483 685830

Andrew Newland, Chief Executive

Ian Griffiths, Finance Director

 

Collins Stewart Europe Limited

Matt Goode

 

0207 523 8350

Buchanan

Lisa Baderoon

 

020 7466 5000

Scott Harris

Stephen Scott, James O'Shaughnessy, Harry Dee

0207 653 0030

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGMDMMGGRKGGMZM
Date   Source Headline
24th Feb 20147:00 amRNSUse of Parsortix System with Liver Cancer Patients
18th Feb 20147:00 amRNSParsortix Launch at Circulate Conference in Berlin
30th Jan 20147:00 amRNSInterim Results
13th Jan 20147:00 amRNSCambridge Parsortix Laboratory
10th Jan 20147:00 amRNSNotification of Interim Results and Webcast
7th Jan 20147:00 amRNSAppointment of Scientific Adviser
17th Dec 20137:00 amRNSCE Mark Authorisation
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31st Oct 20133:31 pmRNSResult of 2013 Annual General Meeting
9th Oct 20137:00 amRNSAnnual Report and Accounts and Notice of AGM
31st Jul 20137:00 amRNSPreliminary Results
25th Jul 20137:00 amRNSPositive Evaluation of Parsortix System
19th Jul 20137:00 amRNSNotification of Preliminary Results and Webcast
8th Jul 20137:00 amRNSParsortix Colorectal Cancer Validation
29th May 20137:00 amRNSDirector's Share Transfer
28th May 20137:00 amRNSParsortix Manufacturer Appointed
13th May 20137:00 amRNSPARSORTIX CELL HARVESTING
7th May 20137:00 amRNSParsortix Regulatory Approval Update
28th Feb 20137:00 amRNSParsortix Research Product Launch
15th Feb 201310:56 amRNSDirector's share transfer
31st Jan 20137:01 amRNSFundraising and Director's Dealings
31st Jan 20137:00 amRNSInterim Results
16th Jan 20137:00 amRNSNotification of Interim Results and Webcast
14th Jan 20137:00 amRNSParsortix Cell Recovery
7th Jan 20137:00 amRNSAppointment of NED
18th Dec 20127:00 amRNSParsortix Released to Research Partners
10th Dec 20127:00 amRNSBUSINESS UPDATE
18th Oct 20127:00 amRNSAppointment of Scientific Advisers
17th Oct 20123:45 pmRNSHolding(s) in the Company
11th Oct 20123:39 pmRNSResult of 2012 Annual General Meeting
3rd Sep 20127:00 amRNSIncreased Fundraising
1st Aug 20127:00 amRNSIncreased Fundraising
26th Jul 20127:01 amRNSFundraising
26th Jul 20127:00 amRNSPreliminary Results
24th Jul 20127:00 amRNSNotice of Preliminary Results and Conference Call
27th Jun 20127:00 amRNSOffer Unconditional for Novocellus' Partner Origio
7th Jun 20127:00 amRNSUpdate Re Novocellus' Partner ORIGIO A/S
16th May 20127:00 amRNSGeomerics Milestone Payment
30th Apr 20127:00 amRNSParsortix Design Breakthrough
26th Apr 20127:00 amRNSLaunches New Corporate Website
23rd Apr 20127:00 amRNSParsortix Update for Breast Cancer
17th Apr 20127:00 amRNSParsortix Validation for Ovarian Cancer
11th Apr 20127:00 amRNSNovocellus Embryosure® Trial Started
26th Mar 20127:00 amRNSGeomerics Update
15th Mar 20127:00 amRNSParsortix Validation for Colon Cancer
7th Mar 20128:00 amRNSHolding(s) in the Company
28th Feb 201212:00 pmRNSDirector Share Transfer
28th Feb 20128:00 amRNSTotal Voting Rights
27th Feb 20127:00 amRNSParsortix Research Partnership
22nd Feb 20127:00 amRNSSecond Novocellus Patent

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