AMP.L Regulatory News (AMP)

9 Aug 2006 13:43

Amphion Innovations PLC09 August 2006 Amphion Innovations Placing raising £1,032,800 NEW YORK - August 9, 2006 - Amphion Innovations plc (LSE:AMP; "Amphion"), aleading developer and operator of companies in the life sciences and medicaltechnology sectors, today announces that it has successfully raised £1,032,800(before expenses). Under the terms of the placing, the Company has issued 3,972,307 new ordinaryshares at 26 pence per share (the "Placing Shares"). The net proceeds from the placing will be used to invest in new and identifiedopportunities Application will be made for the Placing Shares to be admitted to trading onAIM. It is expected that admission will occur at 8.00 a.m. on 15 August. ThePlacing Shares will rank pari passu in all respects with the existing OrdinaryShares which are currently traded on AIM. Following admission the total numberof shares in issue will be 97,611,762 "We have made tremendous progress this year, and this further financing willhelp us to continue the successful development of our partner companies," saidRichard C. Morgan, CEO of Amphion. "These companies are at the leading edge ofinnovation as they address important market needs in life sciences andinformation technology ." Amphion Innovations plcJosh Berkman, Media Relations +1 (646) 747-7158 Financial Dynamics +44 207 269 7169Ben AtwellJohn Gilbert Hanson Westhouse LLP +44 207 601 6100Tim Metcalfe About Amphion Innovations plc Amphion Innovations plc is listed on the AIM Exchange in London under the symbolAMP. Amphion's business is the formation, financing, management and developmentof life sciences and technology companies, working in partnership withcorporations, governments, universities and entrepreneurs seeking tocommercialize their intellectual property. This information is provided by RNS The company news service from the London Stock Exchange