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Last checked at 
22 Mar 2011 10:11
22 March 2011
Avacta Group plc
Issues of Equity
Avacta Group plc (the "Company") announces that 28,500,000 ordinary shares of 0.1p each ("Ordinary Shares") have been issued at a price of 0.25p per share, pursuant to the exercise of share warrants. The warrants were granted during May 2006, prior to the reversal of Avacta Limited into the Company, then named Readybuy plc.
Application has been made for the 28,500,000 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 23 March 2011.
The Company also announces that a further 500,000 Ordinary Shares have been issued at a price of 0.25p per share, pursuant to the exercise of share warrants similarly granted during May 2006. Application has also been made for these 500,000 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 25 March 2011.
The total number of Ordinary Shares, with voting rights, in issue following the above two issues of shares will be 1,664,487,577.
Enquiries:
Avacta Group plc | Tel: 0844 414 0452 |
Alastair Smith, Chief Executive Officer Tim Sykes, Chief Financial Officer | www.avacta.com |
Broker XCAP Securities Limited John Grant/Karen Kelly/David Newton Nominated Adviser Grant Thornton Corporate Finance | Tel: 020 7101 7070 www.xcapgroup.com
Tel: 020 7383 5100 www.grantthornton.co.uk |
Colin Aaronson/David Hignell |
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