Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAVO.L Regulatory News (AVO)

  • There is currently no data for AVO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Directorate Change

8 Feb 2016 07:01

RNS Number : 3104O
Advanced Oncotherapy PLC
08 February 2016
 

 

ADVANCED ONCOTHERAPY PLC

("Advanced Oncotherapy" or the "Company")

 

Directorate Change

 

Advanced Oncotherapy plc (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, announces that following the continued successful development of the Company's first LIGHT system and the recent industrialisation agreement with Thales, the Board has decided to realign the roles and responsibilities of the Executive team to add additional focus to both operational functions and ongoing sales and business development.

 

As a result, and with immediate effect, Michael Sinclair, currently Executive Chairman, will become Chief Executive Officer and Executive Chairman; Sanjeev Pandya, currently Chief Executive Officer, will become Executive Vice President for Global Business Development and will remain on the Board of the Company. Nicolas Serandour, currently Chief Financial Officer, will become Chief Operating and Financial Officer.

 

Commenting, Sanjeev Pandya, said: "The agreement with Thales marked a shift in the business from just focussing on the development of our first LIGHT system, to the ongoing commercial roll-out of our game-changing technology. The future commercial development of the business will be critical to the long-term success and value creation within the Company and I am delighted to be focussing my skills on global sales for the LIGHT system and general business development."

 

Dr. Michael Sinclair, Chairman and Chief Executive, commented: "We have agreed as a Board that we are now at a stage where we need to apply renewed focus on the development of an ongoing sales pipeline for our LIGHT system outside of our agreement with Sinophi. Sanjeev's skills in this area will be deployed very effectively and I am pleased he has decided to take on this new challenge. Nicolas' additional operational responsibility reflects what has already become a growing part of his role and I am delighted that he will be able to combine this with his careful management of the business's finances. As shareholders know, I have always performed an active executive role as Chairman and I now look forward to continue working with the team as Chief Executive."

 

 

Advanced Oncotherapy Plc

www.avoplc.com

Dr. Michael Sinclair, Chairman & CEO

Tel: +44 20 3617 8728

Sanjeev Pandya, EVP for Global Business Development

 

Nicolas Serandour, COO & CFO

 

 

 

Stockdale Securities (Nomad & Joint Broker)

 

Antonio Bossi / David Coaten

Tel: +44 20 7601 6100

 

 

Beaufort Securities (Joint Broker)

 

Jon Belliss / Elliot Hance

Tel: +44 20 7382 8300

 

 

Walbrook PR (Financial PR & IR)

Tel: +44 20 7933 8780 or avo@walbrookpr.com

Paul McManus / Anna Dunphy

Mob: +44 7980 541 893 / Mob: +44 7876 741 001

   

 

 

 

About Advanced Oncotherapy Plc www.avoplc.com

 

Advanced Oncotherapy is a provider of particle therapy with protons that harnesses the best in modern technology. Advanced Oncotherapy's team "ADAM", based in Geneva, focuses on the development of a proprietary proton accelerator called Linac Image Guided Hadron Technology (LIGHT). LIGHT accelerates protons to the energy levels achieved in legacy machines but in a unit that is a quarter of the size and between a quarter and a fifth of the cost. This compact configuration delivers proton beams in a way that facilitates a greater precision and electronic control which is not achievable with older technologies.

 

Advanced Oncotherapy will offer healthcare providers affordable systems that will enable them to treat cancer with an innovative technology as well as better health outcomes and lower treatment related side effects.

 

The Company has signed a purchase agreement with Sinophi Healthcare Limited for one LIGHT proton therapy system to be installed in a hospital in China and has further Letters of Intent from other healthcare providers.

 

Advanced Oncotherapy continually monitors the market for any emerging improvements in delivering proton therapy and actively seeks working relationships with providers of these innovative technologies. Through these relationships, the Company will remain the prime provider of an innovative and cost-effective system for particle therapy with protons.

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
BOAUGURPPUPQPPM
Date   Source Headline
14th Jul 20157:00 amRNSExercise of Warrants and Issue of Shares
8th Jul 201511:41 amRNSHolding(s) in Company
2nd Jul 20157:00 amRNSCommencement of initial SCDTL testing
1st Jul 20152:08 pmRNSDirector Dealing & Total Voting Rights
29th Jun 201511:08 amRNSResult of AGM
8th Jun 20157:00 amRNSDirector/PDMR Shareholding
4th Jun 20157:00 amRNSDirector/PDMR Shareholding
3rd Jun 20157:00 amRNSFinal Results
26th May 20152:38 pmRNSHolding(s) in Company
20th May 201512:20 pmRNSNotice of Results
19th May 20157:00 amRNSSuccessful RF power testing of the first CCL unit
15th May 20157:00 amRNSExercise of Warrants
11th May 201511:27 amRNSHolding(s) in Company
1st May 20157:00 amRNSPlacing
27th Apr 20157:00 amRNSExercise of Warrants
20th Apr 20157:00 amRNSStmnt re Share Price Movement
9th Apr 20155:42 pmRNSHolding(s) in Company
8th Apr 20157:00 amRNSExercise of Warrants
2nd Apr 201512:48 pmRNSUpdate on ScandiNova collaboration
25th Mar 20157:00 amRNSFirst commercial sale of LIGHT machine in China
12th Mar 20157:00 amRNSLoan agreement
2nd Mar 20157:00 amRNSSale of Southampton property
19th Feb 20157:00 amRNSExercise of warrants and conversion of debt
5th Feb 20157:00 amRNSDirector/PDMR Shareholding
4th Feb 20158:52 amRNSCorrection - Director/PDMR Shareholding
4th Feb 20157:00 amRNSDirector/PDMR Shareholding
28th Jan 20157:00 amRNSLondon Harley Street Proton Therapy Centre
26th Jan 20157:00 amRNSManufacturing of CCL module complete
20th Jan 20157:00 amRNSEstablishment of CERN Scientific Review Board
12th Jan 20157:00 amRNSSupply agreement with Pyramid
2nd Dec 20147:00 amRNSExclusivity agreement signed
25th Nov 20147:00 amRNSManufacturing Agreement for CCL
18th Nov 20147:00 amRNSInvestor Presentation
4th Nov 20142:54 pmRNSHolding(s) in Company
30th Oct 20147:00 amRNSInvestor Presentation
27th Oct 20147:00 amRNSJoint MOU with TECHNA Institute and TERA
20th Oct 20146:29 pmRNSCorrection: Director Dealing
20th Oct 201410:17 amRNSDirector Dealing
17th Oct 20147:00 amRNSConversion of Loans
9th Oct 20147:00 amRNSDirectorate Change
3rd Oct 20145:51 pmRNSHolding(s) in Company
3rd Oct 20147:00 amRNSDirector share purchase & Issue of Equity
1st Oct 20142:21 pmRNSAward of Options and Director Dealing
29th Sep 20147:00 amRNSHalf Yearly Report
25th Sep 20144:00 pmRNSExercise of Warrants
18th Sep 20143:17 pmRNSHolding(s) in Company
10th Sep 20147:00 amRNSIssue of Equity
4th Sep 201410:26 amRNSHolding(s) in Company
27th Aug 20147:00 amRNSAppointment of Nicolas Serandour
14th Aug 20147:00 amRNSStrategic Partnership with Toshiba

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.