21 Dec 2018 10:15
ADVANCED ONCOTHERAPY PLC
("Advanced Oncotherapy" or the "Company")
Launch of 2018 SAYE Scheme
Advanced Oncotherapy (AIM: AVO), the developer of a next-generation proton therapy system for cancer treatment, announces that it has invited employees to participate in the Company's 2018 SAYE Option Plan which was approved at the AGM in July 2018. This SAYE scheme is open to all employees with more than one month's service. Pursuant to this SAYE Option Plan, participants can make monthly contributions of up to £500 on a three-year savings account.
At the end of this three-year period, employees will have the option to acquire Ordinary Shares of 25 pence each ('Ordinary Shares') in the Company at 40 pence which is the same price as at the fund raise announced today, subject to the rules of the Scheme. The options will be exercisable for up to 6 months after the 3-year period has ended.
Advanced Oncotherapy Plc | www.avoplc.com |
Dr. Michael Sinclair, Executive Chairman | Tel: +44 20 3617 8728 |
Nicolas Serandour, CEO | |
Stockdale Securities (Nomad & Joint Broker) | |
Antonio Bossi / Edward Thomas | Tel: +44 20 7601 6100 |
Stifel Nicolaus Europe (Joint Broker) | |
Jonathan Senior / Ben Maddison | Tel: +44 20 7710 7600 |
Walbrook PR (Financial PR & IR) | Tel: +44 20 7933 8780 or avo@walbrookpr.com |
Anna Dunphy / Paul McManus | Mob: +44 7876 741 001 / +44 7980 541 893 |
About Advanced Oncotherapy Plc www.avoplc.com
Advanced Oncotherapy is a provider of particle therapy in the treatment of cancer, which harnesses the very best in modern technology. Advanced Oncotherapy's R&D team, ADAM, in Geneva, focuses on the development of a proprietary proton accelerator - LIGHT (Linac Image Guided Hadron Technology). LIGHT accelerates protons to the energy levels achieved in legacy machines but in a compact and truly modular unit, offering significant cost advantages. LIGHT also delivers proton beams in a way that facilitates greater precision and electronic control, which are not achievable with currently available alternative technologies.
Advanced Oncotherapy will offer healthcare providers affordable systems that will enable them to treat cancer with an innovative technology, offering better health outcomes and lower treatment related side effects.
Advanced Oncotherapy continually monitors the market for any emerging improvements in delivering proton or particle therapy and actively seeks working relationships with providers of these innovative technologies. Through these relationships, the Company will remain the prime provider of cutting edge, cost-effective systems for particle therapy.