Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDraganfly Investments Regulatory News (DRG)

  • There is currently no data for DRG

Net Asset Value and Investment

20 Mar 2013 14:27

RNS Number : 4793A
Draganfly Investments Ltd
20 March 2013
 

Draganfly Investments Limited

("Draganfly" or the "Company")

 

Net Asset Value

 

The Company's unaudited Net Asset Value as at 28 February 2013 was £592,500.46 resulting in a Net Asset Value per ordinary share of 0.47p.

 

Investment in Atlantic Healthcare Limited ("Atlantic Healthcare")

 

Draganfly has an existing investment in Atlantic Healthcare and notes that Atlantic Healthcare has recently completed a fundraising in March 2013. On a proforma basis, Draganfly's revalued investment in Atlantic Healthcare would increase the Company's unaudited net assets by approximately £295,000 or 0.23p per share.

 

As a consequence the net asset value of Draganfly is expected to materially increase when it is next published for 31 March 2013.

 

Subsequent to the recent fundraising, Atlantic Healthcare has also announced that it has been awarded £1.9 million by the Technology Strategy Board (on behalf of the UK Government) having been drawn from the Biomedical Catalyst Fund. Awards are granted to applicants demonstrating significant commercial and scientific potential, which reinforces Draganfly's confidence in the progress made by Atlantic Healthcare to date.

 

The award will specifically contribute to the development cost of alicaforsen's forthcoming US/EU Phase 3 clinical study in pouchitis. Atlantic Healthcare reports that alicaforsen, an anti-inflammatory, intercellular adhesion molecule inhibitor, has been granted orphan designation in Europe and the United States for treatment of this disease, reflecting the fact that alicaforsen addresses an area of unmet medical need.

 

 Further information about Atlantic Healthcare can be found at www.atlantichc.com with details of the press release at http://www.atlantichc.com/newsdocs/TSB.pdf

 

For further information please contact:

 

T Edward G Bayman

+44 (0) 1534 787898

Dennis Edmonds

+44 (0) 7796 338 372

Ed Frisby/Rose Herbert

FinnCap (Nominated Adviser)

+44 (0)20 7220 0500

 

 

………………………………………….

Jamie Hamilton

Director

Draganfly Investments Limited

 

20 March 2013

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NAVJMMITMBTTBIJ
Date   Source Headline
8th Aug 20184:05 pmRNSNet Asset Value
25th Jul 20189:19 amRNSRelated Party Transaction - CLN of £60,000
12th Jul 20182:00 pmRNSChange of Adviser
1st Jun 20183:16 pmRNSTransaction Update
3rd May 20183:23 pmRNSNet Asset Value(s)
22nd Mar 20188:10 amRNSTransaction Update
22nd Mar 20187:30 amRNSSuspension - Draganfly Investments Limited
12th Mar 20187:00 amRNSFundraising
5th Mar 20184:20 pmRNSAppointment of Broker
2nd Feb 20183:58 pmRNSNet Asset Value(s)
13th Dec 20175:07 pmRNSHalf-year Report
24th Nov 201712:56 pmRNSResult of AGM
7th Nov 20175:11 pmRNSNet Asset Value(s)
3rd Nov 20175:16 pmRNSHolding(s) in Company
27th Oct 20177:00 amRNSFinal Results
23rd Oct 201710:37 amRNSHolding(s) in Company
21st Aug 20179:08 amRNSDirectors' Disclosures
9th Aug 20174:38 pmRNSNet Asset Value(s)
3rd Aug 20177:00 amRNSBoard Appointment
31st May 201710:25 amRNSGrant of Options
30th May 20174:02 pmRNSBoard Appointment
24th May 20178:30 amRNSHolding(s) in Company
23rd May 20171:04 pmRNSNet Asset Value(s)
8th May 20179:11 amRNSFundraising
12th Apr 201711:06 amRNSResult of EGM
21st Mar 20172:10 pmRNSUpdate and Notice of EGM
17th Feb 201711:03 amRNSNet Asset Value(s)
31st Jan 201711:51 amRNSInterim Results
23rd Nov 20163:36 pmRNSResult of AGM
7th Nov 20169:35 amRNSNet Asset Value(s)
28th Oct 20165:01 pmRNSNotice of AGM
26th Oct 20167:00 amRNSAnnual Results
7th Oct 20167:00 amRNSLoan agreement
23rd Sep 20164:37 pmRNSNet Asset Value(s)
22nd Sep 20164:00 pmRNSFundraise
19th Jul 201612:20 pmRNSHolding(s) in Company
14th Jul 201612:20 pmRNSGM Result and Fundraise Update
27th Jun 20168:37 amRNSNet Asset Value(s)
24th Jun 20167:00 amRNSNotice of GM
18th Mar 20163:50 pmRNSReplacement - Appointment of Broker
18th Mar 20161:02 pmRNSAppointment of Broker
5th Feb 20161:11 pmRNSNet Asset Value(s)
29th Jan 20162:29 pmRNSInterim Results
27th Nov 201511:48 amRNSResult of AGM
11th Nov 20157:00 amRNSNotice of AGM
6th Nov 201510:16 amRNSNet Asset Value(s)
30th Oct 20157:00 amRNSFinal Results
6th Aug 20152:58 pmRNSNet Asset Value(s)
15th Jul 20157:00 amRNSInvestment Manager
5th May 20153:07 pmRNSNet Asset Value(s)

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.