28 Jul 2016 07:00
Horizon Discovery Group Issue of Equity
Cambridge, UK, 28 July 2016: Horizon Discovery Group plc (LSE: HZD) ("Horizon" or the "Company"), the world leader in the application of gene editing technologies, today announces that, further to the announcement made on 8 January 2015, the conditions for the issue of additional new ordinary shares of 1p each in the Company to former shareholders of Haplogen Genomics GmbH ("Haplogen") pursuant to a Sale and Purchase Agreement dated 7 January 2015 (the "Sale and Purchase Agreement") have been satisfied.
Horizon has approved the allotment and issue of 842,128 new ordinary shares of 1p each in the Company (the "First Earn-Out Shares") to the former shareholders of Haplogen under the Sale and Purchase Agreement, and an application has been made for the admission to trading on AIM of the First Earn Out Shares ("Admission"). Admission is expected to take place on or about 2 August 2016. The First Earn Out Shares will rank pari passu in all respects with Horizon's existing shares in issue.
Following Admission, the Company's enlarged issued share capital will comprise 95,026,918 Ordinary Shares with one voting right per share. No shares are held in Treasury. The total number of voting rights in the Company is therefore 95,026,918. This figure of 95,026,918 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
ENDS
For further information from Horizon Discovery Group plc, please contact:
Horizon Discovery Group plc
Chris Claxton, VP Investor Relations & Corporate Communication
Tel: +44 (0)1223 655 580
Numis Securities Limited (Joint Broker and NOMAD)
Michael Meade / Freddie Barnfield
Tel: +44 (0) 207 260 1000
Zyme Communications (Trade and Regional Media)
Katie Odgaard
Tel: +44 (0)7787 502 947
Email: katie.odgaard@zymecommunications.com
Consilium Strategic Communications (Financial Media and Investor Relations)
Mary-Jane Elliott, Susan Stuart, Matthew Neal, Melissa Gardiner
Tel: +44 (0) 20 3709 5701
Email: horizon@consilium-comms.com
About Horizon Discovery Group plc www.horizondiscovery.com/
Horizon Discovery Group plc (LSE: HZD) ("Horizon"), is a world-leading gene editing company that designs and engineers genetically-modified cells and then applies them in research and clinical applications that advance human health.
Horizon's core capabilities are built around its proprietary translational genomics platform, a highly precise and flexible suite of gene editing tools (rAAV, ZFN and CRISPR) able to alter almost any gene sequence in human or mammalian cell-lines.
Horizon offers over 23,000 catalogue products and related research services, almost all of which are based on the generation and application of cell and animal models that accurately recapitulate the disease-causing genetic anomalies found in diseases like cancer. Horizon's commercial offering has been adopted by c. 1,400 unique research organizations in over 50 countries as well as in the Company's own R&D pipeline to support a greater understanding of the genetic drivers of disease and the development of molecular, cell and gene therapies that can be prescribed on a personalized basis.
Horizon is headquartered in Cambridge, UK, and is listed on the London Stock Exchange's AIM market under the ticker "HZD".