Last checked at 1 Aug 2013 11:39
Scancell Holdings plc
("Scancell" or the "Company")
Result of General Meeting
The Board of Scancell announces that all resolutions put to shareholders at the Company's General Meeting held earlier today were duly passed.
Application has been made for a total of 28,888,888 new ordinary shares to be admitted to trading on AIM. Dealing is expected to commence in respect of 22,222,222 new ordinary shares at 08:00 on 2 August 2013 and in respect of 6,666,666 new ordinary shares at 08:00 on 5 August 2013.
In conformity with rule 5.6.1 of Disclosure and Transparency Rules, the Board of the Company notifies the market of the following:
The total number of ordinary shares of 0.1p each in Scancell in issue following the admission of the 28,888,888 new ordinary shares will be 223,358,373 with each share carrying the right to one vote. There are no shares held in Treasury. The total number of voting rights in the Company will following admission of the Offer Shares therefore be 223,358,373. The above figure may be used by shareholders 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, Scancell under the FSA's Disclosure and Transparency Rules.
David Evans, Non-Executive Chairman of Scancell, said: "With funding now secured, we can focus on advancing both of Scancell's cancer immunotherapy platforms to key value inflection points that we believe will further support their future role in the rapidly growing new approach to cancer treatment. We look forward to providing updates on our progress in due course."
For more information, please visit www.scancell.co.uk or contact:
For Further Information: Scancell Holdings Plc David Evans, Non Executive Chairman Dr Richard Goodfellow, Joint CEO
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+44 (0) 7740084452 + 44 (0) 74 2323 0 497
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FTI Consulting: Simon Conway/Mo Noonan | + 44 (0) 20 7831 3113
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Cenkos Securities plc: | +44 (0) 20 7397 8900 | |
Camilla Hume/Stephen Keys | ||
Notes for editors
About Scancell
Scancell is developing novel immunotherapies for the treatment of cancer based on its ImmunoBody® and Moditope™ technology platforms. Scancell's first ImmunoBody®, SCIB1 is being developed for the treatment of melanoma and is in Phase 1/2 clinical trials. Preliminary evidence from Part 1 of the study showing that SCIB1 produced an immune response which might be associated with clinical benefit in patients with malignant melanoma was released in December 2012.
Scancell's ImmunoBody® vaccines target dendritic cells and stimulate both parts of the cellular immune system; the helper cell system where inflammation is stimulated at the tumour site; and the cytotoxic T-lymphocyte or CTL response where immune system cells are primed to recognise and kill specific cells.
Scancell has also identified and patented a series of modified epitopes that stimulate the production of killer CD4 that destroy tumours without toxicity. The Directors believe that the Moditope™ platform could play a major role in the development of safe and effective cancer immunotherapies in the future.