23 Sep 2009 09:54
23 September 2009
PROVEXIS PLC
("Provexis" or the "Company")
Share price movement
Provexis plc notes the recent share price movement and announces that it is in discussions with certain institutional investors and high net worth individuals regarding a potential subscription of new ordinary shares to raise approximately £5 million ("Subscription") at a significant discount to the current share price. If the Subscription were to proceed, the Board intends as soon as reasonably practicable to undertake an open offer or an offer for subscription to be made available to all shareholders to subscribe for new shares in the Company at the same price as the Subscription, subject to prevailing market conditions. There is no guarantee that the Subscription will proceed. The Company will make a further announcement in due course.
ENQUIRIES
Provexis plc Tel.01753 752 290
Stephen Moon, CEO
Ian Ford, FD
Arbuthnot Tel.020 7012 2000
Tom Griffiths
Alasdair Younie
END
Provexis (PXS)