TIDMAMP

RNS Number : 3062Q

Amphion Innovations PLC

18 October 2019

AMPHION INNOVATIONS PLC

("Amphion" or "the Company")

Settlement of Loan Facility

London and New York, 18 October 2019 - Amphion Innovations plc (AIM: AMP), the developer of medical, life science, and technology businesses, announces that further to the sale of Amphion's total holding of 15,972,523 shares in Polarean Imaging plc ("Polarean") which was announced on 11 October 2019 ("Sale"), the Lender of the Facility has subsequently confirmed to Amphion that the total net proceeds arising from the Sale were US $2.6 million. The Lender has also confirmed that in accordance with the terms of the Facility, substantially all of the net Sale proceeds were applied by the Lender to repayment of the Facility and following the Sale, the loan Facility has been settled and there are no outstanding obligations to the Lender.

Amphion remains highly cash constrained. Further to the Company's announcement on 27 June 2019, the Company's shares remaining suspended from trading on AIM.

Other than as defined above, capitalised terms are as set out in the Company's announcement dated 11 October 2019.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

For further information please contact:

 
 Amphion Innovations                                            Tel: +1 (212) 210 6224 
 Charlie Morgan 
 
 Panmure Gordon Limited (Nominated Adviser                              Tel: +44 (0)20 
  and Corporate Broker)                                                      7886 2500 
 Emma Earl/ Freddy Crossley (Corporate 
  Finance) 
 Charles Leigh-Pemberton (Corporate 
  Broking) 
 
 SP Angel Corporate Finance LLP (Joint Corporate                       Tel: +44 (0) 20 
  Broker)                                                                    3470 0470 
 David Hignell (Corporate Finance) 
 Vadim Alexandre (Corporate Broking) 
 
 Walbrook PR                        Tel: +44 (0)20 7933 8780 or amphion@walbrookpr.com 
 Anna Dunphy / Paul 
  McManus 
 
 
 

About Amphion Innovations plc

Amphion Innovations is a developer of medical, life science and technology businesses.

We use our extensive experience in company building to invest and build shareholder value in high growth companies in the US and UK. Amphion has significant shareholding in a few Partner Companies developing proven technologies targeting substantial commercial marketplaces. The Amphion model has been refined to optimise the commercialisation of patents and other intellectual property within the Partner Companies.

On the web: www.amphionplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCBRBDGSBBBGCR

(END) Dow Jones Newswires

October 18, 2019 02:00 ET (06:00 GMT)

Amphion Innovations (LSE:AMP)
Gráfica de Acción Histórica
De Ago 2020 a Sep 2020 Haga Click aquí para más Gráficas Amphion Innovations.
Amphion Innovations (LSE:AMP)
Gráfica de Acción Histórica
De Sep 2019 a Sep 2020 Haga Click aquí para más Gráficas Amphion Innovations.