Provexis PLC Placing of new ordinary shares to raise £0.301m (4315W)
11 Diciembre 2019 - 1:00AM
UK Regulatory
TIDMPXS
RNS Number : 4315W
Provexis PLC
11 December 2019
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ('MAR'). With the publication of this announcement,
this information is now considered to be in the public domain.
11 December 2019
Provexis plc
('Provexis' or the 'Company')
Placing of new ordinary shares to raise GBP0.301 million
Provexis, the business that develops, licenses and sells the
proprietary, scientifically-proven Fruitflow(R) heart-health
functional food ingredient, is pleased to announce it has raised a
gross GBP301,333 via a placing (the 'Placing'), conditional on
admission to trading on AIM, of 75,333,333 new ordinary shares of
0.1p each (the 'New Provexis Shares') with new and existing
investors.
The New Provexis Shares will be issued at a price of 0.40p per
share (the 'Placing Price'), and rank pari passu in all respects
with the existing ordinary shares of 0.1p each in Provexis. No
commissions or expenses will be payable on the issue of the New
Provexis Shares. The proceeds of the Placing will be used for
general working capital requirements.
The Placing Price represents a discount of 11.1 per cent. to the
closing mid-market price per Ordinary Share on 10 December 2019,
being the latest practicable date prior to this announcement.
Application will be made to the London Stock Exchange for the
New Provexis Shares to be admitted to trading on AIM. It is
expected that the admission will become effective and that trading
in the New Provexis Shares will commence on or around 17 December
2019 ('Admission').
Following Admission, the Company's enlarged issued share capital
will comprise 2,059,321,507 ordinary shares with voting rights. The
Company does not hold any shares in treasury. This figure of
2,059,321,507 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 in their interest in, the share capital of the Company under
the FCA's Disclosure Guidance and Transparency Rules.
For further information please contact:
Provexis plc Tel: 07490 391888
Ian Ford, CEO enquiries@provexis.com
Dawson Buck, Chairman
Allenby Capital Limited Tel: 020 3328 5656
Nick Naylor / Liz Kirchner
Notes for editors
About Provexis plc
AIM-listed Provexis is focused on the development, licensing and
sales of its proprietary, scientifically-proven Fruitflow(R)
heart-health functional food ingredient.
Provexis was founded in 1999 and is headquartered in Reading,
Berkshire.
Provexis shares are traded on the AIM market of the London Stock
Exchange under the ticker symbol PXS.
For further information, please visit www.provexis.com and
www.fruitflowplus.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
IOEEAPAEFFPNFFF
(END) Dow Jones Newswires
December 11, 2019 02:00 ET (07:00 GMT)
Provexis (LSE:PXS)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Provexis (LSE:PXS)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024