Business
Open Offer Launch, Posting of Circular, GM Notice
Open Offer Launch, Posting of Circular, GM Notice.
About this update from Abingdon Health Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4427U\n Abingdon Health PLC\n 02 December 2021\n \n \n \n \n 2 December 2021\n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. \n \n \n \n \n \n \n \n \n Abingdon Health plc\n \n \n (\"Abingdon Health\", the \"Group\" or the \"Company\")\n \n \n \n \n \n Launch of Open Offer, Posting of Circular, Notice of General Meeting\n \n \n \n \n \n York, U.K. 2 December 2021: Abingdon Health plc (AIM: ABDX), a leading international developer and manufacturer of high quality and effective rapid tests, is pleased to announce that further to the Company's announcement on 1 December 2021 (the \"Proposed Fundraising\"), the Company will today post a Circular to Qualifying Shareholders regarding the Open Offer of up to 4,000,000 Open Offer Shares in the Company at the Issue Price of 25 pence per Open Offer Share to raise up to approximately £1 million (before expenses). \n \n \n \n \n \n Pursuant to the Open Offer, Qualifying Shareholders will be given the opportunity to subscribe for:\n \n \n \n \n \n 1 Open Offer Share for every 23.9247785 Existing Ordinary Shares\n \n \n held by each Qualifying Shareholder on the Record Date.\n \n \n Any Open Offer Shares not subscribed for by Qualifying Shareholders will be available to Qualifying Shareholders under the Excess Application Facility\n and as such, Qualifying Shareholders seeking to limit their dilution from the Placing, the Subscription and the Primary Bid Offer can also request additional Open Offer Shares (\"Excess Shares\") under the Excess Application Facility. The Open Offer is not being underwritten. \n \n \n \n \n \n The \n Open\n \n Offer\n is conditional upon, among other matters, the Second Placing becoming or being declared unconditional in all respects and not being terminated before Second Admission.\n \n \n \n \n \n Posting of Circular\n \n \n \n \n \n Further details regarding the Open Offer are availab...