Business
PrimaryBid Offer
PrimaryBid Offer.
About this update from Abingdon Health Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1232U\n Abingdon Health PLC\n 01 December 2021\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.\n \n \n THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF ABINGDON HEALTH PLC.\n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\n \n \n THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021)\n \n \n 1 December 2021\n \n \n \n \n \n Abingdon Health plc \n \n \n (\"Abingdon Health \" or the \"\n \n Company\n \n \"\n ) (LON:\n ABDX)\n \n \n PrimaryBid Offer\n \n \n \n \n \n Abingdon Health plc (LON: ABDX\n ) the AIM quoted international developer and manufacturer of high quality and effective rapid tests, \n is pleased to announce, a conditional offer for subscription via PrimaryBid (the \"PrimaryBidOffer\") of up to 2,000,000 new ordinary shares of 0.025p each in the Company (the \"New Ordinary Shares\") at an issue price of \n 25\n pence per New Ordinary Share (the \"Issue Price\"), being a discount of \n 34.2\n per cent to the closing mid-price on 30 November 2021, to raise gross proceeds of up to \n £0.5 million\n . The Company is also conducting a placing \n (the \"Placing\") \n of New Ordinary Shares at the Issue Price by way of an accelerated bookbuild process (the \"Placing\")\n \n and intends to launch an open offer (the \"Open Offer\") as announced earlier today. In addition to the Placing, one of the Company's shareholders intends to subscribe for New Ordinary Shares as announced earlier today (the \"Subscription\").\n \n \n The PrimaryBid Offer, the Placing, the Subscription and the Open Offer are conditional on \n the approval \n of the Company's ordinary shareholders at a general meeting to be held at 10:30 a.m. on 20 December 2021 at the offices of ...