Business
Result of Placing
Result of Placing.
About this update from Abingdon Health Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.\n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL, INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY SUCH OFFER, SOLICITATION OR COMMITMENT WHATSOEVER IN ANY OF THOSE JURISDICTIONS.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (\"MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n25 July 2024\n \nAbingdon Health Plc\n(\"Abingdon\" or the \"Company\")\n \nResult of Placing\n \nAbingdon (AIM:ABDX), a leading international lateral flow contract development and manufacturing organisation, announces that, further to its announcement at 16:51 p.m. on 24 July 2024 (the \"Launch Announcement\"), it has successfully conditionally completed and closed the Placing.\n \nThe Placing has conditionally raised, in aggregate, gross proceeds of c.£5.225 million through the placing of 53,589,741 new Ordinary Shares (\"Placing Shares\") to certain institutional and other investors at a price of 9.75 pence per share.\n \nNotice of General Meeting and Shareholder Circular\nAs referred to in the Launch Announcement, the Company is seeking the approval of shareholders for the allotment of the Placing Shares, the Consideration Shares (as defined in the Launch Annoucement) , the Further Consideration Shares (as defined in the Launch Annoucement) and the Retail Offer Shares (as defined in the Launch Announcement). \n \nIn addition to this sp...