Business
Result of Placing, PrimaryBid and Subscription
Result of Placing, PrimaryBid and Subscription.
About this update from Abingdon Health Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2521U\n Abingdon Health PLC\n 01 December 2021\n \n \n \n \n THIS ANNOUNCEMENT 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. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n \n 1 December 2021\n \n \n Abingdon Health plc\n \n \n (\"Abingdon Health\", the \"Group\" or the \"Company\")\n \n \n Result of Placing, Subscription and PrimaryBid Offer\n \n \n York, U.K. 1 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 announcement made on 1 December 2021 regarding the Fundraising (the \"Launch Announcement\"), it has conditionally raised gross proceeds of approximately £5.5 million via the Placing, the Subscription and the PrimaryBid Offer from existing and new investors at the Issue Price of 25 pence per share.\n \n \n A total of 18,800,000 Placing Shares (comprising 4,784,955 First Placing Shares and 14,015,045 Second Placing Shares) have been placed by Singer Capital Markets Securities Limited at an Issue Price of 25 pence per Placing Share to raise gross proceeds for the Company of £4.7 million. The gross proceeds of the Placing includes a subscription for approximately £0.5 million of Placing Shares by the Participating Directors.\n \n \n In addition to the Placing, one of the Company's Shareholders has subscribed for 1,200,000 Subscription Shares at the Issue Price, to raise further gross proceed for the Company of £300,000. Concurrent with the Placing and the Subscription, certain investors have also subscribed for 2,000,000 PrimaryBid Shares, raising gross proceeds of £0.5 million. \n \n \n The Placing Shares, Subscription Shares and PrimaryBid Shares together represent approximately 23.0 per cent. of the existing issued share capital of the Company.\n \n \n The net proceeds receivable by the Company from the Placing, Subscription and PrimaryBid Offer, together with the net proceeds from the Open Offer once closed, will ...