Business
Fundraise to Raise £2.83 million
Fundraise to Raise £2.83 million.
About this update from Aptamer Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT (THE \"ANNOUNCEMENT\") AND THE INFORMATION CONTAINED IN IT, IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (COLLECTIVELY, THE \"UNITED STATES\"), AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\nFURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n24 July 2024\n \nAptamer Group plc\n \n(\"Aptamer Group\", \"APTA\" or the \"Company\")\n \nFirm Placing, Conditional Placing and Subscription to Raise £2.83 million\nGrant of Share Options\nProposed Board Changes\nRelated Party Transaction\nNotice of General Meeting\nAptamer Group (AIM:APTA), the developer of novel Optimer® binders to enable innovation in the life sciences industry, is pleased to announce that it has conditionally raised £2.83 million (before expenses), by way of a placing and subscription (the \"Fundraise\") of 1,415,000,000 New Ordinary Shares at an issue price of 0.2p per share (the \"Issue Price\") for working capital purposes.\nThe Fundraise comprises:\n· a firm placing of 116,835,918 New Ordinary Shares (the \"Firm Placing Shares\") at the Issue Price, which is not conditional on Shareholder approval to raise approximately £0.2 million (before expenses) (the \"Firm Placing\"); and\n \n· a conditional placing of 1,272,164,082 New Ordinary Shares (the \"Conditional Placing Shares\") at the Issue Price to raise approximately £2.5 million (before expenses) (the \"Conditional Placing Shares\") and a conditional subscription for 26,000,000 New Ordinary Shares (the \"Subscription Shares\") to raise £0.1 million (before expenses), each of which will require Shareholder approval at the General Meeting.\n \nThe Issue Price represents a discount of approximately 63.6 per cent. to the closing price per Ordinary Share of 0.55 pence at close of business on 23 July 2024, being the last practicable date prior to the announcement of the Fundraise. The New Ordinary Shares will represent approximately 75....