Business
Block Listing Application to AIM
Block Listing Application to AIM.
About this update from Avacta Group Plc
[{"type":"text","content":"\n\nAvacta Group plc\n \n(\"Avacta\" or the \"Group\" or the \"Company\")\n \nBlock Listing Application to AIM\n \nLONDON and PHILADELPHIA - May 8, 2025 - Avacta Therapeutics (AIM: AVCT), a life sciences company developing innovative, targeted oncology drugs, today announces an application has been made to AIM for a block listing of 6,500,000 ordinary shares of 10 pence each in the Company (\"Ordinary Shares\"). This will be used to facilitate the admission of shares to trading following the exercise of options granted under the Group's LTIP/ESOS Scheme.\n \n\nThe Ordinary Shares will be issued from time to time pursuant to the Company's existing plans including outstanding options already issued but not yet exercised to the employees of the Company. New Ordinary Shares issued following option exercises and admitted to trading under the block admission will rank pari passu in all respects with the existing Ordinary Shares.\n \nThe block listing is expected to become effective on 14 May 2025. The Company will continue to make six-monthly announcements of the utilisation of the block admission, in line with its obligations under AIM Rule 29.\n \nAt the time of this announcement, Avacta has 389,788,205 Ordinary Shares in issue. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \nFor further information from Avacta Group plc, please contact:\n\n \n\n\n\n\nAvacta Group plc\nMichael Vinegrad, Group Communications\nDirector\n\n\nhttps://avacta.com/\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPeel Hunt (Nomad and Joint Broker)\nJames Steel / Chris Golden\n \n \n\n\n \nwww.peelhunt.com\n \n\n\n\n\nPanmure Liberum (Joint Broker)\nEmma Earl / Will Goode / Mark Rogers\n \nICR Healthcare\nMary-Jane Elliott / Jessica Hodgson / Stephanie Cuthbert\n\n\n \nwww.panmureliberum.com\n \[email protected]\n \n\n\n\n\n \nInvestor Contact\nRenee Leck\nTHRUST Strategic Communications\n \n\n\n \n \[email protected]\n \n\n\n\n\nMedia Contact\nCarly Scaduto\nCarly Scaduto Consulting\n\n\n \nCarly@carlyscad...