Business
Increase in Fundraising
Increase in Fundraising.
About this update from Avacta Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 9893O\n Avacta Group PLC\n 04 June 2020\n \n \n \n \n THIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\n \n \n THE INFORMATION COMMUNICATED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n Avacta Group plc\n \n \n \n \n \n (\"Avacta\", the \"Group\" or the \"Company\") \n \n \n Increase in Fundraising \n \n \n \n \n \n Avacta Group plc (AIM: AVCT), \n the developer of Affimer® biotherapeutics and reagents\n , announces that, further to its announcement made at 7:00 a.m. today, as a result of significant retail demand in the PrimaryBid Offer, the Company has increased the Fundraising to raise gross proceeds of, in aggregate, £48 million, before expenses, through the issue of up to 40,000,000 New Ordinary Shares at the Issue Price. \n \n \n The Joint Brokers expect to close the bookbuild shortly, and the results of the Placing will be announced as soon as practicable thereafter. The timing for the close of the bookbuild and the allocation of New Ordinary Shares shall be at the absolute discretion of the Joint Brokers, in consultation with the Company.\n \n \n Capitalised terms in this announcement shall have the meanings given to such terms in the Company's announcement at 7.00 a.m. today.\n \n \n \n \n \n For further information from Avacta Group plc, please contact:\n \n \n \n \n \n \n Avacta Group plc\n \n \n Alastair Smith, Chief Executive Officer\n \n \n Tony Gardiner, Chief Financial Officer\n \n \n \n \n \n \n \n Tel: +44 (0) 844 414 0452\n \n \n \n www.avacta.com\n \n \n \n \n \n \n \n \n \n \n \n \n \n finnCap Ltd (Nomad and Joint Broker)\n \n \n Geoff Nash / Giles Rolls / Teddy Whiley - Corporate Finance\n \n \n Tim Redfern / Sunila de Silva - ECM\n \n \n \n \n Tel: +44 (0) 207 220 0500\n \n \n www.finncap.com\n \n \n \n \n \n \n \n \n \n \n \n \n Zeus Ca...