Business
Result of General Meeting
Result of General Meeting.
About this update from Avacta Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT 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, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR (OR THE SOLICITATION OF AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR) SECURITIES IN ANY JURISDICTION.\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) ('MAR'). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ('RIS'), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n 18 March 2024\n \nAvacta Group plc\n \n(\"Avacta\" or the \"Group\" or the \"Company\")\n \nResult of General Meeting\n \n \nAvacta Group plc (AIM: AVCT), a life sciences company developing innovative, targeted oncology drugs and diagnostics, is pleased to announce that the resolution put to shareholders at the General Meeting held today has been duly passed.\n \nAccordingly, and as set out in its announcement on 5 March 2024, the Company now has the requisite authority to issue 23,879,124 Conditional Placing Shares and 10,896,948 REX Offer Shares at a price of 50 pence per Ordinary Share, raising gross proceeds of approximately £11.9 million and £5.4 million, respectively.\n \nCombined with the Firm Placing and Direct Subscription Shares, which were admitted to trading on AIM on 4 March 2024, Avacta has raised total gross proceeds of approximately £31.1m pursuant to the Fundraise.\n \nApplication has been made to the London Stock Exchange for 23,879,124 Conditional Placing Shares and 10,896,948 REX Offer Shares to be admitted to trading on AIM. It is expected that Admission will become effective and dealings will commence in such New Ordinary Shares at or around 8.00 a.m. on 19 March 2024.\n \nFollowing Admission of the Conditional Placing Shares and REX Offer Shares, the number of Ordinary Shares that the Compa...