Business
Supplementary consideration shares
Supplementary consideration shares.
About this update from Avacta Group Plc
[{"type":"text","content":"\n \n Avacta Group plc \n\n Admission of Supplementary Consideration Shares \n\nFurther to the announcement of 8 August 2006, Avacta Group plc (\"Avacta\" or the\n\"Company\") is pleased to announce the acquisition of the Avacta Option Shares\nissued upon the exercise of the Avacta Options pursuant to the Supplemental\nAcquisition Agreement.\n\nThe consideration for the Avacta Option Shares has been satisfied by the\nallotment and issue of 24,469,898 new Ordinary Shares of the Company which have\nbeen admitted to trading on AIM today. The new Ordinary Shares represent\napproximately 3.66% of the enlarged issued share capital of the Company which\nnow totals 669,327,344 Ordinary Shares.\n\nFollowing Admission, Daron Lee no longer has a notifiable interest in the\nCompany and the interests of certain directors are as follows:\n\nDirector Number of Ordinary Shares Percentage of Enlarged\n Share Capital\n \nProfessor Alastair Smith 49,217,468 7.35\n \nSimon Webster 48,624,258 7.26\n \nKurt Baldwin 48,624,258 7.26\n\nAll terms used in this announcement are defined as set out in the Admission\nDocument dated 13 July 2006.\n\n 9 August 2006\n\nEnquiries:\n\nAvacta Group plc Tel: 0870 835 4367 \n \nAlastair Smith, Chief Executive \n \nWH Ireland Limited Tel: 0161 832 2174 \n \nDavid Youngman, Director, Corporate Finance \n \nNexus Financial Ltd Tel: 020 7451 7050 \n \nNicholas Nelson, Director [email protected] \n\n\n \n ","length":2803,"tagName":"div"}]