Re Provexis Admission to AIM
Angle PLC
24 June 2005
FOR IMMEDIATE RELEASE 24 June 2005
ANGLE plc
('ANGLE' or the 'Company')
First day of Dealings for venture company Provexis plc on AIM
ANGLE plc, the venture management and consulting company specialising in the
commercialisation of technology, is pleased to announce that its venture company
Provexis plc, the nutraceutical company which develops scientifically-proven,
proprietary, functional foods, supplements and medical foods, announces
commencement of trading today in its ordinary shares on AIM under the ticker
symbol: PSX.L.
At the placing price of 5.6p per ordinary share, Provexis raised £5.9 million of
equity through an institutional placing of £3.8 million (before expenses) and
the conversion of £2.1 million of loans. On Admission and at the issue price the
market capitalisation was approximately £14 million. Following the Placing
ANGLE owns 24.8% of Provexis plc.
For further details please contact:
ANGLE plc
Andrew Newland, Chief Executive Tel: +44 (0)1483 295830
Dawson Buck, Deputy Chief Executive
Buchanan Communications
Richard Darby Tel: +44 (0)20 7466 5000
Suzanne Brocks
James Strong
Note to editors:
ANGLE plc
Founded in 1994, ANGLE is an international venture management and consulting
company focusing on the commercialisation of technology and the development of
technology-based industry. ANGLE creates, develops and advises technology
businesses on its own behalf and for its clients. ANGLE is listed on AIM
(AGL.L); further information can be found on www.ANGLEplc.com
Provexis plc
Provexis is a nutraceutical business founded in 2000 as a joint venture with the
Rowett Institute, a leading human nutrition research centre and ANGLE, and is 1
of the 8 venture companies developed under ANGLE's Progeny(R) programme to date.
This information is provided by RNS
The company news service from the London Stock Exchange