Business
Update re: Aquisition of German based CRO
Update re: Aquisition of German based CRO.
About this update from Hvivo Plc
[{"type":"text","content":"\n \nRNS Number : 4463X Venn Life Sciences Holdings PLC 13 January 2014 \n\n13 January 2014\nVenn Life Sciences Holdings Plc\n(\"Venn\" or the \"Company\")\n \nUpdate re: Acquisition of German based CRO\n \n \nVenn Life Sciences (AIM: VENN), a growing Clinical Research Organisation (CRO) providing clinical trial management and resourcing solutions to pharmaceutical, biotechnology and medical device clients, is pleased to announce that the consideration of €0.6m payable for the acquisition of the trade and certain business assets and liabilities of CRM Clinical Trials GmbH, a German based CRO (previously announced on 31 October 2103) has been satisfied by the issue of 1,962,583 Venn shares at the current share price of 25.5 pence. Application has been made for 1,962,583 ordinary shares of 1 pence each to be admitted to trading on 14 January 2014. \n \n \nEnquiries:\n \n\n\n\n\n\nVenn Life Sciences Holdings Plc\n\n\n \n\n\n\n\nTony Richardson, Chief Executive Officer\n\n\nTel: +353 154 99 341\n\n\n\n\nPaul Foulger, Finance Director\n\n\nTel: 020 7933 8797\n\n\n\n\nOrla McGuinness, Marketing Manager\n\n\nTel: +33 (0)1 30 82 67 07\n\n\n\n\n \n\n\n \n\n\n\n\nZeus Capital (Nominated Adviser and Broker)\n\n\n \n\n\n\n\nRoss Andrews/Andrew Jones (Corporate Finance)\n\n\nTel: 0161 831 1512\n\n\n\n\nJohn Goold (Institutional Sales)\n\n\nTel: 0207 533 7716\n\n\n\n\nDominic Wilson (institutional Sales)\n\n\nTel: 0207 533 7721\n\n\n\n\n \n\n\n \n\n\n\n\nWalbrook PR Ltd\n\n\nTel: 020 7933 8787 or [email protected]\n\n\n\n\nPaul McManus\n\n\nMob: 07980 541 893\n\n\n\n\nLianne Cawthorne\n\n\nMob: 07584 391 303\n\n\n\n\n \n \nAdditional Information:\n \nAbout Venn Life Sciences Limited: www.vennlifesciences.com\nVenn Life Sciences is a Clinical Research Organisation (\"CRO\") providing a suite of clinical trial management services to pharmaceutical, biotechnology and medical device organisations. With operations in France, Ireland, the Netherlands, Russia, the UK, and a branch office in Switzerland, the Venn Group also includes a Clinical Resourcing business placing experienced clinical teams and individuals on projects throughout Europe. The Company's near term objective is the expansion of its coverage to other European countries through strategic acquisitions a...