Business
Investment from Novo Holdings and Equity Issue
Investment from Novo Holdings and Equity Issue.
About this update from Oxford Nanopore Technologies Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL\n \nFURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \nFor immediate release\n \n1 August 2024\n \nOxford Nanopore Technologies plc\n(\"Oxford Nanopore\" or the \"Company\")\n \nOxford Nanopore attracts investment from Novo Holdings and completes Equity Issue of £80 million\n \nOxford Nanopore announces the successful completion of the bookbuilding process for the placing of new ordinary shares of £0.0001 each in the capital of the Company (\"New Ordinary Shares\") announced yesterday (the \"Placing\"). In light of the strong demand from investors, with the transaction multiple times oversubscribed, the Board has decided to increase the size of the Equity Issue from approximately £75 million to £80 million.\n \nA total of 25,000,000 New Ordinary Shares (the \"Placing Shares\") have been placed by Citigroup Global Markets Limited (\"Citi\"), J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove) (\"J.P. Morgan Cazenove\") and Joh. Berenberg, Gossler & Co. KG (\"Berenberg\" and, together with Citi and J.P. Morgan Cazenove, the \"Joint Bookrunners\") at a price of 120 pence per Placing Share (the \"Placing Price\") raising gross proceeds of approximately £30 million.\n \nAs a result of the successful placing, the subscription by Novo Holdings A/S (\"Novo Holdings\") has been reduced from £60 million such that it will subscribe for 41,666,667 New Ordinary Shares (the \"Subscription Shares\") at the Placing Price, raising gross proceeds of approximately £50 million. Novo Holdings currently intends, subject, inter alia, to availability and price, to add over time to their initial primary investment through further market purchases of up to £10 million.\n \nTherefore, the Placing and Subscription (together, the \"Equity Issue\") will raise total gross proceeds of approximately £80 million.\n \nDr...