Business
Investment from Novo Holdings and proposed placing
Investment from Novo Holdings and proposed placing.
About this update from Oxford Nanopore Technologies Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED IN THEM, 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 \n31 July 2024\n \nOxford Nanopore Technologies plc\n(\"Oxford Nanopore\" or the \"Company\")\n \nOxford Nanopore attracts investment from Novo Holdings and announces proposed placing of new ordinary shares\n \nOxford Nanopore (LSE: ONT), the company delivering a new generation of molecular sensing technology based on nanopores, today announces an equity issue to raise aggregate gross proceeds of approximately £75 million (the \"Equity Issue\"). The Equity Issue comprises the issue of new ordinary shares of £0.0001 each in the capital of the Company (\"New Ordinary Shares\"), at an issue price of 120 pence per New Ordinary Share through:\n \n· a strategic investment from Novo Holdings A/S (\"Novo Holdings\"), a world leading life sciences investor, of up to £60 million, pursuant to which Novo Holdings has committed to subscribe for New Ordinary Shares (the \"Subscription Shares\") at the Placing Price (the \"Subscription\"). At the discretion of the Company, the Subscription may be reduced in part by amounts raised under the Placing (as defined below), provided that the Subscription shall not be less than £50 million; and\n \n· a placing to institutional investors by the issue of New Ordinary Shares (the \"Placing Shares\") at the Placing Price (the \"Placing\").\n \nThe Placing will be conducted through an accelerated bookbuilding process (the \"Bookbuild\") which will be launched immediately following this announcement.\n \nTogether, the total number of New Ordinary Shares will be approximately 7 percent of the existing issued share capital of the Company.\n \nDr. Gordon Sanghera, CEO, Oxford Nanopore said:\n\"Novo Holdings is ...