Business
Placing and Open Offer Close
Placing and Open Offer Close.
About this update from Scancell Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 5830R Scancell Holdings Plc 09 March 2016 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. \n \nFURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY ORDINARY SHARES OF SEAL IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. IN PARTICULAR, YOU SHOULD READ AND UNDERSTAND THE INFORMATION PROVIDED IN THE \"IMPORTANT NOTICES\" SECTION AND IN THE APPENDICES.\n \n09 March 2016\n \n \nScancell Holdings Plc\nFirm Placing Raises £3.4 million\n \nScancell Holdings plc (LSE:AIM SCLP) (\"Scancell\" or the \"Company\"), the developer of novel immunotherapies for the treatment of cancer, is pleased to announce the successful completion of the Firm Placing announced earlier today.\n \nThe Company has conditionally raised, in aggregate, £3.4 million (before expenses) by way of the placing of 20,000,000 new ordinary shares at the placing price of 17 pence per share. The Placing Price represents a discount of 16 per cent. to the mid-market closing price on 8 March 2016, being the last practicable date prior to the date of this announcement.\n \nThe new ordinary shares will be issued credited as fully paid and will be identical to, and rank pari passu in all respects with, the Existing Ordinary Shares following the date of Admission.\n \nA circular to shareholders, including further details of the Open Offer will be despatched to shareholders on or around 11 March 2016 and will also be available on the Company's website, www.scancell.co.uk., at this time.\n \nDirector Dealings\nAll of the Directors of the Company have participated in the Firm Placing, as set out in the table below:\n \n \n\n\n\n\n\n\n\nAs at the date of this announcement\n\n\n\n\n\nFollowing Admission*\n\n\n\n\n\n\n\nOrdinary shares \n\n\npercentage of issued Ordinary Share capital\n\n\nFirm Placing Sh...