Business
Result of Placing and Subscription
Result of Placing and Subscription.
About this update from Scancell Holdings Plc
[{"type":"text","content":"\n\nNOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR A SOLICITATION TO BUY SECURITIES IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF EU REGULATION NO. 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n5 December 2024\nScancell Holdings plc\n(\"Scancell\" or the \"Company\")\nOversubscribed Placing upsized to £10.3 million with significant participation from both existing and new healthcare specialist investors\nScancell Holdings plc (AIM: SCLP), the developer of novel immunotherapies for the treatment of cancer, is pleased to announce, conditional on Admission, completion of a significantly oversubscribed placing and subscription as announced by the Company yesterday on 4 December 2024 (the \"Launch Announcement\").\nA total of 97,467,141 Placing Shares have been placed by Panmure Liberum Limited (\"Panmure Liberum\") and WG Partners LLP (\"WG Partners\") at the Issue Price of 10.5 pence per Ordinary Share. Concurrently with the Placing, a Director of the Company has conditionally subscribed for 190,476 Subscription Shares pursuant to the Subscription at the Issue Price.\nTogether, the Placing Shares and the Subscription Shares in aggregate comprise 97,657,617 new Ordinary Shares, raising total gross proceeds of approximately £10.3 million. The Placing Shares and the Subscription Shares together represent approximately 10.5 per cent. of the Existing Ordinary Shares.\nRETAIL OFFER\nAs announced yesterday, the Company also launched the Retail Offer through the Winterflood Retail Access Platform to raise up to approximately a further £1 million of gross proceeds (the \"Ret...