Business
Result of the open offer
Result of the open offer.
About this update from Scancell Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0454U Scancell Holdings Plc 04 April 2016 \n\n04 April 2016\n \nScancell Holdings Plc\n(\"Scancell\" or the \"Company\")\n \nResult of the open offer\n \nOn 1 April 2016 the Board of Scancell announced that it had received subscriptions in respect of 16,048,593 new Ordinary Shares of the 22,495,068 new Ordinary Shares available under the Open Offer. \n \nThe Company has now received applications for an additional 558,823 new Ordinary Shares, available but not subscribed for by Qualifying Shareholders in the Open Offer, therefore the revised total subscription under the Open Offer is 16,607,416 new Ordinary Shares, representing 73.8 per cent. the new Ordinary Shares available under the Open Offer. The Company has therefore raised gross proceeds of approximately £2.8 million through the Open Offer and £3.4 million through the Placing being approximately £6.2 million in total. \n \nApplication will be made to the London Stock Exchange for the admission to trading on AIM of the 36,607,416 new Ordinary Shares to be issued under the Placing and Open Offer. It is expected that Admission will occur and that dealings will commence at 08:00 a.m. on 5 April 2016. The total number of Ordinary Shares following Admission will be 261,558,099 with each share carrying the right to one vote. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in Scancell under the FCA's Disclosure and Transparency Rules.\n \nThis announcement should be read in conjunction with the full text of the Circular posted to Shareholders on 11 March 2016, copies of which are available on the Company's website at www.scancell.co.uk. Capitalised terms not otherwise defined in this announcement have the meanings given in the Circular. \n \n \nFor further information please contact:\n \n\n\n\n\nScancell Holdings Plc\nDr Richard Goodfellow, Joint CEO\nProfessor Lindy Durrant, Joint CEO\n\n\n+44 (0) 20 3727 1000\n\n\n\n\n\n\n\n\n\n\n\n\nPanmure Gordon (Nominated Adviser and placing agent)\nRobert Naylor/Paul Fincham, Corporate Finance\nMaisie Atkinson, Sales\n\n\n+44 (0) 20 7886 2500\n\n\n\n\n\n\n\n\n\n\n\n\nLesmoir-Gordon, Boyle & Co. Limi...