Business
Results of Placing
Results of Placing.
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.\n1 December 2023\nScancell Holdings plc\n(\"Scancell\" or the \"Company\")\nResults of Placing\nOversubscribed Placing upsized to £10.6 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 and infectious disease, is pleased to announce the completion of a significantly oversubscribed placing as announced by the Company yesterday on 30 November 2023 (the \"Launch Announcement\").\nA total of 96,292,367 Placing Shares have been placed by Stifel Nicolaus Europe Limited (\"Stifel\") and WG Partners LLP (\"WG Partners\") at the Issue Price of 11 pence per Ordinary Share. Concurrently with Placing, the Board Subscribers have subscribed for 727,272 Subscription Shares pursuant to the Subscription at the Issue Price.\nTogether, the Placing Shares and the Subscription Shares in aggregate comprise 97,019,639 new Ordinary Shares, raising total gross proceeds of approximately £10.7 million. The Issue Price represents a discount of approximately 10.2 per cent. to the middle market closing price of an Ordinary Share on 29 November 2023. The Placing Shares and the Subscription Shares together represent approximately 11.8 per cent. of the Existing Ordinary Shares.\nOpen Offer\nThe Company is also proposing to raise up to £2.0 million pursuant to the Open Offer. Subject to the completion of the Capital...