Business
Update re. Belluscura IPO
Update re. Belluscura IPO.
About this update from Tekcapital Plc
[{"type":"text","content":"\n \nRNS Number : 1357Y Tekcapital plc 01 December 2017 \n\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). With the publication of this announcement via a Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \n1 December 2017\n \nTekcapital plc\n(\"Tekcapital\" or the \"Company\")\n \nUpdate re. Belluscura IPO \n \nFurther to the announcement made on 16 November 2017, the Board of Tekcapital plc (AIM: TEK), a UK intellectual property (IP) investment group focused on creating marketplace value from university technology, today provides an update on the proposed IPO of Belluscura Limited (\"Belluscura\"). \n \nDue to current market conditions and certain other Enterprise Investment Scheme/Venture Capital Trust requirements having not been met in the expected timeframe, Belluscura is unable to proceed with the IPO and acquisition of licenses to manufacture and sell the STIC from Stryker Corporation. Belluscura is actively considering other alternatives.\n \n \nFor further information, please contact:\n \n\n\n\n\nTekcapital Plc\n\n\n \n\n\n\n\nClifford M. Gross, Ph.D.\n\n\[email protected]\n\n\n\n\n \nAllenby Capital Limited (AIM Nominated\nAdviser & Joint Broker)\n\n\n \n+44 (0) 20 3328 5656\n\n\n\n\nJeremy Porter / Alex Brearley\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nDowgate Capital Stockbrokers (Joint Broker)\n\n\n+44 (0) 1293 517744\n\n\n\n\nDavid Poutney / James Serjeant\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nWalbrook PR Ltd\n\n\n+44 (0) 20 7933 8780\n\n\n\n\nPaul Cornelius / Helen Cresswell / Sam Allen\n\n\[email protected]\n\n\n\n\n \n \nTekcapital plc - The World's Largest University Network for Open Innovation \nTekcapital's objective is to create value from investing in new, university-developed intellectual properties and produce returns through capital appreciation. With its proprietary discovery search engine, linked to 4,500+ universities in 160 countries, coupled with expert scientific review, Tekcapital makes it easy to find and acquire the new IP needed to create a competitive advantage. Our IP servi...