2nd Apr 2015 11:54
LONDON (Alliance News) - Advanced Oncotherapy PLC on Thursday said it has issued shares to partner ScandiNova Systems AB in lieu of a GBP200,000 payment.
Advanced Oncotherapy will issue ScandiNova 2.8 million shares at 7.125 pence per share. Shares in Advanced Oncotherapy were up 14% to 8.12 pence Thursday, one of the best performers in the AIM All-Share index.
The pair entered into an agreement in July 2014 under which ScandiNova develops and manufactures the high-energy systems which will power Advanced Oncotherapy's LIGHT proton therapy system.
By Sam Unsted; [email protected]; @SamUAtAlliance
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