4th Aug 2020 20:01
Yourgene Health PLC - Manchester-based molecular diagnostics group - Proposes share placing at 17 pence each to raise minimum of GBP13 million. Also conditionally agrees to buy Coastal Genomic Inc, a sample preparation technology company based in Vancouver, Canada. Acquisition consideration up to USD13.5 million, comprising initial amount of USD3 million in cash and USD2.5 million in equity and contingent consideration of up to USD8.0 million payable in cash and equity. Proposed placing to fund initial cash consideration, and additional funds may be used to accelerate commercial activities.
Current stock price: 17.00 pence
Year-to-date change: up 28%
By Lucy Heming;Â [email protected]
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