16th Sep 2008 15:22
16 September 2008
Provexis PLC
("Provexis" or the "Company")
Additional Listing
The Company announces that application has been made to the London Stock Exchange for 30,769,200 new ordinary shares of 0.1p each in the capital of the Company to be admitted to trading on AIM ("New Ordinary Shares"). The New Ordinary Shares are to be issued at a price of 0.65p per share to satisfy investor demand and the proceeds of the issue are to be used to develop Provexis' lead technology, Fruitflow, and for general working capital purposes. The New Ordinary Shares will when issued rank pari passu with the Company's existing issued ordinary shares. Dealings in the New Ordinary Shares are expected to commence on 2 October 2008 ("Admission").
Following Admission, the Company's enlarged issued share capital will comprise 819,387,796 ordinary shares with voting rights. The Company does not hold any shares in treasury. This figure of 819,387,796 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
For further information, please contact:
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Provexis PLC |
01753 752290 |
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Stephen Moon, Chief Executive |
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Ian Ford, Finance Director |
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Arbuthnot Securities |
020 7012 2000 |
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Tom Griffiths/Alasdair Younie |
END
Related Shares:
Provexis