Exercise of Warrants

5th Jan 2011 11:59

Avacta Group plc ("Avacta" or "the Company") Exercise of Warrants

The Company announces that on 4 January 2011 it received a notice of exercise of warrants. The warrants were granted during May 2006, prior to the reversal of Avacta Limited into the Company, then named Readybuy plc. The warrants have been exercised in respect of 10,500,000 Ordinary shares of 0.1p par value (the "New Ordinary shares") in the capital of the Company at an exercise price of £ 0.0025. As a result, the Company now has 1,447,073,289 Ordinary shares in issue.

Application is to be made for the New Ordinary shares, which will rank pari passu with existing ordinary shares, to be admitted to trading on AIM, and Admission is expected to take place on 11 January 2011.

Enquiries:

Avacta Group plc Tel: 0844 414 0452 Alastair Smith, Chief Executive Officer Tim Sykes, Chief Financial Officer Broker - XCAP Securities Plc Tel: 020 7101 7070 John Grant/Karen Kelly/David Newton NOMAD - Grant Thornton Corporate Finance Tel: 020 7383 5100 Philip Secrett/Colin Aaronson/David Hignell PR - NexFin Nicholas Nelson Tel: 07921 522 920 [email protected]

The Company's website is www.avacta.com

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Related Shares:

Avacta Group