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Result of General Meeting

31st Mar 2017 17:10

RNS Number : 2524B
Advanced Oncotherapy PLC
31 March 2017
 

ADVANCED ONCOTHERAPY PLC

("Advanced Oncotherapy" or the "Company")

 

Result of General Meeting

 

Advanced Oncotherapy plc (AIM: AVO), the developer of next generation proton therapy systems for cancer treatment, announces that at the General Meeting held earlier today all resolutions were passed.

 

As a result the Board now has authority to utilise the Equity Financing Facility provided by Bracknor, details of which were provided in the 22 February 2017 announcement.

 

The Company continues to consider a number of financing options in addition to the Bracknor facility and the financing agreement with Blackfinch Investment Limited that was announced on 27 March 2017.

 

 

For further information, please contact:

 

Advanced Oncotherapy plc

www.avoplc.com

Nicolas Serandour, Chief Executive Officer

Tel: +44 20 3617 8728

Michael Sinclair, Executive Chairman

Stockdale Securities (Nomad & Joint Broker)

Tel: +44 20 7601 6100

Antonio Bossi / David Coaten

Stifel Nicolaus Europe (Joint Broker)

Tel: +44 20 7710 7600

Jonathan Senior / Ben Maddison

Walbrook PR (Financial PR & IR)

Tel: +44 20 7933 8780 or [email protected]

Paul McManus

Mob: +44 7980 541 893

Anna Dunphy

Mob: +44 7876 741 001

 

 

 

 

About Advanced Oncotherapy plc www.avoplc.com

 

Advanced Oncotherapy is a provider of particle therapy with protons that harnesses the best in modern technology. Advanced Oncotherapy's team "ADAM", based in Geneva, focuses on the development of a proprietary proton accelerator called Linac for Image Guided Hadron Therapy (LIGHT). LIGHT accelerates protons to the energy levels achieved in legacy machines but in a unit that is a quarter of the size and between a quarter and a fifth of the cost. This compact configuration delivers proton beams in a way that facilitates greater precision and electronic control which is not achievable with older technologies.

Advanced Oncotherapy will offer healthcare providers affordable systems that will enable them to treat cancer with an innovative technology as well as better health outcomes and lower treatment related side effects.

 

Advanced Oncotherapy continually monitors the market for any emerging improvements in delivering proton therapy and actively seeks working relationships with providers of these innovative technologies. Through these relationships, the Company will remain the prime provider of an innovative and cost-effective system for particle therapy with protons.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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