Genedrive PLC - Additional Listing
Released
Released
Announcement PDF
RNS Number : 8425V
Genedrive PLC
05 December 2019
genedrive plc
("genedrive" or the "Company")
Additional listing
genedrive plc (LSE: GDR), the near patient molecular diagnostics company,
announces that, further to the announcement of the fifth deed of amendment
to the Visible Genomics SPA on 16 November 2018, it has issued 869,565
ordinary shares of 1.5p each in the capital of the Company ("VGL Shares") to
the shareholder of Visible Genomics Limited. This is to settle the deferred
consideration payable on the first anniversary of the date of admission of the
shares issued in the placing on which the amendment was conditional. The
VGL Shares will be subject to an orderly marketing arrangement.
Application has been made to the London Stock Exchange for the VGL Shares
to be admitted to trading on AIM. Admission is expected to be effective on 10
December 2019. The VGL Shares shall rank pari passu with the existing
ordinary shares in the Company.
Following admission, the Company's issued share capital will comprise
34,870,071 Ordinary Shares and each Ordinary Share carries one vote. There
are no Ordinary Shares held in treasury and accordingly, the total number of
voting rights is 34,870,071. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in the
Company under the FCA's Disclosure Guidance and Transparency Rules.
For further details please contact:
genedrive plc
David Budd: CEO / Matthew Fowler: CFO
www.genedriveplc.com
+44 (0)161 989 0245
Peel Hunt LLP
James Steel / Oliver Jackson
+44 (0)20 7418 8900
Stanford Capital Partners Limited
Patrick Claridge / John Howes
+44 (0)20 3815 8880
Walbrook PR Ltd (Media Relations & Investor
+44 (0)20 7933 8780
Relations)
Paul McManus / Anna Dunphy
or genedrive@walbrookpr.com
+44 (0)7980 541 893 / +44 (0)7876
741 001
Notes to Editors
About genedrive plc
genedrive plc is a molecular diagnostics company developing and
commercialising a low cost, rapid, versatile, simple to use and robust point of
need molecular diagnostics platform for the diagnosis of infectious diseases
and for use in patient stratification (genotyping), pathogen detection and
other indications. The Genedrive® mt-RNR1-ID kit has received CE-IVD
Certification and will be launched into Europe and other markets following
full evaluation by the UK National Health Service. The Company has assays
on market for the detection of HCV, certain military biological targets, and
has tests in development for tuberculosis (mTB).
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the
Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions
relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com or visit www.rns.com.
END
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