Genedrive PLC - Application for Listing & Total Voting Rights
Released
Released
Announcement PDF
RNS Number : 2144J
Genedrive PLC
03 April 2024
genedrive plc
("genedrive" or the "Company")
Application for Listing
Total Voting Rights
genedrive plc (AIM: GDR), the point of care pharmacogenetic testing company, confirms that in
order to support the further drawdown and delivery of its £5M Equity Prepayment facility that
was announced on 31 March 2023, application has been made for the Admission to trading on
AIM of 4,690,665 new Ordinary Shares of 1.5p each ("New Ordinary Shares"). This application for
listing is to satisfy all amounts currently outstanding under the Equity Prepayment facility.
Admission of the New Ordinary Shares ("Admission") is expected to occur on 9 April 2024.
Following Admission, the New Ordinary Shares will rank pari passu in all respects with the
Company's existing ordinary shares.
Following Admission the Company's issued share capital will consist of 143,141,481 Ordinary
Shares of 1.5p each and this figure may be used by shareholders as the denominator for the
calculations by which they should determine if they are required to notify their interest in, or
change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency
Rules.
For further details please contact:
genedrive plc
James Cheek: CEO / Russ Shaw: CFO
+44 (0)161 989 0245
Peel Hunt LLP (Nominated Adviser and
Broker)
James Steel / Patrick Birkholm
+44 (0)20 7418 8900
Walbrook PR Ltd (Media & Investor
Relations)
Anna Dunphy
+44 (0)20 7933 8780 or
genedrive@walbrookpr.com
+44 (0)7876 741 001
About genedrive plc (http://www.genedriveplc.com)
genedrive plc is a pharmacogenetic testing company developing and commercialising a low cost,
rapid, versatile, simple to use and robust point of need pharmacogenetic platform for the
diagnosis of genetic variations. This helps clinicians to quickly access key genetic information that
will help them make the right choices over the right medicine or dosage to use for an effective
treatment. Based in the UK, the Company is at the forefront of work on Point of Care
pharmacogenetics. Pharmacogenetics looks at how your genetics impacts a medicines ability to
work for you. Therefore, by using pharmacogenetics, medicines can be made safer and more
effective. The Company has launched its flagship product, the Genedrive® MT-RNR1 ID Kit, which
is a single-use disposable cartridge which circumvents the requirement for cold chain logistics by
providing temperature stable reagent test kits for use on their proprietary test platform. This test
allows clinicians to make a decision on antibiotic use within 26 minutes, ensuring vital care is
delivered with no negative impact on the patient pathway.
The Company has a clear commercial strategy focused on accelerating growth through
maximising in-market sales, geographic and portfolio expansion and strategic M&A, and operates
out of its facilities in Manchester.
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