Issue of Equity

RNS Number : 0695A

Avacta Group PLC

26 January 2011

 



26 January 2011

Avacta Group plc

Issue of Equity

Avacta Group plc (the "Company") announces that 1,800,000 ordinary shares of 0.1p each ("New Ordinary Shares") have been issued at a price of 0.25p per share, pursuant to the exercise of share warrants. The warrants were granted during May 2006, prior to the reversal of Avacta Limited into the Company, then named Readybuy plc.

Application has been made for the 1,800,000 New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 31 January 2011.

The total number of Ordinary Shares, with voting rights, in issue following the above issue will be 1,634,987,577.

Enquiries:

Avacta Group plc	Tel:  [phone]
Alastair Smith, Chief Executive Officer Tim Sykes, Chief Financial Officer	www.avacta.com
Broker XCAP Securities Limited John Grant/Karen Kelly/David Newton Nominated Adviser Grant Thornton Corporate Finance	Tel:  [phone] www.xcapgroup.com Tel:  [phone] www.grantthornton.co.uk
Colin Aaronson/David Hignell

 

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