Exercise of warrant

RNS Number : 7110P

Diaceutics PLC

11 June 2020

 

11 June 2020

Diaceutics PLC

("Diaceutics", the "Company" or the "Group")

Exercise of Warrant

Diaceutics PLC (AIM: DXRX), the diagnostic commercialisation company, announces that it has received notification for the exercise of a warrant over 347,915 ordinary shares in the Company at an exercise price of 76 pence per share providing the Company with proceeds of £264,415 ("Warrant Exercise").

Application has been made to the London Stock Exchange to admit the 347,915 new ordinary shares resulting from the Warrant Exercise to trading on AIM ("Admission"), which is expected to occur on 16 June 2020.  The new ordinary shares will rank pari passu with the existing ordinary shares.

For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above and including the 10,437,000 Firm Placing shares to be issued in connection with the Firm Placing announced yesterday by the Company, on 16 June 2020 the Company's issued share capital admitted to trading on AIM will comprise 80,367,992 ordinary shares of 0.2p each. The above 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 Disclosure and Transparency Rules.  

Enquiries Diaceutics PLC
Stuart Hunt, Head of Investor Relations	Tel: [phone]
Cenkos Securities PLC (Nomad & Broker)	Tel: [phone]
Callum Davidson / Giles Balleny
Michael Johnson (Sales)
Walbrook PR	Tel: [phone] or [e-mail]
Anna Dunphy	Tel: [phone]
Paul McManus	Tel: [phone]

About Diaceutics

Diaceutics PLC is a diagnostic commercialisation company for global pharmaceutical companies. The Company, quoted on the Alternative Investment Market (AIM) of the London Stock Exchange, is enabling pharma to accelerate their market penetration and achieve a better return on precision medicine therapies by helping them to revolutionise patient testing. By generating insights from its data lake of clinical laboratory testing data and other data, Diaceutics helps pharma understand and leverage the diagnostic landscape through initiatives that improve patient testing, leading to better treatment outcomes. The Company works with more than 35 global pharmaceutical companies across hundreds of precision medicine projects. The Company employs a leading global group of experts from the laboratory, diagnostic and pharmaceutical industries.  www.diaceutics.com

 

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