Completion of Placing and Acquisition

RNS Number : 1244X

Venture Life Group PLC

08 August 2018

 

8 August 2018

Venture Life Group plc

("Venture Life" or "the Company" or "the Group")

Completion of Placing and Acquisition

Venture Life Group plc (AIM: VLG) is pleased to announce that, further to the announcement made on 6 August 2018, Admission to AIM of the 46,875,000 new Ordinary Shares ("Admission") became effective at 8.00am yesterday thereby satisfying all the conditions relating to the Placing. In addition, the Company is also pleased to announce that the Acquisition of the Dentyl Business has completed.

Further details regarding the Placing and the Acquisition can be found in the announcement issued by the Company on 20 July 2018 and in the Circular posted to Shareholders on that same day, which are available to view on the Company's website: www.venture-life.com. Capitalised terms used, but not defined, in this announcement have the same meaning as set out in the Circular.

Following Admission, the Company's issued ordinary share capital consists of 83,712,106 Ordinary Shares; no shares are held in treasury. The above figure of 83,712,106 Ordinary Shares 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 voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Contacts:

Venture Life Group PLC		[phone]
Jerry Randall, Chief Executive Officer
Adrian Crockett, Chief Financial Officer
Northland Capital Partners Limited (Nominated Adviser and Joint Broker)		[phone]
Matthew Johnson/Edward Hutton (Corporate Finance)
Vadim Alexandre (Corporate Broking)
Cenkos Securities plc (Joint Broker)		[phone]
Camilla Hume/Mark Connelly (Corporate Finance)
Russell Kerr/Michael Johnson (Sales)
Turner Pope Investments (TPI) Ltd (Joint Broker)		[phone]
Andy Thacker
Walbrook PR	[e-mail] or [phone]
Anna Dunphy	[phone]

 

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