Abingdon Health PLC Open Offer Launch, Posting of Circular, GM Notice (4427U)
03 December 2021 - 4:43AM
UK Regulatory
TIDMABDX
RNS Number : 4427U
Abingdon Health PLC
02 December 2021
2 December 2021
THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION
CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION
OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN,
INTO OR FROM THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, THE
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WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL.
Abingdon Health plc
("Abingdon Health", the "Group" or the "Company")
Launch of Open Offer, Posting of Circular, Notice of General
Meeting
York, U.K. 2 December 2021: Abingdon Health plc (AIM: ABDX), a
leading international developer and manufacturer of high quality
and effective rapid tests, is pleased to announce that further to
the Company's announcement on 1 December 2021 (the "Proposed
Fundraising"), the Company will today post a Circular to Qualifying
Shareholders regarding the Open Offer of up to 4,000,000 Open Offer
Shares in the Company at the Issue Price of 25 pence per Open Offer
Share to raise up to approximately GBP1 million (before
expenses).
Pursuant to the Open Offer, Qualifying Shareholders will be
given the opportunity to subscribe for:
1 Open Offer Share for every 23.9247785 Existing Ordinary
Shares
held by each Qualifying Shareholder on the Record Date.
Any Open Offer Shares not subscribed for by Qualifying
Shareholders will be available to Qualifying Shareholders under the
Excess Application Facility and as such, Qualifying Shareholders
seeking to limit their dilution from the Placing, the Subscription
and the Primary Bid Offer can also request additional Open Offer
Shares ("Excess Shares") under the Excess Application Facility. The
Open Offer is not being underwritten.
The Open Offer is conditional upon, among other matters, the
Second Placing becoming or being declared unconditional in all
respects and not being terminated before Second Admission.
Posting of Circular
Further details regarding the Open Offer are available in the
Circular, which has been posted today to Qualifying Shareholders,
along with the Application Form (where applicable). The Circular
will also be made available on the Company's website:
www.abingdonhealth.com/investors/
Notice of General Meeting
A notice convening a General Meeting of the Company is set out
at the end of the Circular. The General Meeting has been convened
for 10.30 a.m. on 20 December 2021 at the offices of Abingdon
Health plc at York Biotech Campus, Sand Hutton, York, YO41 1LZ.
Capitalised terms used in this announcement have the meanings
given to them in the Circular, unless the context provides
otherwise.
Enquiries:
Abingdon Health plc www.abingdonhealth.com/investors/
Chris Yates, Chief Executive Officer Via Walbrook PR
Melanie Ross , Chief Financial Officer
Christopher Hand, Non-Executive Chairman
Singer Capital Markets Securities Limited Tel: +44 (0)20 7496 3000
(Sole Bookrunner and Broker)
Singer Capital Markets Advisory LLP
(Nominated Adviser)
Shaun Dobson, Peter Steel, Alex Bond
(Corporate Finance)
Tom Salvesen (Corporate Broking)
Walbrook PR Limited Tel: +44 (0)20 7933 8780 or abingdon@walbrookpr.com
Paul McManus / Phillip Mob: +44 (0)7980 541 893 / +44 (0)77867
Marriage 984 082
Alice Woodings Mob: +44 (0)7407 804 654
Expected timetable of principal events:
2021
Record Date for entitlement under the Open Offer 30 November
Announcement of the Fundraising 7.00 a.m. on 1
December
Announcement of the results of the Placing, the 1 December
Subscription and the PrimaryBid Offer
Publication and posting of the Circular, Notice 2 December
of General Meeting, Form of Proxy and, to Qualifying
Non-Crest Shareholders, the Application Form
Ex-Entitlement Date of the Open Offer 2 December
Open Offer Entitlements and Excess Open Offer Entitlements 3 December
credited to stock accounts in CREST of Qualifying
CREST Shareholders
Admission of the First Placing Shares to trading 8 a.m. on 3 December
on AIM and commencement of dealings
Where applicable, expected date for CREST accounts 3 December
to be credited in respect of First Placing Shares
in uncertificated form
Latest recommended time and date for requested withdrawal 4.30 p.m. on 13
of Open Offer Entitlements December
Latest time and date for depositing Open Offer Entitlements 3.00 p.m. on 14
in CREST December
Latest time and date for splitting of Application 3.00 p.m. on 15
Forms under the Open Offer December
Latest time and date for receipt of Forms of Proxy 10.30 a.m. on
and CREST voting instructions 16 December
Latest time and date for receipt of Application 11.00 a.m. on
Forms and payment in full under the Open Offer and 17 December
settlement of relevant CREST instructions (as appropriate)
Where applicable, expected date for dispatch of 17 December
definitive share certificates for First Placing
Shares in certificated form
General Meeting 10.30 a.m. on
20 December
Results of the General Meeting and the Open Offer 20 December
announced
Admission of the Second Admission Shares to trading 8 a.m. on 21 December
on AIM and commencement of dealings
Where applicable, expected date for CREST accounts 21 December
to be credited in respect of Second Admission Shares
in uncertificated form
Where applicable, expected date for dispatch of 6 January 2022
definitive share certificates for Second Admission
Shares in certificated form
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END
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