Fusion Antibodies PLC Total Voting Rights (9775M)
27 September 2021 - 4:00PM
UK Regulatory
TIDMFAB
RNS Number : 9775M
Fusion Antibodies PLC
27 September 2021
Fusion Antibodies plc
("Fusion" or the "Company")
Block Admission Application, Exercise of Options and Total
Voting Rights
Block Admission Application
Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical
antibody discovery, engineering and supply for both therapeutic
drug and diagnostic applications, announces that it has made an
application to the London Stock Exchange for the block admission to
trading on AIM ("Admission") of 917,083 new ordinary shares of 4p
each in the Company ("New Ordinary Shares") (the "Block
Admission"). The Block Admission is being made for any issue and
allotment of New Ordinary Shares arising from the exercise of the
following options:
-- 128,750 historic options granted prior to the Company's
admission to trading on AIM and with an exercise price of 4
pence
-- 788,333 options granted pursuant to the Company's EMI and
Unapproved Employee Share Option Scheme with an exercise price of
54.5 pence.
Upon issue, the New Ordinary Shares will be issued and credited
as fully paid and rank pari passu in all respects with the existing
ordinary shares of the Company. In accordance with Rule 29 of the
AIM Rules for Companies, the number of New Ordinary Shares issued
and allotted under the Block Admission arrangement will be
announced every six months.
It is expected that the Block Admission will become effective on
or around 1 October 2021 (the "Effective Date"). The Company
expects to publish its next six-monthly Block Listing Interim
Review on or around 1 April 2021.
Exercise of Options
Following the receipt of an option exercise notice by an
employee of the Company, 23,334 New Ordinary Shares are being
issued pursuant to the Block Admission. The options were granted
pursuant to the Company's EMI Employee Share Option Scheme with an
exercise price of 54.5p. The New Ordinary Shares will rank pari
passu in all respects with the Company's existing ordinary shares
and Admission is expected to take place on the Effective Date.
Total Voting Rights
As a result of the exercise of options, from Admission the
issued share capital of the Company will comprise 25,918,280
ordinary shares of 4 pence each with one voting right per share
("Ordinary Shares"). The Company does not hold any Ordinary Shares
in treasury. Therefore, from Admission, the total number of
Ordinary Shares and voting rights in the Company will be
25,918,280. From Admission, the above figure may be used by
shareholders in the Company 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 share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
Enquiries:
Fusion Antibodies plc www.fusionantibodies.com
Richard Jones, Chief Executive Officer Via Walbrook PR
James Fair, Chief Financial Officer
Allenby Capital Limited Tel: +44 (0)20 3328
5656
James Reeve, Vivek Bhardwaj (Corporate
Finance)
Tony Quirke (Sales and Corporate Broking)
Walbrook PR Tel: +44 (0)20 7933 8780 or fusion@walbrookpr.com
Anna Dunphy Mob: +44 (0)7876 741
001
Paul McManus Mob: +44 (0)7980 541
893
About Fusion Antibodies plc
Fusion is a Belfast based contract research organisation ("CRO")
providing a range of antibody engineering services for the
development of antibodies for both therapeutic drug and diagnostic
applications.
The Company's ordinary shares were admitted to trading on AIM on
18 December 2017. Fusion provides a broad range of services in
antibody generation, development, production, characterisation and
optimisation. These services include antigen expression, antibody
production, purification and sequencing, antibody humanisation
using Fusion's proprietary CDRx (TM) platform and the production of
antibody generating stable cell lines to provide material for use
in clinical trials. Since 2012, the Company has successfully
sequenced and expressed over 250 antibodies and successfully
completed over 200 humanisation projects and has an international,
blue-chip client base, which has included eight of the top 10
global pharmaceutical companies by revenue.
The Company was established in 2001 as a spin out from Queen's
University Belfast. The Company's mission is to enable
pharmaceutical and diagnostic companies to develop innovative
products in a timely and cost-effective manner for the benefit of
the global healthcare industry. Fusion Antibodies provides a broad
range of services in antibody generation, development, production,
characterisation and optimisation.
Fusion Antibodies growth strategy is based on combining the
latest technological advances with cutting edge science to deliver
new platforms that will enable Pharma and Biotech companies get to
the clinic faster, with the optimal drug candidate and ultimately
speed up the drug development process.
The global monoclonal antibody therapeutics market was valued at
$135.4 billion in 2018 and is forecast to surpass $212.6 billion in
2022, an increase at a CAGR of 12.0 per cent. for the period 2018
to 2022. In 2017, seven of the world's ten top selling drugs were
antibody-based therapeutics with the combined annual sales of these
drugs exceeding $63.2 billion.
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