Tekcapital plc Update re. Belluscura IPO (1357Y)
01 December 2017 - 9:14PM
UK Regulatory
TIDMTEK
RNS Number : 1357Y
Tekcapital plc
01 December 2017
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
1 December 2017
Tekcapital plc
("Tekcapital" or the "Company")
Update re. Belluscura IPO
Further to the announcement made on 16 November 2017, the Board
of Tekcapital plc (AIM: TEK), a UK intellectual property (IP)
investment group focused on creating marketplace value from
university technology, today provides an update on the proposed IPO
of Belluscura Limited ("Belluscura").
Due to current market conditions and certain other Enterprise
Investment Scheme/Venture Capital Trust requirements having not
been met in the expected timeframe, Belluscura is unable to proceed
with the IPO and acquisition of licenses to manufacture and sell
the STIC from Stryker Corporation. Belluscura is actively
considering other alternatives.
For further information, please contact:
Tekcapital Plc
Clifford M. Gross, Ph.D. info@tekcapital.com
Allenby Capital Limited (AIM
Nominated
Adviser & Joint Broker) +44 (0) 20 3328 5656
Jeremy Porter / Alex Brearley
Dowgate Capital Stockbrokers
(Joint Broker) +44 (0) 1293 517744
David Poutney / James Serjeant
Walbrook PR Ltd +44 (0) 20 7933 8780
Paul Cornelius / Helen Cresswell tekcapital@walbrookpr.com
/ Sam Allen
Tekcapital plc - The World's Largest University Network for Open
Innovation
Tekcapital's objective is to create value from investing in new,
university-developed intellectual properties and produce returns
through capital appreciation. With its proprietary discovery search
engine, linked to 4,500+ universities in 160 countries, coupled
with expert scientific review, Tekcapital makes it easy to find and
acquire the new IP needed to create a competitive advantage. Our IP
services include invention discovery reports, search tools,
analytics and IP professional recruitment to help universities and
companies create value from new discoveries. Tekcapital plc is
quoted on the AIM market of the London Stock Exchange (AIM: symbol
TEK) and is headquartered in Oxford, in the UK. For more
information, please visit www.tekcapital.com
LEI: 213800GOJTOV19FIFZ85
This information is provided by RNS
The company news service from the London Stock Exchange
END
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