Tekcapital plc Belluscura First Day of Dealings on AIM (1637A)
28 May 2021 - 4:12PM
UK Regulatory
TIDMTEK
RNS Number : 1637A
Tekcapital plc
28 May 2021
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
28 May 2021
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Belluscura Plc ("Belluscura") IPO
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual
property investment group focused on creating valuable products
from investing in university technologies that can improve quality
of life, is pleased to announce that its portfolio company
Belluscura plc has been admitted to the AIM Market of the London
Stock Exchange and will commence trading today. Its ordinary shares
trade on the AIM market under ticker BELL.
Belluscura's announcement to this effect can be accessed via the
following link:
Admission to trading on AIM; First Day of Dealings - 07:00:06 28
May 2021 - BELL News article | London Stock Exchange
Tekcapital holds 17.1m shares of Belluscura plc. At the IPO
Price of 45 pence per Belluscura share, Tekcapital's holding is
worth US$10.8m, which represents an uplift of US$8.8m, on the book
value of the Company's holding in Belluscura (as at 30 November
2020). As part of the IPO process, TekCapital's shares are subject
to a 12 month lock-in period as required by AIM Rule 7.
"Our congratulations to Robert Rauker and the Belluscura team on
a job well done! The IPO of Belluscura represents the first public
listing of one of TekCapital's portfolio companies. It has been
achieved at a valuation which is substantially higher than the book
value of the Company's holding in Belluscura and we are delighted
that the fundraise was oversubscribed. We look forward to following
Belluscura's success on AIM going forward." said Dr. Clifford
Gross, Executive Chairman of Tekcapital.
For further information, please contact:
Tekcapital Plc Via Flagstaff
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker) +44 (0) 20 3470 0470
Richard Morrison/Charlie Bouverat (Corporate
Finance)
Abigail Wayne / Rob Rees (Corporate
Broking)
Flagstaff Strategic and Investor Communications +44 (0) 20 7129 1474
Tim Thompson/Andrea Seymour/Fergus Mellon
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed discoveries that can enhance people's lives
and provides a range of technology transfer services to help
organisations evaluate and commercialise new technologies.
Tekcapital is quoted on the AIM market of the London Stock Exchange
(AIM: symbol TEK) and is headquartered in the UK. For more
information, please visit www.tekcapital.com .
LEI: 213800GOJTOV19FIFZ85
Forward-Looking Statements
This press release is for informational purposes only. The
information herein does not constitute investment advice nor an
offer to invest and may contain statements related to our future
business and financial performance and future events or
developments involving Tekcapital or Belluscura that may constitute
forward-looking statements. These statements may be identified by
words such as "expect," "look forward to," "anticipate" "intend,"
"plan," "believe," "seek," "estimate," "will," "project" or words
of similar meaning. We may also make forward-looking statements in
other reports, in presentations, in material delivered to
customers, stakeholders and in press releases. In addition, our
representatives may from time to time make oral forward-looking
statements. Such statements may be based on the current
expectations and certain assumptions of Tekcapital management.
Please note that these are subject to a number of risks,
uncertainties and factors, including, but not limited to those
described in various disclosures. Should one or more of these risks
or uncertainties materialize, or should underlying expectations not
occur or assumptions prove incorrect, actual results, performance
or achievements of Tekcapital or Belluscura may vary materially
from those described explicitly or implicitly in the relevant
forward-looking statement. Tekcapital does not intend, nor assumes
any obligation, to update or revise these forward-looking
statements in light of developments which differ from those
anticipated .
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