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Retroscreen Virology Group PLC Announces Conditional Placing


Friday, 14 Jun 2013 02:00am EDT 

Retroscreen Virology Group PLC announced that it has raised GBP25.5 million (before expenses) by way of a placing of 12,750,000 new Ordinary Shares with both new and existing institutional shareholders at a price of 200 pence per Ordinary Share. The Placing Price is at a discount of 28.6 per cent. to the closing middle market price of 280 pence per Ordinary Share on June 13, 2013, the latest date prior to this Announcement. The Placing Shares will represent 23.7% of the Company's enlarged issued ordinary share capital immediately following completion of the Placing. The net proceeds of the issue of the Placing Shares are expected to be approximately GBP25.0 million and will be used by the Company to build, validate and establish the Airways Disease Viral Exacerbation Challenge Model (or AD-VCM) and to build the Group's Discovery Division. 

Company Quote

278.5
-10.5 -3.59%
11 Sep 2014