Advanced Oncotherapy - Exercise of Warrants and Issue of Equity

Advanced Oncotherapy

17/02/2022 16:25

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RNS Number : 0527C  Advanced Oncotherapy PLC  17 February 2022

17 February 2022

 

ADVANCED ONCOTHERAPY PLC

 

("Advanced Oncotherapy" or the "Company")

 

Exercise of Warrants and Issue of Equity

 

Advanced Oncotherapy (AIM:AVO), the developer of LIGHT, the next-generation
proton therapy system for cancer treatment, announces that it has received an
exercise notice in respect of warrants (issued in July 2017) to subscribe for
3,100,000 new ordinary shares of 25 pence in the Company ("New Ordinary
Shares"), with an exercise price of 25 pence per share, as a result of which
the Company will receive proceeds of £775,000.

 

Once issued, the New Ordinary Shares will rank pari passu in all respects with
the existing Ordinary Shares of the Company.

 

Application will be made shortly for the 3,100,000 New Ordinary Shares to be
admitted to trading on AIM ("Admission") and it is expected that Admission
will occur on or around 24 February 2022.

 

Total voting rights

 

Following Admission, the Company's enlarged issued share capital will comprise
455,212,211 ordinary shares of 25 pence each, with one voting right per share
("Ordinary Shares"). The Company does not hold any ordinary shares in treasury
and therefore the total number of Ordinary Shares with voting rights in the
Company is 455,212,211

 

The aforementioned figure may be used by shareholders 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.

 

- ENDS -

 

 

 Advanced Oncotherapy plc                          www.avoplc.com (http://www.avoplc.com)
 Dr Michael Sinclair, Executive Chairman           Tel: +44 (0) 20 3617 8728
 Nicolas Serandour, CEO

 Allenby Capital Limited (Nomad and Joint Broker)
 Nick Athanas / Liz Kirchner (Corporate Finance)   Tel: +44 (0) 20 3328 5656

 Amrit Nahal / Matt Butlin (Sales & Broking)

 SI Capital Ltd (Joint Broker)
 Nick Emerson                                      Tel: +44 (0) 1483 413 500
 Jon Levinson                                      Tel: +44 (0) 20 3871 4066

 FTI Consulting (Financial PR & IR)                advancedoncotherapy@fticonsulting.com
                                                   (mailto:advancedoncotherapy@fticonsulting.com)
 Simon Conway / Rob Winder                         Tel: +44 (0) 20 3727 1000

 

Notes for Editors

 

About Advanced Oncotherapy Plc www.avoplc.com (http://www.avoplc.com/)

 

Advanced Oncotherapy, a UK headquartered company with offices in London,
Geneva, The Netherlands and in the USA, is a provider of particle therapy with
protons that harnesses the best in modern technology. Advanced Oncotherapy's
team "ADAM," based in Geneva, focuses on the development of a proprietary
proton accelerator called, Linac Image Guided Hadron Technology (LIGHT).
LIGHT's compact configuration delivers proton beams in a way that facilitates
greater precision and electronic control.

 

Advanced Oncotherapy will offer healthcare providers affordable systems that
will enable them to treat cancer with innovative technology as well as
expected lower treatment-related side effects.

 

Advanced Oncotherapy continually monitors the market for any emerging
improvements in delivering proton therapy and actively seeks working
relationships with providers of these innovative technologies. Through these
relationships, the Company will remain the prime provider of an innovative and
cost-effective system for particle therapy with protons.

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