Advanced Oncotherapy - Update re admission of Subscription Shares

Advanced Oncotherapy

22/04/2022 07:00

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RNS Number : 9761I  Advanced Oncotherapy PLC  22 April 2022

22 April 2022

 

ADVANCED ONCOTHERAPY PLC

 

("Advanced Oncotherapy" or the "Company")

 

Update re admission of Subscription Shares

 

Advanced Oncotherapy (AIM:AVO), the developer of LIGHT, the next-generation
proton therapy system for cancer treatment, announces that further to its
announcements on 12 April 2022 and 19 April 2022, application has been made
for 400,000 Subscription Shares to be admitted to trading on AIM
("Admission") and it is expected that Admission will occur on or around 27
April 2022.

 

Second Admission will now comprise 3,540,000 Subscription Shares and is
expected to take place on or around 10 May 2022.

 

Total Voting Rights

Following Admission on 27 April 2022, the Company's enlarged issued share
capital will comprise 466,612,211 Ordinary Shares, of 25 pence each ("Ordinary
Shares"). The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of Ordinary Shares in the Company with voting
rights on 27 April 2022 will be 466,612,211. Upon Second Admission, the
Company's enlarged issued share capital will comprise 470,152,211 Ordinary
Shares, of 25 pence each and the total number of Ordinary Shares in the
Company with voting rights on Second Admission will be 470,152,211. The
aforementioned figures 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.

 

Defined terms used in this announcement shall have the same meaning as in the
announcement of 12 April 2022 unless otherwise defined herein.

- 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 and Corporate 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

 

About Advanced Oncotherapy Plc

 

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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