Brief: Biomerieux Makes Strategic Investment In Oxford Nanopore

Biomerieux SA

19/10/2023 07:23

Oct 19 (Reuters) - Biomerieux SA  BIOX.PA :
    * BIOMÉRIEUX TO SUBSCRIBE FOR 29,025,326 ORDINARY SHARES IN
OXFORD
NANOPORE AT A SUBSCRIPTION PRICE OF 238.08P PER SHARE
    * MAKES STRATEGIC INVESTMENT IN OXFORD NANOPORE
    * ANNOUNCE THAT BIOMÉRIEUX IS MAKING AN IMMEDIATE £70M
INVESTMENT
IN OXFORD NANOPORE
    * OXFORD NANOPORE RECONFIRMS ITS GUIDANCE TO BE ADJUSTED
EBITDA
BREAKEVEN BY THE END OF 2026
    * IN ADDITION, BIOMÉRIEUX EXPECTS TO MAKE FURTHER MARKET
PURCHASES
OF OXFORD NANOPORE’S SHARES FROM TIME TO TIME, UP TO A FURTHER
3.5% OF OXFORD NANOPORE’S SHARES, SUBJECT TO AVAILABILITY AND
PRICE

Source text for Eikon:  ID:nNDL1cPbPQ 
Further company coverage:  BIOX.PA ;  ONT.L 

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