UK's Cizzle Biotechnology falls on discounted subscription

Cizzle Biotechnology Holdings

12/06/2023 09:35

** Shares of Cizzle Biotechnology Holdings  CIZ.L  fall as
much as 15.9% at 2p; among top pct losers across London shares
    ** Co raises 350,000 pounds ($440,615.00) via subscription
of 16.67 mln new shares at 2.1p/share
    ** Subscription price represents a discount of 11.7% on
previous close of 2.38p
    ** Funds raised from the subscription will be used to
develop technologies for detecting lung and other cancers at an
early stage - Allan Syms, executive chairman
    ** As of last close, stock up 53.2% YTD

($1 = 0.7943 pounds)

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))