REG - Genedrive PLC - Equity Prepayment Facility drawdown

GenedriveAnnouncement

05/07/2023 09:15

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RNS Number : 0566F  Genedrive PLC  05 July 2023

genedrive plc

("genedrive" or the "Company")

 

Equity Prepayment Facility drawdown

 

genedrive plc (LSE: GDR), the point of care molecular diagnostics company,
today announces a further scheduled £300,000 draw down under the terms of the
£5m Equity Prepayment Facility, which was previously announced by the Company
on 31 March 2023. Investors have  been granted 724,997  warrants equal to
40% of this drawdown divided by the Reference Price of 16.55178 pence. The
exercise price of the warrants payable to the Company will be 140% of the
Reference Price equating to 23.172492 pence.

 

Capitalised terms in this announcement shall, unless the context demands
otherwise, bear the meanings given to such terms in the announcement of the
Facility made via RNS on 31 March 2023.

 

 

For further information, please contact:

 

 genedrive plc                       +44 (0) 161 989 0245
 David Budd (CEO) / Russ Shaw (CFO)

 Peel Hunt LLP - Nominated Adviser, Joint Broker                                                    +44 (0) 20 7148 8900
 James Steel / Oliver Duckworth

 finnCap Ltd - Joint Broker                        +44 (0) 20 7220 0500
 Geoff Nash / George Dollemore

 Walbrook PR - Financial PR & IR Adviser                     +44 (0) 20 7933 8780
 Paul McManus / Anna Dunphy          Or Genedrive@walbrookpr.com (mailto:Genedrive@walbrookpr.com)

 

 

About genedrive plc (http://www.genedriveplc.com
(http://www.genedriveplc.com) )

 

genedrive plc is a molecular diagnostics company developing and
commercialising a low cost, rapid, versatile, simple to use and robust point
of need molecular diagnostics platform for the diagnosis of infectious
diseases and for use in patient stratification (genotyping), pathogen
detection and other indications. The company are currently developing a
genetic test for CYP2C19 metaboliser status.

 

 

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