REG - Genedrive PLC - Total Voting Rights

GenedriveAnnouncement

15/01/2024 15:30

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RNS Number : 7432Z  Genedrive PLC  15 January 2024

genedrive plc

("genedrive" or the "Company")

 

Application for Listing

 

Total Voting Rights

 

genedrive plc (AIM: GDR), the point of care pharmacogenetic testing company,
confirms that in order to support the further drawdown and delivery of its
£5M Equity Prepayment facility that was announced on 31 March 2023,
application has been made for the Admission to trading on AIM of 3,900,000 new
Ordinary Shares of 1.5p each ("New Ordinary Shares").  Admission of the New
Ordinary Shares ("Admission") is expected to occur on 19 January 2024.
Following Admission, the New Ordinary Shares will rank pari passu in all
respects with the Company's existing ordinary shares.

 

Following Admission the Company's issued share capital will consist of
130,089,946 Ordinary Shares of 1.5p each and this figure may be used by
shareholders as the denominator for the calculations by which they should
determine if they are required to notify their interest in, or change to their
interest in, the Company under the FCA's Disclosure Guidance and Transparency
Rules.

 

For further details please contact:

 

 genedrive plc                                     +44 (0)161 989 0245
 James Cheek: CEO / Russ Shaw: CFO

 Peel Hunt LLP (Nominated Adviser and Broker)      +44 (0)20 7418 8900
 James Steel / Patrick Birkholm

 Walbrook PR Ltd (Media & Investor Relations)      +44 (0)20 7933 8780 or genedrive@walbrookpr.com
                                                   (mailto:genedrive@walbrookpr.com)
 Anna Dunphy                                        +44 (0)7876 741 001

 

 

About genedrive plc (http://www.genedriveplc.com
(http://www.genedriveplc.com/) )  genedrive plc is a pharmacogenetic testing
company developing and commercialising a low cost, rapid, versatile, simple to
use and robust point of need pharmacogenetic platform for the diagnosis of
genetic variations. This helps clinicians to quickly access key genetic
information that will help them make the right choices over the right medicine
or dosage to use for an effective treatment. Based in the UK, the Company is
at the forefront of work on Point of Care pharmacogenetics. Pharmacogenetics
looks at how your genetics impacts a medicines ability to work for you.
Therefore, by using pharmacogenetics, medicines can be made safer and more
effective. The Company has launched its flagship product, the Genedrive®
MT-RNR1 ID Kit, which is a single-use disposable cartridge which circumvents
the requirement for cold chain logistics by providing temperature stable
reagent test kits for use on their proprietary test platform. This test allows
clinicians to make a decision on antibiotic use within 26 minutes, ensuring
vital care is delivered with no negative impact on the patient pathway.

 

The Company has a clear commercial strategy focused on accelerating growth
through maximising in-market sales, geographic and portfolio expansion and
strategic M&A, and operates out of its facilities in Manchester.

 

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