REG - IXICO plc - Result of Retail Offer

IXICOAnnouncement

15/10/2024 07:00

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RNS Number : 1449I  IXICO plc  15 October 2024

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

 

 

 

15 October 2024

 

 

IXICO PLC

 

("IXICO" or the "Company")

 

 

Result of Retail Offer

 

 

Further to the announcement dated 8 October 2024, IXICO plc (AIM: IXI), the
medical imaging advanced analytics company delivering insights in
neuroscience, is pleased to announce that, following the closing of the Retail
Offer on the BookBuild platform on 14 October 2024, 516,244 New Ordinary
Shares will be issued at the Issue Price of 9.5 pence per Retail Offer Share
in connection with the Retail Offer, raising an additional £49,043.

 

Consequently, conditional on the passing of the Resolutions at the General
Meeting, 41,315,792 Placing Shares, 789,472 Subscription Shares and 516,244
Retail Offer Shares, resulting in a total of 42,621,508 new Ordinary Shares,
will be issued in relation to the Fundraising, raising total gross proceeds of
£4.05 million.

 

Admission and Total Voting Rights

 

Application has been made for the Retail Offer Shares to be admitted to
trading on AIM ("Admission"). Admission is expected to take place at 8.00 a.m.
on or around 28 October 2024.

 

The Retail Offer Shares will, when issued, be credited as fully paid and will
rank pari passu in all respects with existing Ordinary Shares including the
right to receive all dividends and other distributions declared, made or paid
after their date of issue.

 

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 92,668,598 with each Ordinary Share carrying the
right to one vote. There are no shares held in treasury and therefore,
following Admission, the total number of voting rights in the Company will be
92,668,598. The above figure 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.

 

For the purposes of UK MAR, the person responsible for arranging release of
this announcement on behalf of the Company is Bram Goorden, Chief Executive
Officer.

 

Capitalised terms used in this announcement have the meaning given to them in
the Placing and Retail Offer announcement dated 8 October 2024, unless
otherwise defined in this announcement.

 

 

For further information please contact:

 

 IXICO plc                                           +44 (0) 20 3763 7499
 Bram Goorden, Chief Executive Officer

 Grant Nash, Chief Financial Officer

 Cavendish Capital Markets Limited                   +44 (0) 20 7220 0500

 (Nominated adviser and sole broker)
 Giles Balleny / Dan Hodkinson (Corporate Finance)
 Nigel Birks (Life Sciences Specialist Sales)
 Harriet Ward (Corporate Broking)
 Michael F Johnson / Tamar Cranford Smith (Sales)

 

About IXICO

IXICO is dedicated to delivering insights in neuroscience to help transform
the advancement of investigational therapies for neurological diseases, such
as Huntington's disease, Parkinson's disease and Alzheimer's disease. The
Company's purpose is to advance medicine and human health by turning data into
clinically meaningful information, providing valuable new insights in
neuroscience by supporting pharmaceutical companies across all phases of CNS
clinical research. IXICO's goal is to be a leading advocate of artificial
intelligence in medical image analysis.

 

IXICO has developed and deployed breakthrough data analytics, at scale,
through its remote access technology platform, to improve the return on
investment in drug development and reduce risk and uncertainty in clinical
trials for the Company's pharmaceutical clients.

 

More information is available on www.IXICO.com (http://www.ixico.com/)  and
follow us on X (formerly Twitter) @IXICOnews

 

 

 

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