REG - Novacyt S.A. - Liquidity Agreement and Total Voting Rights

Novacyt SAAnnouncement

01/06/2022 13:00

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RNS Number : 5725N  Novacyt S.A.  01 June 2022

Novacyt S.A.

 

("Novacyt" or the "Company")

 

Liquidity Agreement Monthly Update and

Total Voting Rights

 

 

Paris, France and Camberley, UK - 1 June 2022 - Novacyt (EURONEXT GROWTH:
ALNOV; AIM: NCYT), an international specialist in clinical diagnostics,
announces its monthly update in relation to ordinary shares traded under its
ongoing liquidity agreement with Invest Securities SA (the "Liquidity
Agreement"). The Liquidity Agreement is governed by French law and is further
summarised in the 'notes for editors' section below.

 

During the period from 1 May to 31 May 2022, Invest Securities purchased 8,622
ordinary shares at a maximum price of €1.87 and a minimum price of €1.69
and sold 9,772 ordinary shares at a maximum price of €1.94 and a minimum
price of €1.72 under the Liquidity Agreement. The total number of ordinary
shares in the Company, which are held in treasury as at close of business on
31 May 2022, is 10,479.

 

Total Voting Rights

 

The total number of ordinary shares in the Company is 70,626,248. This figure
may be used by shareholders as the denominator for calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company pursuant to Article L. 223-7 of the French
Commercial Code and the Company's Articles. The Company is not subject to the
disclosure guidance and transparency rules made by the Financial Conduct
Authority under Part VI of FSMA.

 

For further information, please refer to www.novacyt.com
(http://www.novacyt.com/) or contact:

 

Novacyt SA

David Allmond, Chief Executive Officer

James McCarthy, Chief Financial Officer

+44 (0)1276 600081

 

SP Angel Corporate Finance LLP (Nominated Adviser and Broker)

Matthew Johnson / Charlie Bouverat (Corporate Finance)

Vadim Alexandre / Rob Rees (Corporate Broking)

+44 (0)20 3470 0470

 

Numis Securities Limited (Joint Broker)

Freddie Barnfield / James Black

+44 (0)20 7260 1000

 

Allegra Finance (French Listing Sponsor)

Rémi Durgetto / Yannick Petit

+33 (1) 42 22 10 10

r.durgetto@allegrafinance.com (mailto:r.durgetto@allegrafinance.com) /
y.petit@allegrafinance.com (mailto:y.petit@allegrafinance.com)

 

FTI Consulting (International)

Victoria Foster Mitchell / Alex Shaw

+44 (0)20 3727 1000

victoria.fostermitchell@fticonsulting.com
(mailto:victoria.fostermitchell@fticonsulting.com) /
Alex.Shaw@fticonsulting.com (mailto:Alex.Shaw@fticonsulting.com)

 

FTI Consulting (France)

Arnaud de Cheffontaines

+33 (0)147 03 69 48

arnaud.decheffontaines@fticonsulting.com
(mailto:arnaud.decheffontaines@fticonsulting.com)

 

About Novacyt Group

The Novacyt Group is an international diagnostics business generating an
increasing portfolio of in vitro and molecular diagnostic tests.  Its core
strengths lie in diagnostics product development, commercialisation, contract
design and manufacturing. The Company's lead business units comprise of
Primerdesign and Lab21 Products, supplying an extensive range of high-quality
assays and reagents worldwide. The Group directly serves microbiology,
haematology and serology markets as do its global partners, which include
major corporates.

 

For more information please refer to the website: www.novacyt.com
(http://www.novacyt.com)

 

Further information on the Liquidity Agreement

On 12 September 2016, the Company and Invest Securities entered into the
Liquidity Agreement pursuant to which Invest Securities provides liquidity
services in relation to the ordinary shares to the Company. Invest Securities
may purchase ordinary shares on behalf of the Company under the agreement,
subject to approval from Shareholders as to the price at which ordinary shares
can be brought back and the aggregate amount that the Company may provide to
Invest Securities to purchase such ordinary shares.

 

Shareholder approval was granted at the Shareholders' meeting held on 18
October 2021 for the purchase of ordinary shares by Invest Securities under
the agreement at a maximum purchase price per ordinary shares of €12.00 for
an aggregate maximum purchase price of €200,000 and for 18 months from the
date of the approval. Under the agreement, Invest Securities must act
completely independently of the Company and the Company must not communicate
with the employees of Invest Securities who are responsible for performing the
agreement. Invest Securities is paid €10,000 per annum for its services
under the liquidity agreement. The agreement has an initial term of two years,
with a rolling extension of one year thereafter. The agreement can be
terminated by either party at the end of each such period subject to two
months' prior notice. The Liquidity Agreement is governed by French law.
Ordinary shares purchased by Invest Securities are either cancelled or held as
treasury shares (which are non-voting and do not rank for dividends).

 

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