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

Novacyt SAAnnouncement

03/01/2024 11:00

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RNS Number : 5298Y  Novacyt S.A.  03 January 2024

 

Novacyt S.A.

("Novacyt", the "Company" or the "Group")

 

Liquidity Agreement Monthly Update and Total Voting Rights

 

Paris, France, Eastleigh and Manchester, UK - 3 January 2024 -
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 below.

 

During the period from 1 December to 31 December 2023, Invest Securities
purchased 61,721 ordinary shares at a maximum price of €0.79 and a minimum
price of €0.69 and sold 57,524 ordinary shares at a maximum price of €0.81
and a minimum price of €0.69 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 December 2023, is 56,840.

 

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.

 

Contacts

 

 Novacyt SA                                                +44 (0) 23 8074 8830
 James Wakefield, Non-Executive Chairman

 James McCarthy, Acting Chief Executive Officer

 SP Angel Corporate Finance LLP (Nominated Adviser and Broker)                           +44 (0)20 3470 0470

 Matthew Johnson / Charlie Bouverat (Corporate Finance)

 Vadim Alexandre / Rob Rees (Corporate Broking)

 Deutsche Numis (Joint Broker)                                                           +44 (0)20 7260 1000
 Freddie Barnfield / Duncan Monteith / Michael Palser

 Allegra Finance (French Listing Sponsor)                                                +33 (1) 42 22 10 10
 Rémi Durgetto / Yannick Petit                                                            r.durgetto@allegrafinance.com (mailto:r.durgetto@allegrafinance.com) /
                                                                                         y.petit@allegrafinance.com (mailto:y.petit@allegrafinance.com)

 Walbrook PR (Financial PR & IR)                           +44 (0)20 7933 8780

 Stephanie Cuthbert / Anna Dunphy / Phillip Marriage       novacyt@walbrookpr.com (mailto:novacyt@walbrookpr.com)

 

 

About Novacyt Group

 

Novacyt is an international molecular diagnostics company providing a broad
portfolio of integrated technologies and services, primarily focused on the
delivery of genomic medicine. The Company develops, manufactures, and
commercialises a range of molecular assays and instrumentation to deliver
workflows and services that enable seamless end-to-end solutions from sample
to result across multiple sectors including human health, animal health and
environmental.

Novacyt is headquartered in Vélizy in France with offices in the UK (in
Stokesley, Eastleigh and Manchester), Taipei (divestment pending), Singapore,
the US and Canada and has a commercial presence in over 65 countries. The
Company is listed on the London Stock Exchange's AIM market ("NCYT") and on
the Paris Stock Exchange Euronext Growth ("ALNOV").

 

For more information, please refer to the website: 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 20 July
2022 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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