REG - Oxford BioDynamics - Results of PrimaryBid Offer

Oxford BiodynamicsAnnouncement

04/08/2023 07:00

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RNS Number : 2896I  Oxford BioDynamics PLC  04 August 2023

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, NEW
ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR IN OR INTO ANY OTHER
JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

 

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF
CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION,
RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE
ACQUIRE OR DISPOSE OF ANY SECURITIES OF OXFORD BIODYNAMICS PLC IN ANY
JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").  UPON THE
PUBLICATION OF THIS ANNOUNCEMENT SUCH INFORMATION WILL NO LONGER CONSTITUTE
INSIDE INFORMATION.

 

Capitalised terms not otherwise defined herein shall have the meanings given
to them in the announcement made by Oxford BioDynamics PLC in respect of the
launch of the PrimaryBid Offer on 1 August 2023, unless the context requires
otherwise.

 

4 August 2023

Oxford BioDynamics PLC

Results of PrimaryBid Offer

Oxford BioDynamics PLC (AIM: OBD, "OBD" or "the Company"), a biotechnology
company developing precision medicine tests based on the EpiSwitch® 3D
genomics platform, is pleased to announce the successful completion of the
PrimaryBid Offer that was announced on 1 August 2023.

Following the successful completion of the Placing and the Subscription, as
announced by the Company on 2 August 2023 (the "Results Announcement"), retail
investors have subscribed via the PrimaryBid platform for a total of 4,941,611
new Ordinary Shares at an issue price of 11p per Ordinary Share, raising gross
proceeds of approximately £543,577.

Consequently, in aggregate, 55,591,035 new Ordinary Shares will be issued
pursuant to the Placing, the Subscription and the PrimaryBid Offer,
representing approximately 27.5 per cent. of the Company's issued share
capital as enlarged by the Placing, the Subscription and the PrimaryBid Offer,
and raising aggregate gross proceeds of approximately £6.1 million.

Further to the Director and PDMR participations set out in the Results
Announcement, Dr Alexandre Akoulitchev, Chief Scientific Officer, has
subscribed for 300,000 shares in the PrimaryBid Offer and Paul Stockdale,
Chief Financial Officer, has subscribed for 90,909 Ordinary Shares in the
PrimaryBid Offer.

Admission and settlement

An application will be made to the London Stock Exchange for the new Ordinary
Shares to be admitted to trading on AIM. It is expected that Admission will
become effective and dealings in the new Ordinary Shares to be issued pursuant
to the Placing, the Subscription and the PrimaryBid Offer will commence on 22
August 2023, subject to the approval by the Company's shareholders of the
resolutions to be proposed at a general meeting of the Company's shareholders
to be held at 10.00 a.m. on 18 August 2023 in connection with the Fundraising.

The new Ordinary Shares to be issued pursuant to the Placing, the Subscription
and the PrimaryBid Offer will, on Admission, rank in full for all dividends
and other distributions declared, made or paid on the Ordinary Shares after
Admission and will otherwise rank pari passu in all respects with the
Company's existing Ordinary Shares.

-Ends-

For more information:

 Oxford BioDynamics Plc                             Tel: +44 (0)1865 518910

 Jon Burrows, CEO

 Paul Stockdale, CFO
 PrimaryBid Limited                                 enquiries@primarybid.com (mailto:enquiries@primarybid.com)

 Fahim Chowdhury/James Deal
 Shore Capital - Nominated Adviser                  Tel: +44 (0)20 7408 4090

 Stephane Auton / Iain Sexton
 Instinctif Partners - Financial PR                 Tel: +44 (0)20 7457 2020

 Melanie Toyne-Sewell / Rozi Morris / Adam Loudon   OxfordBioDynamics@instinctif.com

 

About Oxford BioDynamics Plc

Oxford BioDynamics Plc (AIM: OBD) is a global biotechnology company, advancing
personalized healthcare by developing and commercializing precision medicine
tests for life-changing diseases.

Its flagship product is EpiSwitch® CiRT
(https://url.avanan.click/v2/___https:/www.mycirt.com/___.YXAxZTpzaG9yZWNhcDphOm86OTRjOGE5ZDRmYWIwMTc2MWFhZjYyZTZkMWJhZTFmNDg6NjphN2EwOmU5ZDc2NmYxZjYxNTk4OGE3YzY3NzkzYWRmODlmMmZmMzBmZmU2ZDZlZmNhMWI0ZmRlYjE3Nzc5N2Q4NmUzZTc6cDpU)
(Checkpoint Inhibitor Response Test) for cancer, a predictive immune response
profile for immuno-oncology (IO) checkpoint inhibitor treatments, launched in
February 2022.

OBD's next commercial product will be the Prostate Screening EpiSwitch® (PSE)
blood test, due to be launched in Q4 2023.

In March 2021, the Company launched its first commercial prognostic test,
EpiSwitch® CST
(https://url.avanan.click/v2/___https:/covidseveritytest.com/___.YXAxZTpzaG9yZWNhcDphOm86OTRjOGE5ZDRmYWIwMTc2MWFhZjYyZTZkMWJhZTFmNDg6NjpmZWY1OmMzOGIyYTk2Yjk1OTgyMDNlMGFkNmQwZGU3ZmNmYzQwMzZmMGIwZDQ5NzA0OTAzNDc0NzY2ZDQyZGZiYjk5YWU6cDpU)
(Covid Severity Test) and the first commercially available microarray kit for
high-resolution 3D genome profiling and biomarker discovery, EpiSwitch®
Explorer Array Kit
(https://url.avanan.click/v2/___https:/store.oxfordbiodynamics.com/___.YXAxZTpzaG9yZWNhcDphOm86OTRjOGE5ZDRmYWIwMTc2MWFhZjYyZTZkMWJhZTFmNDg6NjpiMWU2OjMzMTc0NWQ5ZWZhODg0MmY1N2EzZjY2YWRkZDI5YjBkOTRhM2M0ZTZkOGJkNWM2Y2I5MDE4MmQ4M2Y4ZjViMDY6cDpU)
, which is available for purchase by the life science research community.

The Company has developed a proprietary 3D genomic biomarker platform,
EpiSwitch®, which can build molecular diagnostic classifiers for the
prediction of response to therapy, patient prognosis, disease diagnosis and
subtyping, and residual disease monitoring in a wide range of indications.

Oxford BioDynamics has participated in more than 40 partnerships with big
pharma and leading institutions including Pfizer, EMD Serono, Genentech,
Roche, Biogen, Mayo Clinic, Massachusetts General Hospital and Mitsubishi
Tanabe Pharma.

The Company has created a valuable technology portfolio, including biomarker
arrays, molecular diagnostic tests, bioinformatic tools for 3D genomics and an
expertly curated 3D genome knowledgebase comprising hundreds of millions of
data points from over 10,000 samples in more than 30 human diseases.

OBD is headquartered in Oxford, UK and is listed on AIM of the London Stock
Exchange. It also has a commercial office in Gaithersburg and a clinical
laboratory in Frederick, MD, USA, and a reference laboratory in Penang,
Malaysia.

For more information, please visit the Company's website,
www.oxfordbiodynamics.com
(https://url.avanan.click/v2/___http:/www.oxfordbiodynamics.com___.YXAxZTpzaG9yZWNhcDphOm86OTRjOGE5ZDRmYWIwMTc2MWFhZjYyZTZkMWJhZTFmNDg6Njo3ZjFmOjUxZjRiNmRmMzBiMGI3ZjA2NDJjNjFkZTc2MTM5MThjYjUxZGNiN2ZhNmRhNWRkMjY0MTAwNWY4ODA3ZjE4ZjU6cDpU)
, or follow OBD on Twitter
(https://url.avanan.click/v2/___https:/twitter.com/OxBioDynamics___.YXAxZTpzaG9yZWNhcDphOm86OTRjOGE5ZDRmYWIwMTc2MWFhZjYyZTZkMWJhZTFmNDg6NjplM2FmOjIwMTI1ZWNlOWJkYjRjZDQ1YjA4YWI2NDc0NWY1OWYzNzg1NTEzYjM0NjIwYTZmNTljNjk0YTQ1YzBkMjg0OTM6cDpU)
(@OxBioDynamics) and LinkedIn
(https://url.avanan.click/v2/___https:/www.linkedin.com/company/oxford-biodynamics___.YXAxZTpzaG9yZWNhcDphOm86OTRjOGE5ZDRmYWIwMTc2MWFhZjYyZTZkMWJhZTFmNDg6Njo2YjgzOjcwMGI3YTM5ODdkMDVmNjA5ZDgxN2FmYWVjYTJkMjIzM2E3NTgzYzM0ZGIzMGIyZDIyYWZlZTVjN2QyZmY4ZGQ6cDpU)
.

 

About EpiSwitch®

The 3D configuration of the genome plays a crucial role in gene regulation. By
mapping this architecture and identifying abnormal configurations, EpiSwitch®
can be used to diagnose patients or determine how individuals might respond to
a disease or treatment.

Built on over 10 years of research, EpiSwitch® is Oxford Biodynamics'
award-winning, proprietary platform that enables screening, evaluation,
validation and monitoring of 3D genomic biomarkers. The technology is fully
developed, based on testing of over 10,000 samples in 30 disease areas, and
reduced to practice.

In addition to stratifying patients with respect to anticipated clinical
outcomes, EpiSwitch® data offer insights into systems biology and the
physiological manifestation of disease that are beyond the scope of other
molecular modalities. The technology has performed well in academic medical
research settings and has been validated through its integration in biomarker
discovery and clinical development with big pharma.

 

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