REG - Physiomics PLC - Result of WRAP Retail Offer

PhysiomicsAnnouncement

17/02/2025 13:00

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RNS Number : 3905X  Physiomics PLC  17 February 2025

Unless otherwise defined herein, the capitalised terms used in this
announcement have the same meaning as those used in the Company's
announcements released on 13 February 2025.

 

17 February 2025

 

Physiomics plc

 

("Physiomics" or the "Company")

 

Result of WRAP Retail Offer

 

Physiomics plc (AIM: PYC), is pleased to announce, further to the
announcements made on 13 February 2025, the completion of the WRAP Retail
Offer, at the same price as the previously announced Placing (together the
"Fundraise").  The WRAP Retail Offer, which closed at 11 a.m. today, has
raised aggregate gross proceeds of £70,000 through the issue of a total of
14,000,000 new Ordinary Shares, alongside the previously announced Placing of
£430,000. The WRAP Retail Offer was slightly oversubscribed and was therefore
subject to a small scale back.

 

The Fundraise, which is conditional on Admission, raised gross proceeds of, in
aggregate, £500,000, via the issue of 86,000,000 Placing Shares pursuant to
the Placing and 14,000,000 WRAP Retail Offer Shares pursuant to the WRAP
Retail Offer.

 

Use of Proceeds

In order to further develop its business and accelerate growth, the Company is
raising funds to carry out the following activities and for general working
capital:

·    Mathematical Modelling Consulting Service

o  Recruitment of further technical team members to accelerate the conversion
of the pipeline and support service delivery;

o  Investment in Business Development and Marketing to build and strengthen
the pipeline, expand into new therapeutic areas, further develop its data
science offering and refresh messaging; and

o  Explore strategic options to accelerate the growth of modelling services.

·    Biostatistics Consulting Service

o  Organic growth of the service though Business Development and Marketing to
acquire clients; and

o  Explore strategic options to accelerate the growth of biostatistics
services.

·    Personalised Medicine Tool Development

o  Explore a deeper relationship with DoseMe to develop models to be
implemented on their platform; and

o  Implementation of the Company's current personalised dosing tool on the
DoseMeRx Platform enabling it to be made available to clinicians across the
US.

 

 

Admission and Total Voting Rights

Applications have been made for the Placing Shares and the WRAP Retail Offer
Shares to be admitted to trading on AIM, which is expected to become effective
and dealings commence on or around 8.00 a.m. on 18 February 2025
("Admission").

 

Following Admission, the Company's issued ordinary share capital will consist
of 303,208,718 Ordinary Shares. Since the Company currently holds no Ordinary
Shares in treasury, the total voting rights in the Company will be
303,208,718. These figures may be used by shareholders of the Company 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
Company under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.

 

The new Ordinary Shares to be issued pursuant to the WRAP Retail Offer will be
issued free of all liens, charges and encumbrances and will, on Admission,
rank pari passu in all respects with the new Ordinary Shares to be issued
pursuant to the Placing and the Company's existing Ordinary Shares.

 

For further information, please contact:

 Physiomics plc                      +44 (0) 1235 841575
 Dr Peter Sargent, CEO

 Hybridan LLP (Broker)               +44 (0) 203 764 2341
 Claire Louise Noyce

 Strand Hanson Limited (NOMAD)       +44 (0) 20 7409 3494

 James Dance & James Bellman
 Winterflood Retail Access Platform  WRAP@winterflood.com
 Joe Winkley, Sophia Bechev          +44 (0)20 8100 0000

 

Further information on the Company can be found on its website at
www.physiomics.co.uk

 

The Company's LEI is 213800A71DSZ6ABMTQ91.

 

 

 

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