NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART, IN OR INTO OR WITHIN THE UNITED STATES,
AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY
MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY
OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR
BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF
ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS
PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018 ("UK
MAR"). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC
DOMAIN.
Oxford BioDynamics plc
("Oxford BioDynamics" or the
"Company")
Result of WRAP Retail
Offer
Oxford, UK - 17 January 2025 -
Oxford Biodynamics plc, (AIM: OBD), a precision clinical
diagnostics company bringing specific and sensitive tests to the
practice of medicine based on OBD's EpiSwitch® 3D genomics
platform, is pleased to confirm, further to the announcements made
on 14 and 15 January 2025, the result of its Fundraise at the Issue
Price of 0.5 pence per share. The Company announces that it has
raised gross proceeds of approximately £350,000 pursuant to the
WRAP Retail Offer, in addition to the £7 million raised through the
Placing and Subscriptions announced on 15 January 2025.
Accordingly, the Company will issue 70,002,778 new Ordinary Shares
at the Issue Price pursuant to the WRAP Retail Offer.
In total, the Fundraising has raised
gross proceeds of approximately £7.35 million for the Company, via
the issue of 988,625,012 Placing Shares, 411,374,988 Subscription
Shares and 70,002,778 WRAP Offer Shares.
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 General Admission will become
effective and dealings in the new Ordinary Shares to be issued
pursuant to the General Placing, the General Subscription and the
WRAP Retail Offer will commence on 4 February 2025, 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 31 January 2025 in connection with the
Fundraising.
The new Ordinary Shares to be issued
pursuant to the Fundraising 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.
Defined terms used but not defined
in this announcement have the meanings set out in the announcement
released by the Company on 14 January 2025 (the "Launch Announcement").
For
further information, please contact:
Oxford BioDynamics
PLC Matthew Wakefield,
Non-Executive Chairman
Paul
Stockdale, CFO
|
+44
(0)1865 518910
|
OAK Securities - Sole
Broker to
the
Fundraise
Jerry Keen
/ Henry Clarke / Damion Carruel
|
+44 (0)203
973 3678
|
Shore Capital - Nominated
Adviser Stephane Auton / Lucy
Bowden
|
+44 (0)20
7408 4090
|
WG
Partners - Financial Adviser to OBD
David
Wilson / Claes Spång / Satheesh Nadarajah /
Erland Sternby
|
+44 (0)20
3705 9330
|
Vigo Consulting - Media /
Analyst enquiries for OBD
Rozi Morris
|
+44 (0)20
7390 0230
obd@vigoconsulting.com
|
Winterflood Retail Access Platform
Joe Winkley
/ Sophia Bechev
|
WRAP@winterflood.com
+44 (0)203
100 0286
|
Further information on the Company
can be found on its website at www.oxfordbiodynamics.com
The Company's LEI is
2138005Y1TK258O5U928.
This announcement should be read in
its entirety. In particular, the information in the "Important Notices" section of the
announcement should be read and understood.
Important Notices
The content of this announcement,
which has been prepared by and is the sole responsibility of the
Company.
This announcement and the
information contained herein is not for release, publication or
distribution, directly or indirectly, in whole or in part, in or
into or from the United States (including its territories and
possessions, any state of the United States and the District of
Columbia (the "United
States" or "US")),
Australia, Canada, New Zealand, Japan, the Republic of South
Africa, any member state of the EEA or any other jurisdiction where
to do so might constitute a violation of the relevant laws or
regulations of such jurisdiction.
The WRAP Retail Offer Shares have
not been and will not be registered under the US Securities Act of
1933, as amended (the "US
Securities Act") or under the applicable state securities
laws of the United States and may not be offered or sold directly
or indirectly in or into the United States. No public offering of
the WRAP Retail Offer Shares is being made in the United States.
The WRAP Retail Offer Shares are being offered and sold outside the
United States in "offshore
transactions", as defined in, and in compliance with,
Regulation S under the US Securities Act ("Regulation S") to non-US persons
(within the meaning of Regulation S). In addition, the Company has
not been, and will not be, registered under the US Investment
Company Act of 1940, as amended.
This announcement does not
constitute an offer to sell or issue or a solicitation of an offer
to buy or subscribe for WRAP Retail Offer Shares in the United
States, Australia, Canada, New Zealand, Japan, the Republic of
South Africa, any member state of the EEA or any other jurisdiction
in which such offer or solicitation is or may be unlawful. No
public offer of the securities referred to herein is being made in
any such jurisdiction.
This announcement is not for
publication or distribution, directly or indirectly, in or into the
United States of America. This announcement is not an offer
of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under
the US Securities Act, and may not be offered or sold in the United
States, except pursuant to an applicable exemption from
registration. No public offering of securities is being made
in the United States.
The distribution of this
announcement may be restricted by law in certain jurisdictions and
persons into whose possession any document or other information
referred to herein comes should inform themselves about and observe
any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction.
WRAP is a proprietary technology
platform owned and operated by Winterflood Securities Ltd
(registered address at Riverbank House, 2 Swan Lane, London EC4R
3GA; FRN 141455). Winterflood Securities Ltd ("Winterflood") is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting exclusively for the Company and for no-one else and will
not regard any other person (whether or not a recipient of this
announcement) as its client in relation to the WRAP Retail Offer
and will not be responsible to anyone other than the Company for
providing the protections afforded to its clients, nor for
providing advice in connection with the WRAP Retail Offer,
Admission and the other arrangements referred to in this
announcement.
The value of Ordinary Shares and the
income from them is not guaranteed and can fall as well as rise due
to stock market movements. When you sell your investment, you may
get back less than you originally invested. Figures refer to past
performance and past performance is not a reliable indicator of
future results. Returns may increase or decrease as a result of
currency fluctuations.
Certain statements in this
announcement are forward-looking statements which are based on the
Company's expectations, intentions and projections regarding its
future performance, anticipated events or trends and other matters
that are not historical facts. These forward-looking statements,
which may use words such as "aim", "anticipate", "believe",
"intend", "estimate", "expect" and words of similar meaning,
include all matters that are not historical facts. These
forward-looking statements involve risks, assumptions and
uncertainties that could cause the actual results of operations,
financial condition, liquidity and dividend policy and the
development of the industries in which the Company's businesses
operate to differ materially from the impression created by the
forward-looking statements. These statements are not guarantees of
future performance and are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. Given those risks and uncertainties,
prospective investors are cautioned not to place undue reliance on
forward-looking statements.
These forward-looking statements
speak only as at the date of this announcement and cannot be relied
upon as a guide to future performance. The Company and Winterflood
expressly disclaim any obligation or undertaking to update or
revise any forward-looking statements contained herein to reflect
actual results or any change in the assumptions, conditions or
circumstances on which any such statements are based unless
required to do so by the Financial Conduct Authority, the London
Stock Exchange or applicable law.
The information in this announcement
is for background purposes only and does not purport to be full or
complete. None of Winterflood or any of its affiliates, accepts any
responsibility or liability whatsoever for, or makes any
representation or warranty, express or implied, as to this
announcement, including the truth, accuracy or completeness of the
information in this announcement (or whether any information has
been omitted from the announcement) or any other information
relating to the Company or associated companies, whether written,
oral or in a visual or electronic form, and howsoever transmitted
or made available or for any loss howsoever arising from any use of
the announcement or its contents or otherwise arising in connection
therewith. Winterflood and its affiliates, accordingly disclaim all
and any liability whether arising in tort, contract or otherwise
which they might otherwise be found to have in respect of this
announcement or its contents or otherwise arising in connection
therewith.
Any indication in this announcement
of the price at which the Ordinary Shares have been bought or sold
in the past cannot be relied upon as a guide to future performance.
Persons needing advice should consult an independent financial
adviser. No statement in this announcement is intended to be a
profit forecast and no statement in this announcement should be
interpreted to mean that earnings or target dividend per share of
the Company for the current or future financial years would
necessarily match or exceed the historical published earnings or
dividends per share of the Company.
Neither the content of the Company's
website (or any other website) nor the content of any website
accessible from hyperlinks on the Company's website (or any other
website) is incorporated into or forms part of this announcement.
The WRAP Retail Offer Shares to be issued or sold pursuant to the
WRAP Retail Offer will not be admitted to trading on any stock
exchange other than the London Stock Exchange.
It is further noted that the WRAP
Retail Offer was only open to investors in the United Kingdom who
fall within Article 43 of the Financial Services and Markets Act
2000 (Financial Promotion) Order 2005, as amended (which includes
an existing member of the Company).