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RNS Number : 1211M Avacta Group PLC 26 April 2024
26 April 2024
Avacta Group plc
("Avacta" or "the Group" or "the Company")
Block Listing Six Monthly Return
Avacta Group plc (AIM: AVCT), a life sciences developing innovative, targeted
oncology drugs and powerful diagnostics, today makes the following
notification pursuant to Schedule Six of the AIM Rules for Companies regarding
its existing block admission arrangements:
Name of applicant: Avacta Group plc
Name of scheme: EMI scheme
Period of return: From: 28 October 2023 27 April 2024
Balance of unallotted securities under scheme(s) from previous return: 797,922
Plus: The amount by which the block scheme(s) has been increased since 113,808
the date of the last return (if any increase has been applied for):
Less: Number of securities issued/allotted under scheme(s) during 108,724
period (see LR3.5.7G):
Equals: Balance under scheme(s) not yet issued/allotted at end of period: 911,730
Name of applicant: Avacta Group plc
Name of scheme: LTIP scheme
Period of return: From: 28 October 2023 27 April 2024
Balance of unallotted securities under scheme(s): 5,277,257
Plus: The amount by which the block scheme(s) has been increased since 6,500,000
the date of the last return (if any increase has been applied for):
Less: Number of securities issued/allotted under scheme(s) during 2,058,000
period (see LR3.5.7G):
Equals: Balance under scheme(s) not yet issued/allotted at end of period: 11,777,257
Name of contact: Tony Gardiner, Company Secretary
Telephone number of contact: + 44 (0) 1904 217070
Ends-
For further information from Avacta Group plc, please contact:
Avacta Group plc Tel: +44 (0) 1904 21 7070
Alastair Smith, Chief Executive Officer www.avacta.com (http://www.avacta.com)
Tony Gardiner, Chief Financial Officer
Michael Vinegrad, Group Communications Director
Stifel Nicolaus Europe Limited (Nomad and Joint Corporate Broker) Tel: +44 (0) 207 710 7600
Nicholas Moore / Nick Adams / Samira Essebiyea / Nick Harland / Ben Good www.stifel.com (http://www.stifel.com/)
Peel Hunt (Joint Corporate Broker) Tel: +44 (0) 207 418 8900
James Steel / Chris Golden / Patrick Birkholm www.peelhunt.com (http://www.peelhunt.com)
ICR Consilium (Media and IR) avacta@consilium-comms.com (mailto:avacta@consilium-comms.com)
Mary-Jane Elliott / Jessica Hodgson / Sukaina Virji
About Avacta Group plc - https://www.avacta.com (https://www.avacta.com/)
Avacta Group is a UK-based life sciences company focused on improving
healthcare outcomes through targeted cancer treatments and diagnostics.
Avacta has two divisions focused on therapeutics and diagnostics.
Avacta Therapeutics: a clinical stage oncology biotech division harnessing
proprietary therapeutic platforms to develop novel, highly targeted cancer
drugs.
Avacta Diagnostics: focused on supporting healthcare professionals and
broadening access to diagnostics.
Avacta has two proprietary platforms, pre|CISION™ and Affimer®.
The pre|CISION™ platform is a highly specific substrate for fibroblast
activation protein (FAP) which is upregulated in most solid tumours compared
with healthy tissues. The pre|CISION™ platform harnesses this tumour
specific protease to activate pre|CISION™ peptide drug conjugates and
pre|CISION™ antibody/Affimer® drug conjugates in the tumour
microenvironment, reducing systemic exposure and toxicity, allowing dosing to
be optimised to deliver the best outcomes for patients.
The lead pre|CISION™ programme AVA6000, a peptide drug conjugate form of
doxorubicin, is in Phase 1 studies. It has shown a dramatic improvement in
safety and tolerability in clinical trials to date compared with standard
doxorubicin and preliminary signs of clinical activity in multiple patients.
To register for news alerts by email go to
https://avacta.com/investors/investor-news-email-alerts/
(https://avacta.com/investors/investor-news-email-alerts/)
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