Avacta Group plc - Issue of equity
10 Mar 2008
Avacta Group plc (the 'Company') announces that 375,350 ordinary shares of 0.1p each ('Ordinary Shares') have been issued at a price of 5.49 pence per share pursuant to contractual obligations for services provided to the Company.
The Company also announces that, as anticipated in the announcement by the Company dated 14 December 2007, a further 21,954,035 Ordinary Shares have been issued following the acquisition of Oxford Medical Diagnostics Limited and subsequent agreement of the completion balance sheet.
Application has been made for 22,329,385 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 14 March 2008.
The total number of Ordinary Shares in issue following the above issue will be 823,136,812.
10 March 2008
Enquiries:
Avacta Group
plc
Tel: 0870 835 4367
Tim Sykes, Chief Financial Officer
WH Ireland
Limited
Tel: 0161 832 2174
David Youngman/Robin Gwyn
BankOra
Limited
Tel: 020 7562 4700
Michael Brennan/Henry Turcan
Nexus Financial
Limited
Tel: 020 7451 7050
Nicholas Nelson/Kathy Boate
