Fusion Antibodies PLC Exercise of Options and Total Voting Rights (2114I)
August 10 2021 - 12:08PM
UK Regulatory
TIDMFAB
RNS Number : 2114I
Fusion Antibodies PLC
10 August 2021
Fusion Antibodies plc
("Fusion" or the "Company")
Exercise of Options and Total Voting Rights
Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical
antibody discovery, engineering and supply for both therapeutic
drug and diagnostic applications, announces that it has made an
application to the London Stock Exchange for the admission to
trading on AIM ("Admission") of 23,334 new ordinary shares of 4p
each in the Company ("New Ordinary Shares"). The New Ordinary
Shares are being issued pursuant to the exercise of options by an
employee of the Company. The options were issued pursuant to the
Company's EMI Employee Share Option Scheme with an exercise price
of 54.5p. The New Ordinary Shares will rank pari passu in all
respects with the Company's existing ordinary shares and Admission
is expected to become effective on 17 August 2021.
Total Voting Rights
On Admission, the issued share capital of the Company will
comprise 25,894,946 ordinary shares of 4 pence each with one voting
right per share ("Ordinary Shares"). The Company does not hold any
Ordinary Shares in treasury. Therefore, from Admission, the total
number of Ordinary Shares and voting rights in the Company will be
25,894,946. From Admission, the above figure may be used by
shareholders in 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 share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
Enquiries:
Fusion Antibodies plc www.fusionantibodies.com
Richard Jones, Chief Executive Officer Via Walbrook PR
James Fair, Chief Financial Officer
Allenby Capital Limited Tel: +44 (0)20 3328
5656
James Reeve (Corporate Finance)
Tony Quirke (Sales and Corporate Broking)
Walbrook PR Tel: +44 (0)20 7933 8780 or fusion@walbrookpr.com
Anna Dunphy Mob: +44 (0)7876 741
001
Paul McManus Mob: +44 (0)7980 541
893
About Fusion Antibodies plc
Fusion is a Belfast based contract research organisation ("CRO")
providing a range of antibody engineering services for the
development of antibodies for both therapeutic drug and diagnostic
applications.
The Company's ordinary shares were admitted to trading on AIM on
18 December 2017. Fusion provides a broad range of services in
antibody generation, development, production, characterisation and
optimisation. These services include antigen expression, antibody
production, purification and sequencing, antibody humanisation
using Fusion's proprietary CDRx (TM) platform and the production of
antibody generating stable cell lines to provide material for use
in clinical trials. Since 2012, the Company has successfully
sequenced and expressed over 250 antibodies and successfully
completed over 200 humanisation projects and has an international,
blue-chip client base, which has included eight of the top 10
global pharmaceutical companies by revenue.
The Company was established in 2001 as a spin out from Queen's
University Belfast. The Company's mission is to enable
pharmaceutical and diagnostic companies to develop innovative
products in a timely and cost-effective manner for the benefit of
the global healthcare industry. Fusion Antibodies provides a broad
range of services in antibody generation, development, production,
characterisation and optimisation.
Fusion Antibodies growth strategy is based on combining the
latest technological advances with cutting edge science to deliver
new platforms that will enable Pharma and Biotech companies get to
the clinic faster, with the optimal drug candidate and ultimately
speed up the drug development process.
The global monoclonal antibody therapeutics market was valued at
$135.4 billion in 2018 and is forecast to surpass $212.6 billion in
2022, an increase at a CAGR of 12.0 per cent. for the period 2018
to 2022. In 2017, seven of the world's ten top selling drugs were
antibody-based therapeutics with the combined annual sales of these
drugs exceeding $63.2 billion.
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