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Intercytex announces AIM flotation and placingIntercytex announces AIM flotation and placing

Tuesday 31st January, 2006

 

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Intercytex Group plc www.intercytex.com/, a UK-based emerging healthcare company with facilities in Manchester, recently announced its proposed application for admission to trading on AIM, a market of the London Stock Exchange. The Company will raise £15.0 million, conditional on the admission of the new ordinary shares to trading on AIM, through a subscription of approximately £4.2 million by existing shareholders and a placing of approximately £10.8 million with new shareholders. The shares being issued in the subscription and the placing have been priced at 108 pence per share (the “Placing Price”), at which price the Company will have a market capitalisation on admission of approximately £60.2 million. Piper Jaffray Ltd is acting as nominated adviser and sole broker to the Company.
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