hVIVO #HVO raises £90,000 in warrant exercise September 1, 2023 – Posted in: Blog, hVIVO (HVO) – Tags: ,

hVIVO plc (AIM & Euronext: HVO) has received notice of exercise of warrants by a former nomad and corporate finance advisor (awarded as part of the IPO of the Company in June 2019), over 1,607,142 ordinary shares of 0.1 pence each in the capital of the Company (“Ordinary Shares”) at a price of 5.6 pence per share. The gross proceeds of this exercise received by the Company amount to £90,000.

The total remaining outstanding warrants over Ordinary Shares are as follows:

Number of Ordinary Shares

Exercise Price per share

Date awarded

Expiry Date

Beneficiary

232,696

0.1 pence

11 December 2018

10 December 2023

Venn loan note investor (Cathal Friel)

424,589

2.2 pence

11 December 2018

10 December 2023

Venn loan note investor

(Cathal Friel)


The Company has made application for
1,607,142 new Ordinary Shares, to be issued and allotted as a result of the warrant exercise set out above, to be admitted to trading on AIM and Euronext Growth. Admission is expected to occur at 8.00 a.m. on 6 September 2023.

Total Voting Rights

Following the admission of the 1,607,142 new Ordinary Shares, the Company’s total issued ordinary share capital will consist of 680,371,877 Ordinary Shares. This figure may be used by shareholders 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 Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

For further information please contact:

 

hVIVO plc

+44 (0) 20 7756 1300

Yamin ‘Mo’ Khan, Chief Executive Officer

Stephen Pinkerton, Chief Financial Officer

Liberum Capital (Nominated Adviser and Joint Broker)

 +44 (0) 20 3100 2000

Ben Cryer, Edward Mansfield, Phil Walker, Will King

finnCap plc (Joint Broker)

+44 (0) 20 7220 0500

Geoff Nash, Charlie Beeson, Nigel Birks, Harriet Ward (ECM)

Davy (Euronext Growth Adviser and Joint Broker)

+353 (0) 1 679 6363

Anthony Farrell, Niall Gilchrist

Walbrook PR (Financial PR & IR)

Stephanie Cuthbert / Phillip Marriage /
Louis Ashe-Jepson

+44 (0) 20 7933 8780 or hvivo@walbrookpr.com

+44 (0) 7796 794 663 / +44 (0) 7867 984 082 /
+44 (0) 7747 515 393