Oxford BioDynamics Launches Retail Share Offer to Raise Funds

Oxford BioDynamics Announces Retail Share Offering

Oxford BioDynamics PLC (LON: OBD), a prominent clinical diagnostics company that focuses on precision medicine, has unveiled a significant retail share offering aimed at raising up to £500,000. This initiative is tailored specifically for existing eligible shareholders located in the United Kingdom, providing a unique opportunity for them to support the company's strategic growth.

Details of the Share Offer

The retail offer involves the issuance of up to 100,000,000 new ordinary shares, each priced at 0.5 pence. Notably, this issue price represents a substantial 44% discount compared to the closing mid-market price of 0.9 pence as recorded recently. The funds generated from this offering will supplement ongoing efforts to secure a total of at least £6 million, which includes concurrent placing and subscription activities.

Fundraising Strategy and Shareholder Engagement

This retail offering is part of a comprehensive fundraising strategy that is dependent on receiving shareholder approval at an upcoming general meeting. This meeting is scheduled for a later date. Following this approval, the new shares are set to enter trading on the AIM market of the London Stock Exchange. The commencement of trading for these shares is anticipated shortly thereafter, providing a seamless transition for investors.

Investment Opportunity for Shareholders

Oxford BioDynamics is actively engaging with its retail shareholder network, emphasizing the chance for them to partake in the company's promising trajectory. Interested shareholders can participate with a minimum investment of £250, ensuring that even smaller investors can join in on the action. The offer is set to close promptly at 4:30 pm on the designated Thursday of this week, creating urgency for those wishing to invest.

Assurance on Shareholder Rights

All newly issued ordinary shares will be fully paid and will enjoy equal rights with existing ordinary shares. This includes entitlements to any dividends or other distributions declared after the issuance date. Such assurances aim to enhance shareholder confidence and illustrate the company's commitment to providing value to its investors.

Investment Considerations and Risks

While the offer presents an exciting opportunity, potential investors should remain vigilant regarding the inherent risks associated with investing in equities. It is crucial to understand that the value of investments may fluctuate, which could lead to outcomes where investors receive less than their initial investment. Such warnings are essential as part of prudent investment practices.

Legal and Regulatory Notes

This announcement is intended for informational purposes and does not constitute an invitation or solicitation for investment in any jurisdiction where such actions would contravene local laws. Notably, the share offering is not being conducted in specific territories, including the United States and several other regions. Consequently, the retail offer shares will not be registered under the US Securities Act and are excluded from being offered in the US market.

Frequently Asked Questions

What is the purpose of Oxford BioDynamics' retail share offer?

The retail share offer aims to raise up to £500,000 to support the company's ongoing fundraising strategy and growth initiatives.

How many new shares are being offered?

Oxford BioDynamics is offering up to 100,000,000 new ordinary shares at an issue price of 0.5 pence each.

What is the minimum investment amount for shareholders?

The minimum subscription amount for investors interested in participating in the retail share offer is set at £250.

When will trading for the new shares begin?

Trading for the new shares is expected to commence shortly after receiving shareholder approval and the corresponding admission to trading.

What risks should investors be aware of?

Investors should acknowledge that capital is at stake, and the value of shares can fluctuate, potentially resulting in receiving less than the original investment.

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