Angle PLC
Transfer of Lock-in Shares
GUILDFORD, SURREY--(Marketwired - Dec 12, 2017) - Angle PLC (AIM: AGL) (OTCQX: ANPCY)
For immediate release | 12 December 2017 |
ANGLE plc ("the Company")
Transfer of Lock-in Shares
ANGLE plc (AIM:AGL OTCQX:ANPCY), a world-leading liquid biopsy company, announces that further to the announcement of 16 November 2017, finnCap and WG Partners have given their written consent to allow Covington to transfer the 4,579,169 Ordinary Shares subject to the Covington Lock-in Deed (the "Lock-in Shares") to Dermot Keane, an existing significant shareholder in the Company.
Dermot Keane has entered into an equivalent agreement to the Covington Lock-in Deed, pursuant to which he has agreed to not dispose of any interest in the Lock-in Shares for a period of 18 months from 16 November 2017, save for: prior written consent being received from finnCap and WG Partners; or to a connected person of Dermot Keane; or in acceptance of any takeover offer; or where required by law or pursuant to an intervening court order.
The transfer of the Lock-in Shares was agreed between Covington and Dermot Keane as an off-market transaction at a price of 36 pence per Lock-in Share.
ANGLE Founder and Chief Executive, Andrew Newland, commented:
"We are pleased that one of our significant shareholders has further demonstrated his long term support for
ANGLE and agreed terms with Covington for the Lock-in Shares assisting them to address the near-term redemption obligations of the Covington Fund II."
Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the announcement entitled "Acquisition and Fundraising" released on 5 October 2017 unless the context requires otherwise.
For further information ANGLE: | ||
ANGLE plc | +44 (0) 1483 343434 | |
Andrew Newland, Chief Executive | ||
Ian Griffiths, Finance Director | ||
finnCap Ltd (NOMAD and Joint Broker) | +44 (0) 20 7220 0500 | |
Corporate Finance - Adrian Hargrave, Simon Hicks, Kate Bannatyne | ||
Corporate Broking - Alice Lane, Nikita Jain | ||
WG Partners (Joint Broker) | +44 (0) 203 705 9330 | |
Nigel Barnes, Nigel Birks, Andrew Craig, Chris Lee | ||
FTI Consulting | ||
Simon Conway, Mo Noonan, Stephanie Cuthbert | +44 (0) 203 727 1000 | |
Kimberly Ha (US) | +1 212 850 5612 |
For Frequently Used Terms, please see the Company's website on http://www.angleplc.com/the-parsortix-system/glossary/