Biocartis Group NV: BIOCARTIS SUCCESSFULLY RAISES ?32.7 MILLION IN AN EQUITY PLACEMENT
(Thomson Reuters ONE) -
PRESS RELEASE: REGULATED INFORMATION - INSIDE INFORMATION
17 November 2016, 15:00 CET
BIOCARTIS SUCCESSFULLY RAISES ?32.7 MILLION IN AN EQUITY PLACEMENT
Mechelen, Belgium, 17 November 2016 - Biocartis Group NV (the 'Company' or
'Biocartis'), an innovative molecular diagnostics company (Euronext Brussels:
BCART), announced today that it successfully raised an amount of ?32,674,281.85
in gross proceeds by means of a private placement via an accelerated bookbuild
offering of 4,058,917 new shares (being approximately 10% of the Company's
outstanding shares) at an issue price of ?8.05 per share (the "Offering"). The
closing price of the Company's shares prior to the launch of the Offering, on
16 November 2016, was ?8.25 per share.
Ewoud Welten, Chief Financial Officer of Biocartis, commented: "We are very
pleased to announce the successful completion of this private placement at a low
discount which reflects the strong demand from local and international investors
that we experienced during a very smooth, oversubscribed bookbuild process. Our
cash position is now further strengthened, allowing us to continue the global
expansion of our installed base of Idylla(TM) instruments and development of new
tests. We are grateful for the ongoing support by existing shareholders and
welcome our new investors."
The net proceeds of the Offering will be used to fund the development,
regulatory approvals and launches of new tests and applications for Biocartis'
Idylla(TM) platform, to fund the expansion of its sales and marketing team to
support the global roll-out of its products, to fund the expansion of Biocartis'
cartridge manufacturing capacity, and for general corporate purposes.
Degroof Petercam, KBC Securities and Kempen & Co acted as Joint Bookrunners in
the Offering.
In relation to the Offering, the Company has agreed with the Joint Bookrunners
to a market customary 90-days standstill period on future share issuances,
waivable by the Joint Bookrunners.
The payment and delivery of the new shares is expected to take place on 21
November 2016, and an application will be made to admit the new shares to
trading on the regulated market of Euronext Brussels at the same time. The new
shares to be issued will have the same rights and benefits as, and rank pari
passu in all respects with, the existing and outstanding shares of Biocartis at
the moment of their issuance.
As a result of the issuance of new shares, the Company's share capital will
increase from ?405,891.88 to ?446,481.05 and its issued and outstanding shares
will increase from 40,589,188 to 44,648,105 ordinary shares.
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More information:
Renate Degrave
Manager Corporate Communications & Investor Relations
e-mail rdegrave(at)biocartis.com
tel +32 15 631 729
mobile +32 471 53 60 64
About Biocartis
Biocartis (Euronext Brussels: BCART) is an innovative molecular diagnostics
(MDx) company providing next generation diagnostic solutions aimed at improving
clinical practice for the benefit of patients, clinicians, payers and industry.
Biocartis' proprietary MDx Idylla(TM) platform is a fully automated sample-to-
result, real-time PCR (Polymerase Chain Reaction) system that offers accurate,
highly reliable molecular information from virtually any biological sample in
virtually any setting. Biocartis launched the Idylla(TM) platform in September
2014. Biocartis is developing and marketing a rapidly expanding test menu
addressing key unmet clinical needs in oncology and infectious diseases. These
areas represent respectively the fastest growing and largest segments of the MDx
market worldwide. Today, Biocartis has five oncology tests and two infectious
disease tests on the market. More information: www.biocartis.com. Press Photo
Library available here. Follow us on Twitter: (at)Biocartis_.
Important information:
This communication is not a prospectus for the purposes of the Prospectus
Directive (Directive 2003/71/EC and amendments thereto, including Directive
2010/73/EU, to the extent implemented in the relevant Member State of the EEA)
and any implementing measure in each relevant Member State of the EEA (the
'Prospectus Directive'). This communication cannot be used as basis for any
investment agreement or decision. Acquiring investments to which this
announcement relates may expose an investor to a significant risk of losing the
entire amount invested. Persons considering making such investments should
consult an authorised person specialising in advising on such investments. This
announcement does not constitute a recommendation concerning the securities
referred to herein.
The information contained in this announcement is for general information only
and does not purport to be full or complete. This announcement does not
constitute, or form part of, an offer to sell or issue, or any solicitation of
an offer to purchase or subscribe for shares, and any purchase of, subscription
for or application for, shares. This announcement and the information contained
herein are not for publication, distribution or release in, or into, the United
States, Australia, Canada, Japan, South Africa or any other jurisdiction where
to do so would be prohibited by applicable law. Any persons reading this
announcement should inform themselves of and observe any such restrictions.
This announcement is not for distribution, directly or indirectly, in or into
the United States. It does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States. The
securities mentioned herein have not been, and will not be, registered under the
U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be
offered or sold in the United States, except pursuant to an exemption from the
registration requirements of the Securities Act. The Company and its affiliates
have not registered, and do not intend to register, any portion of the offering
of the securities concerned in the United States, and do not intend to conduct a
public offering of securities in the United States.
An offer of securities to which this announcement relates is only addressed to
and directed at persons in member states of the European Economic Area ('EEA')
who are 'qualified investors' within the meaning of Article 2(1)(e) of the
Prospectus Directive ('Qualified Investors'), or such other investors as shall
not constitute an offer to the public within the meaning of Article 3.1 of the
Prospectus Directive. In addition, any offer of securities to which this
announcement relates is in the United Kingdom being distributed only to, and is
directed only at, (i) persons who have professional experience in matters
relating to investments falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the 'Order'),
(ii) high net worth entities etc. falling within Article 49(2)(a) to (d) of the
Order, and (iii) any other person to whom it may otherwise lawfully be
communicated (all such persons together being referred to as 'relevant
persons'). The offering of securities to which this announcement relates will
only be available to, and any invitation, offer or agreement to subscribe for,
purchase, or otherwise acquire securities will be engaged in only with relevant
persons. Any person who is not a relevant person should not act or rely on this
announcement or any of its contents.
No announcement or information regarding the offering, listing or securities of
the Company referred to above may be disseminated to the public in jurisdictions
where a prior registration or approval is required for such purpose. No steps
have been taken, or will be taken, for the offering or listing of securities of
the Company in any jurisdiction outside of Belgium where such steps would be
required. The issue, exercise, or sale of, and the subscription for or purchase
of, securities of the Company are subject to special legal or statutory
restrictions in certain jurisdictions. The Company is not liable if the
aforementioned restrictions are not complied with by any person.
Certain statements, beliefs and opinions in this announcement are forward-
looking, which reflect the Company's or, as appropriate, the Company directors'
current expectations and projections concerning future events such as the
Company's results of operations, financial condition, liquidity, performance,
prospects, growth, strategies and the industry in which the Company operates. By
their nature, forward-looking statements involve a number of risks,
uncertainties, assumptions and other factors that could cause actual results or
events to differ materially from those expressed or implied by the forward-
looking statements. These risks, uncertainties, assumptions and factors could
adversely affect the outcome and financial effects of the plans and events
described herein. A multitude of factors including, but not limited to, changes
in demand, competition and technology, can cause actual events, performance or
results to differ significantly from any anticipated development. Forward-
looking statements contained in this announcement regarding past trends or
activities are not guarantees of future performance and should not be taken as a
representation that such trends or activities will continue in the future. In
addition, even if actual results or developments are consistent with the
forward-looking statements contained in this announcement, those results or
developments may not be indicative of results or developments in future periods.
No representations and warranties are made as to the accuracy or fairness of
such forward-looking statements. As a result, the Company expressly disclaims
any obligation or undertaking to release any update or revisions to any forward-
looking statements in this announcement as a result of any change in
expectations or any change in events, conditions, assumptions or circumstances
on which these forward-looking statements are based. Neither the Company nor its
advisers or representatives nor any of its subsidiary undertakings or any such
person's officers or employees guarantees that the assumptions underlying such
forward-looking statements are free from errors nor does either accept any
responsibility for the future accuracy of the forward-looking statements
contained in this announcement or the actual occurrence of the forecasted
developments. You should not place undue reliance on forward-looking statements,
which speak only as of the date of this announcement.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Biocartis Group NV via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 17.11.2016 - 15:00 Uhr
Sprache: Deutsch
News-ID 507840
Anzahl Zeichen: 12652
contact information:
Town:
Mechelen
Kategorie:
Business News
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