SHARE INCENTIVE PLAN/ISSUE OF EQUITY-AVACTA GROUP PLC

SHARE INCENTIVE PLAN/ISSUE OF EQUITY-AVACTA GROUP PLC

 

Share Incentive Plan/Issue of Equity

 

 

Avacta Group plc (AIM: AVCT), a life sciences company developing innovative, targeted oncology drugs and powerful diagnostics, today announces that as part of its HMRC Approved Share Incentive Plan ("SIP") Award Scheme, ordinary shares of 10p each in the Company ("Ordinary Shares") up to a value of £3,000 per employee will be issued at the prevailing middle market price at the close of business on 14 February 2024 to all eligible employees. These shares awarded will form part of the employee's remuneration package.

 

Accordingly, an additional 9,515 Ordinary Shares have been issued as part of the SIP Award Scheme to eligible employees.

 

Application has been made for the Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 22 February 2024 ("Admission"). The Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

 

Following Admission, the Company's enlarged issued share capital will be 288,215,722. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

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