Issue of Equity
20th May 2019
Further to the announcement released on 1 February 2017 regarding the acquisition of the assets of Defined Healthcare Research, Inc, and Cancer Progress, LLC (“Defined Health”) by the Company, Cello today announces that the first deferred consideration payments to the vendors of Defined Health have now been settled.
To part satisfy the deferred consideration, the Company has applied for the admission of 320,243 new ordinary shares of 10 pence each in the Company (“Ordinary Shares”) to trading on AIM, which is expected to occur on 24 May 2019.
Following admission, Cello’s issued share capital will consist of 105,545,545 Ordinary Shares, of which 453,000 Ordinary Shares are held in treasury. The total number of current voting rights in the Company will therefore be 105,092,545 Ordinary Shares.
The above figure (105,092,545 Ordinary Shares) may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.