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Yourgene Health plc
(“Yourgene” or the “Company”)
Completion of Acquisition
Manchester, UK – 25 April 2019: Yourgene Health plc (AIM: YGEN), the international molecular diagnostics group which commercialises genetic products and services, announces the completion of its acquisition of Delta Diagnostics (UK) Limited (“Elucigene”) (the “Acquisition”), as announced on 17 April 2019.
Elucigene is a Manchester-based molecular diagnostics manufacturer and developer with a suite of in-vitro diagnostic CE marked products focused on reproductive health and oncology, including leading products for cystic fibrosis screening and invasive prenatal aneuploidy screening, and a pipeline of new diagnostic solutions in development. Elucigene’s current product portfolio is complementary to Yourgene’s existing non-invasive prenatal testing solutions, broadening the offering of the Enlarged Group as a leading provider of molecular diagnostic solutions for reproductive health. The Enlarged Group intends to leverage Elucigene’s and Yourgene’s combined skillset to develop and launch additional next generation sequencing and other molecular diagnostic products for commercialisation.
Issue of Equity and Total Voting Rights
Following completion of the Acquisition, application will be made to London Stock Exchange for the admission of the Consideration Shares to trading on AIM. It is expected that Admission will occur and that dealings in the Consideration Shares will commence at 8.00 a.m. on 1 May 2019.
Following Admission of the Consideration Shares, the Company will have 598,999,688 ordinary shares in issue. No ordinary shares are held in treasury. The total number of voting rights in the Company will therefore be 598,999,688. The above figures 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.
Capitalised terms used but not defined in this announcement have the same meanings as defined in the Company’s announcement released on 17 April 2019, detailing the proposed acquisition by the Company of Elucigene.
Lyn Rees, CEO of Yourgene, commented: “We are very pleased to welcome our Elucigene colleagues into the Group. The commercial, scientific and financial opportunities created by the Acquisition are hugely exciting and we look forward to combining our respective Manchester operations.”
For more information, please contact:
Yourgene Health plc
Tel: +44 (0)161 667 1053
Cairn Financial Advisers LLP (Nomad)
|Tel: +44 (0)20 7213 0880|
Stifel Nicolaus Europe Limited (Sole Bookrunner)
|Tel: +44 (0)20 7710 7600|
Vigo Communications (PR)
Tel: +44 (0)20 7390 0238
About Yourgene Health
Yourgene Health is an international molecular diagnostics group which develops and commercialises genetic products and services. The group works in partnership with global leaders in DNA technology to advance diagnostic science.
Our product development, research service and commercial capabilities extend across the lifecycle of genetic test development including regulatory submissions.
Yourgene Health’s first commercialised products are NIPT for Down’s Syndrome and other genetic disorders, targeting a share of an emerging billion-dollar global market.
Prenatal screening is an established clinical practice, but accuracy challenges with traditional methods are driving the need for NIPT and other DNA-based reproductive health testing solutions. Our commercial footprint is already established in the UK, Europe, the Middle East, Africa and Asia.
Through our technical expertise and partnerships, Yourgene Health is aiming to extend its genetic testing offering into complementary areas of reproductive health and oncology.
Yourgene Health is headquartered in Manchester, UK with offices in Taipei and Singapore, and is listed on the London Stock Exchange’s AIM market under the ticker “YGEN”. For more information visit www.yourgene-health.com and follow us on twitter @Yourgene_Health.
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