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Alexander David Investments (ADI)

0.23p
   
  • Change Today:
    -0.010p
  • 52 Week High: 1.25p
  • 52 Week Low: 0.080p
  • Currency: UK Pounds
  • Shares Issued: 401.06m
  • Volume: 2,088,406
  • Market Cap: £0.92m
  • RiskGrade: 43
  • Beta: 0.87

Issue of Equity


For immediate release
30 October 2009

                       ReGen Therapeutics Plc
Issue of Equity

ReGen Therapeutics  Plc  ("ReGen"  or the  "Company"),  (AIM:RGT)  is
pleased to announce  that it has  conditionally placed 2,500,000  new
ordinary shares  at 3p  per ordinary  share to  raise £75,000  before
expenses for general working capital purposes.

The 2,500,000 new ordinary shares, which will represent 6.81 per cent
of the enlarged  issued share  capital of the  Company (in  aggregate
amounting  to  36,729,882  ordinary  shares  on  completion  of   the
placing), will  rank pari  passu in  all respects  with the  existing
ordinary shares in the Company.

So far this  year ReGen  has raised £688,185  and the  fact that  the
Company has been able to raise this reflects market confidence in the
Company's ability to reach sustainable profitability in 2010.

Application has been made  to the London Stock  Exchange for the  new
ordinary shares to  be admitted to  trading on AIM  and admission  is
expected to commence on or around Thursday, 5 November 2009.

For further information, please contact:

Percy Lomax
ReGen Therapeutics Plc
Tel: 020 7153 4920

Roland Cornish/Felicity Geidt
Beaumont Cornish Limited
Tel: 020 7628 3396

David Scott/Nick Bealer
Alexander David Securities Limited
Tel: 020 7448 9820



ENDS

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

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