Ixico | Retail Offer
Applications Open
8 pence per share
Offer Closes: 11am Tuesday 7 April
Important information - We do not offer advice on the suitability of any Retail Offers for you. Like any investment, there are risks and it is vital that you have all the information you need to make an informed decision. If you have any doubts about its suitability, seek financial advice. The value of investments can fall as well as rise, so you may get back less than you invest. Dividends are not guaranteed and, if paid, are variable. Any decision to invest into a Retail Offer should be done solely on the basis of the information provided in the Company Announcement and any other supplementary documentation.
About Ixico
The Company has announced that it has conditionally raised £10 million through a Placing and Subscription with institutional investors, and intends to raise a further £500,000 via a Retail Offer for individual investors.
Ixico plc is engaged in neuroscience imaging and biomarker analytics, using its artificial intelligence (AI)-driven platform to help advance drug development in neurological disorders. The Company is engaged in delivering insights in neuroscience to help transform the advancement of investigational therapies for neurological diseases, such as Alzheimer's disease, Parkinson's disease and Huntington's disease.
Use of Proceeds
The Directors intend to use the net proceeds from the Fundraising to develop the IXI™ Platform (including platform integration, automation and standardisation), to invest in the staff needed to sell the IXI™ Platform into partners and to develop the product into an FDA approved software as a medical device.
Further information about Ixico and the fundraising can be found in the Company Announcement.
Expected Timetable
Applications may close early and without prior warning.
Applications Close: 11am Tuesday 07 April
Allocation Confirmed: Tuesday 07 April
Admission: Friday 17 April
Offer Details
Offer price: 8 pence representing a premium of 1.6% to the closing mid-price of the Company's existing shares on 30 March.
Fundraising method: Accelerated Bookbuild (ABB). This means that applications are only open for a short period and may close early
Minimum investment: £100
Applications close: 11am Tuesday 7 April
Applications are open to existing shareholders only
Once applications have closed, you will not be able to amend or cancel your order
It’s free to apply for shares. Find out more about our charges.
Ready to apply?
Make sure you've read these key documents.
What happens after you apply?
You can view or cancel your application in the ‘Pending Orders’ tab of your online account during the offer period.
You will receive confirmation of your allocation by Secure Message on Tuesday 7 April.
Shares are expected to be credited to your account on Friday 17 April.
Important Information
Investing in an individual company isn’t right for everyone because if that company fails, you could lose your whole investment. If you cannot afford this, investing in a single company might not be right for you. You should make sure you understand the companies you’re investing in and their specific risks. You should also make sure any shares you own are part of a diversified portfolio.
The offer is only open to individuals who are physically located in the United Kingdom, Jersey, Guernsey and the Isle of Man.
If the offer is oversubscribed, you may not receive the full amount that you have applied for.
Your application will be accepted on the basis of information in the Company Announcement, HL Retail Offer Terms & Conditions and HL Risk Warning. If you are unsure whether an investment is suitable for you please seek Financial Advice.
The Retail Offer is conditional on the requisite approvals being obtained from shareholders at the general meeting of the Company expected to be held on or around Thursday 16 April.
HL will receive a distribution fee to cover our costs of advertising this offer. This fee will not exceed 0.6% of the value of the shares allocated and is paid by Ixico. You will not be charged to participate in this offer.
Costs & Charges
The following charges are based on an investment of £5,000 within a Stocks and Shares ISA over 5 years assuming 5% annual growth rate.
| HL charges | £105.21 |
| Investment charges | £0.00 |
| Total charges | £105.21 |
| Average annual charge | 0.37% |
| Illustrative value | £6,263.91 |
| Illustrative value with no charges applied | £6,381.41 |
The costs and charges shown are for illustration purposes only based on the assumptions presented. Please refer to our tariff of charges before investing. Returns are not guaranteed.
Figures may not add up to the given total due to rounding.