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Abzena to raise £25M through bookbuild placement

Abzena PLC completed a bookbuild process, garnering interest for 75,757,576 shares at 33 pence apiece for gross proceeds of approximately £25 million.

The shares represent 55% of Abzena and can only be issued once existing stockholders sign off on it.

Numis Securities Ltd. and N+1 Singer Advisory LLP acted as the joint book runners for the placing. Numis is also acting as an adviser to the company.