Advanced Oncotherapy (AVO) – Non-Exec Dr Nick Plowman invests GBP250,000 at 30p per share

Advanced Oncotherapy (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, announces that Dr Nick Plowman, Non-Executive Director, will invest £250,000 in the Company.

The investment will be satisfied through the issue of 833,333 new ordinary shares of 25 pence nominal value in the capital of the Company at a price of 30p per New Share. Application will be made for the New Shares to be admitted to trading on AIM on or around 12 May 2017.

Dr Nick Plowman is the UK’s senior radiotherapist and was appointed as Non-Executive Director of the Company in February 2017, having been Chairman of the Medical Advisory Board since October 2013. Dr Plowman is Senior Clinical Oncologist at St Bartholomew’s Hospital and the Hospital for Sick Children at Great Ormond Street in London.

Following Admission, Dr Plowman will hold 3,470,132 Ordinary Shares, representing 4.58% of the enlarged issued share capital.

Total voting rights

Following Admission, the Company’s enlarged issued share capital will comprise 75,785,194 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 75,785,194. This figure 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.