TIDMABH

RNS Number : 2965B

Angel Biotechnology Holdings Plc

13 April 2012

For immediate release 13 April 2012

Angel Biotechnology Holdings plc

("Angel" or "the Company")

Result of Extraordinary General Meeting

Angel Biotechnology Holdings plc, (AIM:ABH), the biopharmaceutical contract manufacturer, announces that at the Company's Extraordinary General Meeting ("EGM") held today, the resolution was duly passed. Further details of voting are set out below.

As a result, the Company will now complete the Placing announced on 19 March 2012 and issue 500,000,000 ordinary shares of 0.1 pence each (the "Ordinary Shares") at a price 0.20 pence per share to raise GBP1 million (before expenses).

The Company has applied for the new Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange and trading will commence on Monday 16 April 2012.

The new Ordinary Shares will be credited as fully paid and will rank pari passu with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of their issue.

For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital following admission will consist of 3,773,616,615 Ordinary Shares with one voting right per share. The Company has no shares in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FSA's Disclosure and Transparency Rules.

The following is a summary of the votes cast including proxies:

 
 Votes for     %       Votes against   %      Total votes* 
 464,335,489   98.87   5,307,890       1.13   469,970,955 
 

*Votes were cast in respect of 14.35% of shares in issue.

For further information:

Angel Biotechnology Holdings plc

Lorna Peers, Finance Director +44 (0) 131 445 6077

Stewart White, Acting CEO/Commercial Director www.angelbio.com

Grant Thornton, Corporate Finance

Colin Aaronson / Melanie Frean / Elliot Berg +44 (0) 20 7383 5100

Hybridan LLP (Broker)

Claire Noyce, Deepak Reddy +44 (0) 20 7947 4350

Media enquiries:

The Communications Portfolio Ltd

Ariane Comstive / Caolan Mahon +44 (0) 20 7536 2028 / 2029

ariane.comstive@communications-portfolio.co.uk

Notes to Editors:

Angel Biotechnology Holdings plc is a full service contract bio-manufacturing partner to biotechnology and pharmaceutical companies worldwide. Angel specialises in advanced biologics including biopharmaceutical proteins and cell therapies, such as cellular vaccines and stem cells. At present, Angel's products are principally used in pre-clinical studies and clinical trials with a view to becoming the contract manufacturer of choice on a continuing basis.

Drug development companies outsource their biopharmaceutical manufacturing requirements to Angel to reduce their own capital requirements and enable them to develop products more rapidly. In addition, Angel provides complete regulatory services and documentation to its customers while its manufacturing processes adhere to the most stringent regulatory requirements. Products are produced to current Good Manufacturing Practice (cGMP) standards as required by the US Food and Drug Administration (FDA), and in facilities that are certified to European standards by the Medicines and Healthcare products Regulatory Agency (MHRA).

Its customers range from early-stage biotechnology companies including ReNeuron plc and US-based Pathfinder Cell Therapy, to established pharmaceutical companies such as Russian-based Materia Medica Holdings.

Angel has two facilities: Pentlands Science Park near Edinburgh where it employs 38 people, and a site in Cramlington, near Newcastle-upon-Tyne, which is expected to employ up to 10 people by the end of 2012.

More information is available at www.angelbio.com .

- Ends -

This information is provided by RNS

The company news service from the London Stock Exchange

END

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