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THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

Further to its announcement dated 20 December 2018, DeepMatter, the AIM-listed company focusing on digitizing chemistry, is pleased to announce that it has raised approximately £4.0 million by way of a placing of 159,185,680 new ordinary shares at 2.5 pence per share.

Click here to read the full RNS statement. 

Transaction Highlights

• Placing to raise approximately £4.0 million through the issue of a total of 159,185,680 Placing Shares at 2.5 pence per share with certain new and existing investors
• Placing Shares to be issued at 2.5 pence per share which represents a discount of 12.3 per cent. to the closing mid-market price of 2.85 pence per share on 19 December 2018

The above transaction highlights and the summary announcement below should be read in conjunction with the full appendix at the foot of this announcement.

DeepMatter, the AIM-listed company focusing on digitizing chemistry, is pleased to announce that it has raised approximately £4.0 million by way of a placing of 159,185,680 new ordinary shares at 2.5 pence per share. The issue of the Placing Shares is subject to, inter alia, the passing of the Resolutions at a general meeting.

The Placing Price represents a discount of 12.3 per cent. to the closing mid-market price of 2.85 pence per share on 19 December 2018.

The net proceeds of the Placing will be used to further finance ongoing DigitalGlassware™ technology development, including integration of cheminformatics capabilities, user and partner support, marketing, data science, manufacture and for working capital requirements of the Enlarged Group.

Application will be made to the London Stock Exchange for the New Shares to be admitted to trading on AIM. Details of when dealings are expected to commence and when the New Shares will be enabled for settlement in CREST are set out in the Expected Timetable of Principal Events at the end of this announcement.

Mark Warne, CEO of DeepMatter, commented:

"We are delighted to be be oversubscribed in our placing and would like to thank both our existing and new shareholders for the support they have shown in the Group and its DigitalGlassware™ platform. 

We are excited to move forward with the integration of InfoChem and accelerate development towards our end goal: the digitization of chemistry. We approach the future with great confidence and look forward to updating our shareholders on progress in due course."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

For further information:

DeepMatter Group plc	T:   0141 548 8156
Mark Warne, Chief Executive Officer
Stockdale Securities Limited	T: 020 7601 6100
Tom Griffiths David Coaten
Alma PR	T: 020 3405 0209 [email protected]
Caroline Forde Rebecca Sanders-Hewett Susie Hudson

 

About DeepMatter

DeepMatter's long term strategy is to integrate chemistry with technology, thereby enabling a greater use of artificial intelligence and reaching a point where chemicals can be autonomously synthesised through robotics. In the near term this involves the provision of an integrated software, hardware and artificial intelligence enabled platform, DigitalGlassware™, to scientists across research and process development sectors.

The DigitalGlassware™ platform allows chemistry experiments to be accurately and systematically recorded, coded and entered into a shared data cloud. The platform is designed to enable chemists to work together effectively; sharing the details of their experiments from anywhere and in real-time, so that work is not needlessly duplicated, time and money wasted, and ultimately so new discoveries may be made faster.

More information is available here: http://www.deepmattergroup.com

About Springer Nature:

Springer Nature is a leading research, educational and professional publisher, providing quality content to its communities through a range of innovative platforms, products and services. Springer Nature's imprints, books, journals and resources reach millions of people around the globe - helping researchers, students, teachers and professionals to discover, learn and achieve more. Through its family of brands, Springer Nature aims to serve and support the research, education and professional communities by delivering the highest possible standards in content and technology, and helping shape the future of publishing for their benefit and for society overall.

Visit: www.springernature.com/group 

 

Click here to read the full RNS statement.