Analytical NanoTechnologies (UK) plc

July 31, 2009 05:07 ET

Result of Private Placing & Resignation of CEO


AntNano  Plc  ("ANTnano", or "the Company"), the emerging developer of highly-advanced detection  equipment
with  applications in the industrial hygiene, medical and homeland security sectors, announces that it  has
raised  GBP 127,709.47 via a Private Placing and the resignation of its Chief Executive Officer,  Dr  Allan

Private Placing

We  reported  in June 2008 that AntNano had  received a letter of intent from a Singapore based  investment
group, Nanotech Ventures Pte Ltd  to invest up to GBP300,000  for  ordinary shares at the mid market  price
less  5%  as  quoted on PLUS markets at completion. The company is pleased to announce  that  it  has  just
completed  the  first phase of this investment via a Private Placing raising GBP 127,709.47 and  placing  a
total of 580,498 ordinary shares at a price of £0.22 per share.

Following  this issue of equity, and the shares issued to Sunderland University also announced  today,  the
Company  has  35,595,130  ordinary shares in issue. Nanotech Ventures Pte Ltd  owns  580,498  shares  which
represents 1.63% of the issued share capital of the Company.

Resignation of Dr Allan Syms

AntNano  also  announces that Dr Allan Syms will be stepping down from his role as Chief Executive  Officer
and  a  Director  of AntNano and all of its group subsidiaries to become CEO of Nanotech Ventures  Pte  Ltd
("Nanotech").  The  move  will  allow  Dr Syms to focus his activities on  managing  Nanotech's  investment
portfolio and in particular in supporting its investment in AntNano. Joe Arend, AntNano's Chairman  has  in
addition to his role as Chairman has assumed the role of CEO.

"Dr  Syms  said, I believe that AntNano has now moved effectively into its commercial phase of  development
and  the  move to one of the company's key investors will allow me to continue to support AntNano's  future
plans as it continues to commercialise its unique range of air analysis equipment"

"Joe  Arend said, we thank Dr Syms for his efforts in taking the company from its development phase through
to  the important phase of commercialisation. He will continue to be an active supporter of the company  in
his new role as CEO of Nanotech Ventures and we wish him well in the future"

The Directors of the Issuer accept responsibility for this announcement.

31 July 2009


Joe Arend, Chairman and CEO
AntNano Plc
Tel: 01740 625283

Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel: 020 7251 3762

Contact Information

  • Analytical NanoTechnologies (UK) plc