TIDMBION

RNS Number : 4798D

Bion PLC

20 October 2022

20 October 2022

BiON plc

("BiON" or the "Company")

Suspension of Trading

Further to the Company's announcement of 12 October 2022, BiON (AIM: BiON) confirms that the Company will not complete a reverse takeover within the six-month period from becoming an AIM Rule 15 cash shell. Accordingly, the Company's ordinary shares will be suspended from trading on AIM with effect from 7.30am on 20 October 2022. From the suspension date, BiON will have six months to complete an acquisition, or acquisitions, which constitutes a reverse takeover under AIM Rule 14 otherwise admission to trading on AIM will be cancelled.

The Company will update its shareholders in due course.

Enquiries:

 
 BiON plc 
                                                 +44 20 4582 
 c/o Gracechurch Group                                  3500 
 
 Beaumont Cornish Limited (Nominated Adviser) 
                                                 +44 20 7628 
 Roland Cornish, Felicity Geidt                         3396 
 
 Optiva Securities Limited (Broker) 
                                                 +44 20 3137 
 Vishal Balasingham                                     1903 
 
 Gracechurch Group (Financial PR Adviser) 
                                                 +44 20 4582 
 Claire Norbury                                         3500

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END

SRSEAPENFSEAFFA

(END) Dow Jones Newswires

October 20, 2022 02:00 ET (06:00 GMT)

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