Article: Acquisition of Nanoplex Technologies Inc.

M2 PRESSWIRE-23 December 2005-Oxonica: Acquisition of Nanoplex Technologies Inc(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:23122005

Oxonica plc ('Oxonica'), a leading European nanotechnology group, today announces that it has signed an agreement to acquire US based Nanoplex Technologies Inc ('Nanoplex') for a total consideration of up to 7,538,440 fully paid ordinary shares in Oxonica ('Consideration Shares'), which is equivalent to approximately 17% of the equity of the enlarged group. Nanoplex will change its name to Oxonica Inc on completion and will become part of Oxonica's healthcare business. Completion is expected to take place before the end of ...

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