Covington Advises ReNeuron Group plc on £68.4 million Follow-on Financing

Covington Advises ReNeuron Group plc on £68.4 million Follow-on Financing

July 13, 2015

LONDON, 13 July, 2015 — Covington is advising AIM-listed ReNeuron Group plc, a leading clinical stage stem cell therapy company, on its latest follow-on financing announced on 10 July. ReNeuron is raising £68.4 million by way of an institutional placing of new shares arranged by Cenkos Securities plc. The placing is conditional on the receipt of certain shareholder approvals and is expected to close in August 2015.

The fundraising will enable the company to build on the recent progress achieved across its therapeutic programs.

The team comprised of partners Paul Claydon and Kristian Wiggert, and associates Kristian Shearsby and Sarah Hoult. Guy Dingley and Rob Heller provided tax advice.