Novacyt to buy Yourgene Health in £16.7m deal

3rd Jul 2023 09:07

(Sharecast News) - Yourgene Health surged on Monday after it agreed to be bought by Novacyt in a £16.7m deal.

Under the terms of the acquisition, Novacyt will pay 0.522p per share in cash. This is a premium of around 167.7% the closing Yourgene share price on Friday.

Yourgene chief executive Lyn Rees said: "The board of Yourgene welcome the offer from Novacyt UK. The prospect and scale of what the new enlarged group could bring to our customers, employees and other stakeholders is exciting given the complimentary fit of both businesses.

"Whilst the two companies work within the same molecular diagnostic space, they both bring distinctive strengths and are focused in different market segments, which opens up further opportunities for growth."

At 1245 BST, Yourgene shares were up 138% at 0.46p.

Top Risers

Share	Price	Change
Clontarf (CLON)	0.05	49.25%
Uk Oil & Gas (UKOG)	0.036	21.38%
Keller (KLR)	1,376.00	21.13%
Kore Potash (KP2)	0.75	20%
Belluscura (BELL)	12.25	19.51%

Top Fallers

Share	Price	Change
Braveheart Inv (BRH)	4.25	-43.33%
ValiRx (VAL)	1.90	-37.7%
Oracle Power (ORCP)	0.0195	-35%
Cloudified Holdings Limited (CHL)	4.00	-27.27%
Lifesafe Hldg (LIFS)	12.50	-26.47%

Top By Volume

Share	Price	Volume
Clontarf (CLON)	0.05	1,467,753,248
Lloyds (LLOY)	54.50	267,072,416
Beacon Energy. (BCE)	0.055	261,753,578
Oracle Power (ORCP)	0.0195	209,353,432
Tower Resources (TRP)	0.0185	171,801,712

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.