Abingdon Health (ABDX)

Sector:

Health Care

Index:

FTSE AIM All-Share

 4.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 33.75
  • 52 Week Low: 4.00
  • Currency: UK Pounds
  • Shares Issued: 121.72m
  • Volume: 410,997
  • Market Cap: £5.48m

Abingdon Health reaches £6.3m settlement with DHSC

By Iain Gilbert

Date: Tuesday 28 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Rapid testing kits manufacturer Abingdon Health has reached a settlement agreement with the Department for Health and Social Care on outstanding invoices payable to the group for lateral flow tests and component stock.
Abingdon Health said on Tuesday that it will receive a contractually required cash payment of £6.3m from DHSC on or before 22 July, with £1.5m of the cash payment to be held under charge until the outcome of an ongoing judicial review.

The AIM-listed group also stated ownership of all outstanding component stock procured on behalf of DHSC in 2020 and 2021 will be transferred to the company, while it will also receive joint ownership of the intellectual property of its AbC-19 Covid-19 antibody test, and make lower royalty payments to DHSC on sales of said test.

Abingdon also highlighted that the cash received from DHSC will provide it with additional working capital to be deployed in order to help fund various growth initiatives currently underway.

As of 1210 BST, Abingdon shares had surged 52.35% to 14.47p.



Reporting by Iain Gilbert at Sharecast.com

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ABDX Market Data

Currency UK Pounds
Share Price 4.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 33.75
52 Week Low 4.00
Volume 410,997
Shares Issued 121.72m
Market Cap £5.48m

ABDX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.94% above the market average34.94% above the market average34.94% above the market average34.94% above the market average34.94% above the market average
13.51% above the sector average13.51% above the sector average13.51% above the sector average13.51% above the sector average13.51% above the sector average
Price Trend
70.47% below the market average70.47% below the market average70.47% below the market average70.47% below the market average70.47% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Income Not Available
Growth
14.57% below the market average14.57% below the market average14.57% below the market average14.57% below the market average14.57% below the market average
27.78% below the sector average27.78% below the sector average27.78% below the sector average27.78% below the sector average27.78% below the sector average

ABDX Dividends

No dividends found

Trades for 02-Dec-2022

Time Volume / Share Price
16:35 2,318 @ 4.00p
16:35 36 @ 4.00p
15:00 5,000 @ 4.28p
13:09 119,000 @ 4.45p
12:17 19,382 @ 4.17p

ABDX Key Personnel

CEO Chris Henry Francis Yates
CFO Melanie Ross

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