Abingdon Health (ABDX)

Sector:

Health Care

Index:

FTSE AIM All-Share

9.25p
   
  • Change Today:
    -0.50p
  • 52 Week High: 15.00
  • 52 Week Low: 5.00
  • Currency: UK Pounds
  • Shares Issued: 121.72m
  • Volume: 125,825
  • Market Cap: £11.26m

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 9.25p
Change Today -0.50p
% Change -5.13 %
52 Week High 15.00
52 Week Low 5.00
Volume 125,825
Shares Issued 121.72m
Market Cap £11.26m

ABDX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.48% below the market average40.48% below the market average40.48% below the market average40.48% below the market average40.48% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Price Trend
17.14% above the market average17.14% above the market average17.14% above the market average17.14% above the market average17.14% above the market average
40.54% above the sector average40.54% above the sector average40.54% above the sector average40.54% above the sector average40.54% above the sector average
Income Not Available
Growth
3.05% above the market average3.05% above the market average3.05% above the market average3.05% above the market average3.05% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

ABDX Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:19 1,000 @ 9.50p
16:01 13 @ 9.50p
15:58 4,742 @ 9.18p
15:40 200 @ 9.50p
15:40 20 @ 9.00p

ABDX Key Personnel

CEO Chris Henry Francis Yates

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