LONDON (AFX) - Provexis PLC said it has entered into a long-term collaboration agreement with Unilever PLC to jointly develop a new concentrated format of its patented Fruitflow heart-health technology for application in Unilever's food product portfolio.

Financial details of the deal were not disclosed.

The partners plan to enter into a global licence arrangement for the technology.

Fruitflow is a patented natural extract from tomato which Provexis said has been shown in human trials to reduce the propensity for aberrant blood clotting that is typically associated with cardiovascular disease and which can lead to heart attack or stroke.

In 2005 the market for heart benefit foods was worth 4 bln usd globally, Provexis added.

Considering the growth potential this share has a target of about 8-10p in the medium tern and is a good buy at current levels

As usual, pls do ur own research.

looks quite solid around this level, though there were certainly a lot on offer at 10.00 ..... tomorrow being friday may bring more selling, or conversely strength if there is much of a build up in shorts (or even g-strings)

OH YES!!

a build up in g-strings....the mind boggles

2.5p and the subscription is up and running.....

2.5p and I thought it would be 6p.....it's even worse...

20% extra shares, which is a dilution of 1.25p or thereabouts (9p - 2.5p) which gives a 'fair' price of about 7.75p. Whether that happens is another matter!!

still strong buying going on because the underlying potential of this company far outweighs the short term dilution.

Summary

The offer is in 3 parts

part 1 is to the institutional/high net worth individuals mentioned yesterday. They will share 40,969,390 shares at 2.5p raising 1.024m for PXS. these shares will be added to the market on wed 30th sept.

part 2. due to restrictions in company articles on issuing new shares a meeting and resolution needs to be passed by shareholders so these same investors can get another 159,030,610 shares at 2.5p raising 3.976m for PXS. thiese will be added to the market between 16th and 30th october.

part 3 is for all existing shareholders and subject to shareholder approval. Another 1.5m will be raised meaning approx. 60,000,000 shares at 2.5p. this will be done as an open offer rather than a rights issue since it is deemed simpler/faster. (you should be able to subscribe to as many as you want irrespective of your holding)

This last part does not seem to be confirmed and does not appear to be added into the other figures - this is the part that adds to the confusion. All other figures/comments refer only to part 1 and 2. The rns in total lists a potential 6.5m and 260,000,000 shares - closer to 24%.

The fact that it is at 2.5p is going to drag on the sp.....very low price indeed.

The shares are still being mopped up.... but are we getting into another SEO??

nomad you are a pratt where in the rns at any point does it mention institutions? parts 1/2 are for ordinary shareholders

read yesterday's rns and don't be an arsehole like me

did you call me a pratt?

parts one and two follow from yesterdays RNS. They refer to "an issue" not an offer which only arises in part 3. Ask yourself how they would manage to get the shares trading by next wednesday if they had to offer it to all of us. These first two parts are a placing with specific investors.

go and read yesterdays rns and then reread this mornings and then come back and post.

yesterdays rns mentioned institutions as a seperate source of funding of which they have not mentioned in todays rns as has also been noted on other boards so still may or may not happen

I think the title for this should be reversed : 8p...target 3.25p...

have you read both of the rns's yourself, carefully, twice?

yesterday and today part 1 and 2 are the same. part 3 is for us.

my apologies nomad your right i was missreading guess that makes me the pratt lol

not much for us having sold 20% OF THE COMPANY FOR 5MILLION QUID

What do you lot think is going to happen here ?...that this is going to go again to 20 or 30p overnight..it's not going to....

apologies accepted, no hard feelings since I had to read it several times too. I would have minded less if you didn't resort to name calling - you pratt lol.....lets see how this all turns out whichever way it goes, buys/sells seem more or less balanced and holding around 8p....