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.

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....

not overnight, thats ridiculous

go get me glasses next time

This is still gaining momentum, buy out way the sells now..

It seems to me that if investors have an opportunity to buy any no. of extra shares at 2.5p it's a golden opportunity a no brainer! I shall look forward to it.

Buys now out weighing sells. All those sells being mopped here over the last few days. Not for nothing! Always said long term, always said share was ahead of its self. This will make me rich one day. aimvho. gla

there's a huge number of buys going through but the sp hasn't reflected that at all. a large proportion are automated too. can't see whats happening on plus market but i guess it's similar.
why is this not pushing back to opening price at least with the strong demand?

currently looks like bids for 4.5m but only 2m on offer