Onside Issue 4 - 4

ONSIDE / NEWS

ONSIDE NEWS
Evgen takes AIM

S

hares in Liverpool-based drug development company
Evgen Pharma made their debut on AIM in October after
a successful and over-subscribed placing. In total Evgen
raised £9 million across a pre-IPO and a later IPO round. Its
market capitalisation at the placing price was £27m.
New investors include the Seneca EIS Portfolio Service,
managed by Seneca Partners Ltd, the parent company of
Acceleris Capital.
Evgen's core technology Sulforadex is a patent-protected method
of stabilising natural and synthetic versions of the naturally
occurring compound sulforaphane, a known anti-cancer agent
derived from broccoli and other brassica vegetables.
Norman Molyneux, Director of Acceleris Capital
commented, "Evgen Pharma is an excellent example of the
companies we like to support at Acceleris Capital, with a
strong business model, impressive management credentials
and an exciting new programme."
Chief Executive Dr Stephen Franklin said: "The fundraising
proceeds will allow us to advance a study in breast cancer
and in subarachnoid haemorrhage along with preclinical
work in multiple sclerosis. We are very excited by the
progress we are making with our Sulforadex technology,
which has the potential to address orphan and major
indications in multiple disease areas."

New faces

S

eneca welcomes several new recruits. Steve Jackson
has joined Seneca Investment Managers, as Head
of UK Retail to strengthen the Liverpool-based
investment manager's proposition to the IFA market. Steve
will focus on both Seneca's multi-asset fund offering, the
CF Seneca Diversified Growth Fund and the CF Seneca
Diversified Income Fund, as well as its investment trust,
the Seneca Global Income & Growth Trust plc. Steve will
work alongside LGBR Capital, which is retained by Seneca
Investment Managers to distribute its open ended strategies
to UK investment intermediaries.
Andy Povey has joined Seneca's Birmingham team to work
alongside Nick Leitch, Seneca's principal in the Midlands,
and also David Totney who has worked in the city for almost
25 years. He enjoyed a successful corporate banking career
before moving into the alternative funding market where
he gained experience in SME equity investments. Andy is
widely recognised in the manufacturing sector both locally
and nationally for his role in launching and delivering the
Advanced Manufacturing Supply Chain Initiative (AMSCI),
a national programme funded by central government.
Commenting, Andy said: "I am delighted to have joined
such an entrepreneurial business as Seneca and I am looking
forward to working with Nick and David to invest in SMEs
across the region."

"I am delighted to have joined such an
entrepreneurial business as Seneca and I am
looking forward to working with Nick and
David to invest in SMEs across the region."

4



Table of Contents for the Digital Edition of Onside Issue 4

Contents
Onside Issue 4 - Cover1
Onside Issue 4 - Cover2
Onside Issue 4 - Contents
Onside Issue 4 - 4
Onside Issue 4 - 5
Onside Issue 4 - 6
Onside Issue 4 - 7
Onside Issue 4 - 8
Onside Issue 4 - 9
Onside Issue 4 - 10
Onside Issue 4 - 11
Onside Issue 4 - 12
Onside Issue 4 - 13
Onside Issue 4 - 14
Onside Issue 4 - 15
Onside Issue 4 - 16
Onside Issue 4 - 17
Onside Issue 4 - 18
Onside Issue 4 - 19
Onside Issue 4 - 20
Onside Issue 4 - 21
Onside Issue 4 - 22
Onside Issue 4 - 23
Onside Issue 4 - 24
Onside Issue 4 - 25
Onside Issue 4 - 26
Onside Issue 4 - 27
Onside Issue 4 - 28
Onside Issue 4 - 29
Onside Issue 4 - 30
Onside Issue 4 - 31
Onside Issue 4 - 32
Onside Issue 4 - 33
Onside Issue 4 - 34
Onside Issue 4 - 35
Onside Issue 4 - 36
Onside Issue 4 - 37
Onside Issue 4 - 38
Onside Issue 4 - Cover3
Onside Issue 4 - Cover4
https://www.nxtbookmedia.com