Today’s market update

Good morning, we’ve noticed there has been plenty of discussion on the Blue Sky holding of late. You will have seen today the changes in substantial shareholding notice that has been lodged by Blue Sky, in light of its divestment of its entire holding of 84.9 million Alcidion shares, and Alcidion’s announcement. You can read the announcement on the ASX here.

Anticipating there will be some questions, we confirm that the majority of shares have been transferred, on market, to a number of Australian based institutional investors. It is not anticipated that any of these funds will reach the threshold of substantial shareholder, and therefore we are not at liberty to disclose who the funds are or the prices paid. We are pleased with the outcome, in that an orderly transfer was facilitated and that we have secured a number of new institutional investors. We have confidence these are high quality investors, who have confidence in the long term growth prospects of Alcidion.

Thanks for all of your ongoing support.