Genedrive (GDR): Mr David Nugent campaign

This situation live

GDR Genedrive

£18m · 1.1p · +132% since the first step

10 Sep 2025 · 5.6% · −69% until the next step Mr David Nugent: 5.6%

1 Oct 2025 · 3.43% · +4% until the next step Mr David Nugent: 3.43% (from 5.6%)

2 Oct 2025 · 10.1% · +51% until the next step Mr David Nugent: 10.1% (from 6.15%)

9 Oct 2025 · campaign · +12% until the next step The Equity Financing announced on 23 September 2025 was the only certain financing option available to it

10 Oct 2025 · 15.1% · +86% until the next step Mr David Nugent: 15.1% (from 12.24%)

10 Oct 2025 · 12.24% · +86% until the next step Mr David Nugent: 12.24% (from 10.1%)

29 Oct 2025 · 16.035% · +39% until the next step Mr David Nugent: 16.035% (from 15.1%)

24 Feb 2026 · 20.72% · −7% until the next step Mr David Nugent: 20.72% (from 19.02%)

6 May 2026 · campaign · +16% since Mr David Nugent: 25.01% (from 24.65%)

Activist campaign

Mr David Nugent campaign

campaign

ActivistMr David Nugent

Stake25.01%

Their caseThe Shareholder has made several posts about the Company and the recent Equity Financing in which he has called for alternative forms of financing to fund the Company. ↗

As of 6 May 2026 ↗

Since Oct 2023: 144 situations of this kind – went quiet 75%, activist sold out 18%, settled with the board 4%, requisition withdrawn 2%, the activist's resolutions were voted down 1%; median share price +5% six months after they opened

Every step · 9

10 Sep 2025 5.6% – Mr David Nugent: 5.6% ↗
1 Oct 2025 3.43% – Mr David Nugent: 3.43% (from 5.6%) ↗
2 Oct 2025 10.1% – Mr David Nugent: 10.1% (from 6.15%) ↗
9 Oct 2025 campaign – The Equity Financing announced on 23 September 2025 was the only certain financing option available to it ↗
10 Oct 2025 15.1% – Mr David Nugent: 15.1% (from 12.24%) ↗
10 Oct 2025 12.24% – Mr David Nugent: 12.24% (from 10.1%) ↗
29 Oct 2025 16.035% – Mr David Nugent: 16.035% (from 15.1%) ↗
24 Feb 2026 20.72% – Mr David Nugent: 20.72% (from 19.02%) ↗
6 May 2026 campaign – Mr David Nugent: 25.01% (from 24.65%) ↗

What is happening

Genedrive: Mr David Nugent campaign – campaign. ['campaign']

In short: Mr David Nugent holds 25.01% of Genedrive.
Announced: 10 Sep 2025 · 5.6%
Latest: 6 May 2026 · 25.01%

From the company's own announcements. Not investment advice.

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Also at Genedrive 1 open

Project milestonesNHS England MT-RNR1 national tender – PALOH-UK recruitment complete; NICE technology appraisal Balance-sheet stress / refinancingShareholder loan funding – Loan converted to equity; company debt free · closed Dilutive fundraiseEquity raise up to £6m – Completed March 2026 · closed Upgrade / downgrade cycleProfit warning – profit warning · second in 12 months · closed Upgrade / downgrade cycleProfit upgrade – guidance raised · closed Genedrive – company page →