TIDMIIG TIDMPOLX

RNS Number : 4857S

Intuitive Investments Group plc

17 March 2021

17 March 2021

Intuitive Investments Group plc

Investment in Polarean Imaging plc

Intuitive Investments Group plc (AIM: IIG) ("IIG" or the "Company"), a closed-end investment company focussed on the life sciences sector, announces an investment of GBP250,000 to acquire 416,666 ordinary shares of Polarean Imaging plc (AIM: POLX) ("Polarean") at a price of 60 pence per share (the "Investment"). The Investment is part of Polarean's fundraising as announced by Polarean on 15 March 2021 (the "Fundraising"). The Investment is conditional upon, amongst other things, each of the resolutions being passed at Polarean's forthcoming general meeting on 6 April 2021 .

Polarean and its wholly owned subsidiary, Polarean, Inc. (together the "Group") are revenue generating, medical drug-device combination companies operating in the high-resolution medical imaging market. The Group develops equipment that enables existing MRI systems to achieve an improved level of pulmonary function imaging and specialises in the use of hyperpolarised Xenon gas ( (129) Xe) as an imaging agent to visualise ventilation and gas exchange regionally in the smallest airways of the lungs, the tissue barrier between the lung and the bloodstream and in the pulmonary vasculature. Xenon gas exhibits solubility and signal properties that enable it to be imaged within other tissues and organs.

Robert Naylor has personally invested GBP125,000 as part of the Fundraising. Accordingly, Robert Naylor did not vote as a member of the Board IIG approving the Investment.

For further information, please contact:

 
 Intuitive Investments Group plc                                            www.iigplc.com 
 David Evans                                                               Via Walbrook PR 
  Robert Naylor 
 
 Strand Hanson Limited - Nominated 
  Adviser                                                             +44 (0) 20 7409 3494 
 James Harris / James Dance / James 
  Bellman 
 
 
   Turner Pope Investments (TPI) Ltd 
   - Broker                                                           +44 (0) 20 3657 0050 
 Andrew Thacker / Zoe Alexander 
 
 Walbrook PR Limited - Media & Investor    +44 (0)20 7933 8780 or intuitive@walbrookpr.com 
  Relations 
                                                           +44 (0) 7980 541 893/+44(0)7748 
 Paul McManus/Sam Allen                                                             651727

About Intuitive Investments Group plc

The Company is a newly established investing company, seeking to provide investors with exposure to a portfolio concentrating on fast growing and/or high potential Life Sciences businesses operating predominantly in the UK, continental Europe and the US, utilising the Board's experience and in particular that of the Chairman, David Evans, to seek to generate capital growth over the long term for shareholders.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCFQLLFFXLLBBD

(END) Dow Jones Newswires

March 17, 2021 03:00 ET (07:00 GMT)

Polarean Imaging (LSE:POLX)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Polarean Imaging Charts.
Polarean Imaging (LSE:POLX)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Polarean Imaging Charts.