Tissue Regenix Group PLC Interim Management Change (5962J)
December 06 2018 - 2:00AM
UK Regulatory
TIDMTRX
RNS Number : 5962J
Tissue Regenix Group PLC
06 December 2018
Tissue Regenix Group plc
Interim Management Change
Leeds, 05 December 2018 - Tissue Regenix Group (AIM:TRX)
("Tissue Regenix" or "The Group") announces that Steve Couldwell,
its Chief Executive Officer, will be taking a temporary leave of
absence from January 2019, predicted to last for Q1, due to
physical ill health in order to undergo medical treatment.
The Board has approved interim management changes during the
period to ensure effective operational performance and continuity
of the Group's strategy. Chairman, John Samuel, will become
Executive Chairman and Gareth Jones, currently CFO, will become
Chief Operating Officer, both on an interim basis.
John Samuel, Chairman, Tissue Regenix Group, said, "Steve has
done an excellent job of establishing a sound business strategy and
delivering positive sales momentum. We are confident we will
continue to execute against this strategy and on behalf of the
Board and everyone at Tissue Regenix, I wish Steve a full and
speedy recovery."
Current trading for the FY '18 remains in line with Board
expectations.
For more Information:
Tissue Regenix Group plc Tel: 0330 430 3073 /
Caitlin Pearson Head of Communications 07920272 441
----------------------------------------- ---------------------
Jefferies International Ltd Tel: 020 7029 8000
Simon Hardy / Christopher Binks
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FTI Consulting Tel: 0203 727 1000
Brett Pollard / Mo Noonan/ Mary Whittow
========================================= =====================
About Tissue Regenix
Tissue Regenix is a leading medical devices company in the field
of regenerative medicine. Tissue Regenix was formed in 2006 when it
was spun-out from the University of Leeds, UK. The company's
patented decellularisation ('dCELL(R) ') technology removes DNA and
other cellular material from animal and human soft tissue leaving
an acellular tissue scaffold which is not rejected by the patient's
body and can then be used to repair diseased or worn out body
parts. Current applications address many critical clinical needs
such as sports medicine, heart valve replacement and wound
care.
In November 2012 Tissue Regenix Group plc set up a subsidiary
company in the United States - 'Tissue Regenix Wound Care Inc.',
January 2016 saw the establishment of joint venture GBM-V, a multi-
tissue bank based in Rostock, Germany.
In August 2017 Tissue Regenix acquired CellRight Technologies(R)
, a biotech company that specializes in regenerative medicine and
is dedicated to the development of innovative osteoinductive and
wound care scaffolds that enhance healing opportunities of defects
created by trauma and disease. CellRight's human osteobiologics may
be used in spine, trauma, general orthopedic, foot & ankle,
dental, and sports medicine surgical procedures.
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END
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