TIDMVAL

RNS Number : 2523Y

ValiRx PLC

07 September 2020

VALIRX PLC

("ValiRx", the "Company" or the "Group")

Exercise of Warrant

London, UK 7 September 2020: ValiRx Plc (AIM: VAL), the clinical stage biotechnology company announces it has received notification for the exercise of a warrant over 215,384 ordinary shares in the Company at an exercise price of 16.25 pence per share providing the Company with proceeds of GBP35,000 ("Warrant Exercise").

Application will be made to the London Stock Exchange to admit the 215,384 new ordinary shares resulting from the Warrant Exercise to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 11 September 2020. The new ordinary shares will rank pari passu with the existing ordinary shares.

For the purposes of the Disclosure and Transparency Rules, following the issue of shares detailed above as a result of the Warrant Exercise, the enlarged issued share capital of the Company will comprise 57,319,423 ordinary shares of 0.1 pence each. The Company does not hold any shares in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

 
 ValiRx plc                                           Tel: +44 (0) 20 7073 
                                                                       2628 
                                                             www.valirx.com 
  Suzanne Dilly                                    Suzanne.Dilly@valirx.com 
 
   Cairn Financial Advisers LLP (Nominated             Tel: +44 (0) 20 7213 
   Adviser)                                                            0880 
   Liam Murray / Jo Turner / Ludovico Lazzaretti 
 
   Peterhouse Capital Limited (Sole Broker)            Tel: +44 (0) 20 7469 
   Duncan Vasey / Lucy Williams / Eran Zucker                          0930

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September 07, 2020 08:30 ET (12:30 GMT)

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