ValiRx PLC Exercise of Warrant (3581A)
September 29 2020 - 2:00AM
UK Regulatory
TIDMVAL
RNS Number : 3581A
ValiRx PLC
29 September 2020
VALIRX PLC
("ValiRx", the "Company" or the "Group")
Exercise of Warrant
London, UK 29 September 2020: ValiRx Plc (AIM: VAL), the
clinical stage biotechnology company announces it has received
notification for the exercise of warrants over 60,000 ordinary
shares in the Company at an exercise price of 25 pence per share
providing the Company with proceeds of GBP15,000 ("Warrant
Exercise").
Application will be made to the London Stock Exchange to admit
the 60,000 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 2 October 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 58,849,423 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
Optimum Strategic Communications Tel: +44 (0) 20 8148
Supriya Mathur/ Shabnam Bashir 3040
valirx@optimumcomms.com
About ValiRx
ValiRx accelerates the development
of treatments in oncology and
women's health to improve patient
lives. We provide the scientific,
financial and commercial framework
to enable rapid translation
of innovative science into
clinical development.
With our extensive and proven
experience in research and
drug development, we select
and incubate promising novel
drug candidates and guide them
through an optimised process
of development, from pre-clinical
studies to clinic and investor-ready
assets.
Integrating science and business
We connect diverse disciplines
across scientific, technical
and commercial domains, with
the promise of achieving a
more streamlined, less costly,
drug development process. We
work closely with our selected
collaborators and leverage
the combined expertise required
for science to advance.
Lead candidates from our portfolio
are out-licenced or partnered
with investors through ValiRx
subsidiary companies for further
clinical development and commercialisation.
https://www.valirx.com/
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END
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