Directorate Changes

ValiRx PLC

22 April 2024

 

ValiRx plc

("ValiRx" or the "Company")

Directorate Changes

ValiRx plc (the "Company") (AIM: VAL), a life sciences company focusing on early-stage cancer therapeutics and women's health, is pleased to announce that, further to the announcements of 29 February and 19 March 2024, the Company has appointed Martin Gouldstone and Adrian de Courcey as Non-executive Directors with immediate effect, following completion of standard regulatory due diligence. In addition, Ray Horn has been appointed as a Board observer.

Director Appointments

Adrian de Courcey

Adrian de Courcey is a business executive with experience in both corporate and entrepreneurial environments in the UK and internationally. He began his career with KPMG and held strategy roles with Shell and Johnson & Johnson, with experience within the SME sector and built a transportation business. Adrian graduated from the University of Warwick and obtained an MBA from the University of Cambridge in 2020.

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Adrian Michael Patrick de Courcey (aged 46):

Current Directorships	Previous Directorships held in the past five years
Inishbofin Holdings Limited	Leofric Biomass Limited
Mike De Courcey Travel Limited1	West Midlands Transport Information Services Limited2
Tydfil Training Consortium Limited

¹ Adrian de Courcey was appointed as a director of Mike De Courcey Travel Limited on 1 July 2006. On 3 August 2021 the company was placed in a creditors voluntary liquidation. The liquidation process is ongoing.

² Adrian de Courcey was appointed as a director of West Midlands Transport Information Services Limited on 5 October 2011. On 21 September 2018 the company appointed a voluntary liquidator to conduct a members voluntary liquidation. The Company was dissolved 30 November 2021 with no creditor shortfall.

Adrian de Courcey holds 871,036 ordinary shares and 22,955 warrants over new ordinary shares in the Company.

There is no further information regarding Adrian de Courcey required to be disclosed under the AIM Rules.

Martin Gouldstone

Martin is currently CEO of Oncimmune Holdings plc and has 30 years of corporate finance and business development experience in contract research organisations, healthcare and pharmaceutical sectors. Previously, Martin was a Global Senior Vice President of Business Development at Owkin, Inc., where he managed the commercial teams in the USA and Europe and led new strategic research partnerships. More recently, Martin was Chief Business Officer at Sensyne Health; Global Senior Vice President and Head of Capital Solutions for Syneos Health; Chief Business Officer at BenevolentAI.

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Martin John Gouldstone (aged 57):

Current Directorships	Previous Directorships held in the past five years
hVIVO PLC (previously Open Orphan PLC)	Orthopaedic Research UK
Novara Therapeutics Limited
Oncimmune Holdings PLC
Sempiternum Ltd

Martin Gouldstone does not hold any ordinary shares or warrants over new ordinary shares in the Company.

There is no further information regarding Martin Gouldstone required to be disclosed under the AIM Rules.

Additional Updates

Further to the announcement of 4 March 2024, in the interest of ensuring a proportionate number of non-executive directors following today's appointments and taking into account the Company's size, Luke Cairns has advised, and the Company has agreed, that he will not be joining the board as a non-executive director at this time.

Ray Horn has been appointed as a Board observer with immediate effect.

Kevin Cox, Chairman commented: "I am pleased that Adrian and Martin have joined the Board of ValiRx as the first step towards establishing a new management team. I look forward to their participation and providing commercial expertise to help guide the Company. I would also like to thank Luke for his time and efforts in working with us during this time of transition."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). The Directors of the Company take responsibility for this announcement.

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For more information, please contact:

ValiRx plc Dr Suzanne Dilly, CEO	Tel: [phone] www.valirx.com [e-mail]
V Formation (Public Relations) Lucy Wharton - Senior PR Executive Sue Carr - Director	[phone] www.vformation.biz [e-mail] [e-mail]
Cairn Financial Advisers LLP (Nominated Adviser) Liam Murray/Jo Turner/Ludovico Lazzaretti	Tel: [phone]
Shard Capital Partners LLP (Sole Broker) Damon Heath	Tel: [phone]

Notes for Editors

About ValiRx

ValiRx is a life science company focused on early-stage cancer therapeutics and women's health, accelerating the translation of innovative science into impactful medicines to improve patient lives.

ValiRx provides the scientific, financial, and commercial framework for enabling rapid translation of innovative science into clinical development.

Using its extensive and proven experience in research and drug development, the team at ValiRx selects and incubates promising novel drug candidates and guides them through an optimised process of development, from pre-clinical studies to clinic and investor-ready assets.

ValiRx connects diverse disciplines across scientific, technical, and commercial domains, with the aim of achieving a more streamlined, less costly, drug development process. The team works closely with carefully selected collaborators and leverages the combined expertise required for science to advance.

Lead candidates from ValiRx's portfolio are outlicensed or partnered with investors through ValiRx subsidiary companies for further clinical development and commercialisation. 

ValiRx listed on the AIM Market of the London Stock Exchange in October 2006 and trades under the ticker symbol: VAL.

For further information, visit: www.valirx.com

 

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