Issue of Equity

RNS Number : 1106L

ValiRx PLC

05 January 2009

 



ValiRx plc

(the 'Company')

Issue of equity

The Company announces that it has issued a total of 378,606 new ordinary shares of 6p each in the Company ('Ordinary Shares') to certain of its creditors who have agreed for the Company to satisfy, in aggregate, £23,618.15 of their outstanding fees by the issue of new Ordinary Shares. The Ordinary Shares were issued for the following amounts:

Number of Ordinary Shares		Price per Ordinary Share	Total fees converted
21,505		7.75p	£1,666.64
23,810		7.00p	£1,666.70
22,988		7.25p	£1,666.63
310,303		6.00p	£18,618.18
Total	378,606		£23,618.15

Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 9 January 2009.

Following the issue of the new Ordinary Shares, the Company has 58,378,365 Ordinary Shares in issue.

For further information please contact:

ValiRx plc Dr. Satu Vainikka	Tel: [phone]
WH Ireland Limited	Tel: [phone]
David Youngman / Adrian Kirk
College Hill	Tel: [phone]
Adrian Duffield / Justine Lamond	[e-mail]

 

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