Update to the Sale of Shares

RNS Number : 7531P

ValiRx PLC

31 March 2009

 



ValiRx plc

(the 'Company')

Update to the Sale of Shares Agreement

The Company announces that it has agreed amended payment terms with Biofield Corp ('Biofield') for the payment of Eur 600,000 as consideration due to the Company following the disposal of 10 per cent. of the Company's holding in its subsidiary, ValiBio S.A.. Under the amended payment terms, the Company will receive monthly payments commencing from 1 June, 2009. The Company will receive an additional Eur 60,000 to compensate the Company for the delay in payment of the initial consideration.

For further information contact:

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

 

END

 

 

AGRWUUGWWUPBGQU