Comment re: share purchase

Polarean Imaging PLC

15 January 2024

 

Polarean Imaging Plc

("Polarean" or the "Company")

Comment re: share purchase

Polarean Imaging plc (AIM: POLX), a commercial-stage medical device leader in advanced magnetic resonance imaging ("MRI") of the lungs, notes the TR-1 announcements released on 12 January 2024 showing the sale of 9.5 million Polarean shares held by Amati Global Investors Ltd to NUKEM Isotopes GmbH ("NUKEM Isotopes"), a strategic partner and investor in the Company. This transaction highlights the significant support NUKEM Isotopes has in Polarean, and has increased NUKEM Isotopes's Polarean holding to 10.458%.

NUKEM Isotopes GmbH is a leading trading company for stable isotopes used in different fields for various applications. They have established reliable partnerships with gas manufacturers for the production of highly pure noble gases. The company is located in Alzenau, Germany.

Enquiries:

Polarean Imaging plc			www.polarean.com / www.polarean-ir.com
Christopher von Jako, Ph.D, Chief Executive Officer			Via Walbrook PR
Charles Osborne, Chief Financial Officer
Stifel Nicolaus Europe Limited (NOMAD and Sole Corporate Broker)					[phone]
Nicholas Moore / Samira Essebiyea / Kate Hanshaw (Healthcare Investment Banking)
Nick Adams / Nick Harland (Corporate Broking)
Walbrook PR	Tel: [phone] or [e-mail]
Anna Dunphy / Phillip Marriage		Mob: [phone]

About Polarean (www.polarean.com)

The Company and its wholly-owned U.S. subsidiary, Polarean, Inc. are revenue-generating, medical imaging technology companies. The Company aspires to revolutionise pulmonary medicine by bringing the power and safety of MRI to the respiratory healthcare community which is desperately in need of new modern solutions to evaluate lung function. Polarean is dedicated to researching, developing, and commercialising these novel imaging solutions with their non-invasive and radiation-free functional MRI platform. The Company strives to address the global unmet medical needs of more than 500 million patients worldwide suffering from chronic respiratory disease. Polarean is a leader in the field of hyperpolarisation science and has successfully developed the first and only hyperpolarised Xenon MRI contrast agent (XENOVIEW™) to be FDA-approved in the United States. The Company also commercialises the systems, software, and accessories to support fully integrated modern respiratory imaging operations. Founded in 2012, with offices in Durham, NC, and London, United Kingdom, Polarean is committed to increasing global awareness of and broad access to its XENOVIEW MRI technology platform. For the latest news and information about Polarean, please visit www.polarean.com.

PLC-RNS-2326

 

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