Broker Option Results

RNS Number : 2847R

ValiRx PLC

05 July 2022

 

ValiRx Plc

("ValiRx" or the "Company")

Broker Option Results

Further to the announcement made on 30 June 2022 by the Company in connection with the placing to raise £1.5 million (before expenses) (the "Fundraising Announcement"), ValiRx, a life science company focusing on early-stage cancer therapeutics and women's health, is pleased to announce that the Broker Option granted to Turner Pope Investments (TPI) Limited has been fully subscribed, receiving applications for 10,000,000 Ordinary Shares (representing £1.0 million raised before expenses) available on the same terms as the Fundraising.

Subject to Admission, trading in the new Ordinary Shares is expected to commence  on Thursday, 7 July 2022.

Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Company's announcement of 30 June 2022.

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]
Cairn Financial Advisers LLP (Nominated Adviser)   Liam Murray/Jo Turner/Ludovico Lazzaretti	Tel: [phone]
Cenkos Securities Limited (Joint Broker)  D ale Bellis /Michael Johnson (Sales) Giles Balleny/Callum Davidson (Corporate Finance)	Tel: [phone]
Turner Pope Investments (TPI) Limited (Joint Broker) James Pope / Andy Thacker	Tel: [phone]

Notes for Editors

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 towards enabling 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 aim 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-licensed or partnered with investors through ValiRx subsidiary companies for further clinical development and commercialisation.   https://www.valirx.com/

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

 

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