REG - Intuitive Invests.Gp Polarean Imaging PLC - Investment in Polarean Imaging plc

Intuitive InvestmentsAnnouncement

17/03/2021 07:05

RNS Number : 4857S
  
Intuitive Investments Group plc
  
17 March 2021
  
 

17 March 2021 
Intuitive Investments Group plc
Investment in Polarean Imaging plc
Intuitive Investments Group plc (AIM: IIG) ("IIG" or the "Company"), a closed-end investment company focussed on the life sciences sector, announces an investment of £250,000 to acquire 416,666 ordinary shares of Polarean Imaging plc (AIM: POLX) ("Polarean") at a price of 60 pence per share (the "Investment"). The Investment is part of Polarean's fundraising as announced by Polarean on 15 March 2021 (the "Fundraising"). The Investment is conditional upon, amongst other things, each of the resolutions being passed at Polarean's forthcoming general meeting on 6 April 2021.
Polarean and its wholly owned subsidiary, Polarean, Inc. (together the "Group") are revenue generating, medical drug-device combination companies operating in the high-resolution medical imaging market. The Group develops equipment that enables existing MRI systems to achieve an improved level of pulmonary function imaging and specialises in the use of hyperpolarised Xenon gas (129Xe) as an imaging agent to visualise ventilation and gas exchange regionally in the smallest airways of the lungs, the tissue barrier between the lung and the bloodstream and in the pulmonary vasculature. Xenon gas exhibits solubility and signal properties that enable it to be imaged within other tissues and organs.
 
Robert Naylor has personally invested £125,000 as part of the Fundraising. Accordingly, Robert Naylor did not vote as a member of the Board IIG approving the Investment. 
 
For further information, please contact:



Intuitive Investments Group plc


www.iigplc.com




David Evans
Robert Naylor


Via Walbrook PR




 


 




Strand Hanson Limited - Nominated Adviser


+44 (0) 20 7409 3494




James Harris / James Dance / James Bellman
 


















 
Turner Pope Investments (TPI) Ltd - Broker


+44 (0) 20 3657 0050




Andrew Thacker / Zoe Alexander


 




 


 




Walbrook PR Limited - Media & Investor Relations


+44 (0)20 7933 8780 or intuitive@walbrookpr.com




Paul McManus/Sam Allen


+44 (0) 7980 541 893/+44(0)7748 651727



 
About Intuitive Investments Group plc
The Company is a newly established investing company, seeking to provide investors with exposure to a portfolio concentrating on fast growing and/or high potential Life Sciences businesses operating predominantly in the UK, continental Europe and the US, utilising the Board's experience and in particular that of the Chairman, David Evans, to seek to generate capital growth over the long term for shareholders.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
MSCFQLLFFXLLBBD