REG - MyHealthChecked PLC - AGM Statement

MyhealthcheckedAnnouncement

11/05/2023 07:00

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RNS Number : 0105Z  MyHealthChecked PLC  11 May 2023

MyHealthChecked PLC

("MyHealthChecked" or the "Company")

 

AGM Statement

 

MyHealthChecked PLC (AIM: MHC), the consumer home-testing healthcare company,
provides an update to shareholders ahead of its Annual General Meeting ("AGM")
today at The Maltings, East Tyndall Street, Cardiff, CF24 5EA at 11.00 a.m.

 

Chairman's AGM statement

 

We have made tremendous progress over the last year, not only delivering
excellent financial results the second year in a row, but firmly establishing
ourselves as a trusted partner in the wellness industry, with a strong record
of reliability and delivery for customers and retail partners.

 

We remain well-positioned to deliver further success in 2023, particularly
with the upcoming nationwide launch of an expanded portfolio of at-home
wellness tests. As announced earlier in the week, we are at an advanced stage
of negotiation with a key retail partner, and we look forward to supporting
their commercial strategy to meet their customers' needs for at-home testing.
We will update shareholders in due course.

 

The recent news that we are now successfully registered with the Healthcare
Inspectorate Wales ('HIW') is an important milestone in our aim to support
retail partners with a nationwide launch. It validates the quality of our
at-home wellness testing service and our commitment to patient care and
confirms to our partners that we operate to the highest standards.

 

Whilst we continue to see steady sales for COVID tests in 2023, as previously
announced we do expect to see an overall reduction in demand. That said we
remain capable of delivering against any unpredictable fluctuations in testing
volumes that might occur throughout the year. A trading update for the six
months ended 30 June 2023 will be provided in July.

 

We also look forward to confirming shareholder approval for the Share
Consolidation, whereby 15 Existing Ordinary Shares will be consolidated into 1
ordinary share. We believe this will improve the marketability of our shares,
by way of a higher share price, and hope that this will reduce share price
volatility by narrowing the spread of the bid and offer price.

 

Ultimately, we remain focussed on the upcoming launch of our new tests and the
further development of our digital platform, which we are confident provides a
strong opportunity to create value for our shareholders and solidify our
position as a leading wellness company.

 

For further information contact:

 

 MyHealthChecked PLC                                                www.myhealthchecked.com (http://www.myhealthchecked.com)
 Penny McCormick, Chief Executive Officer                           via Walbrook PR

 SPARK Advisory Partners Limited (NOMAD)                            Tel: +44 (0)20 3368 3550
 Neil Baldwin

 Dowgate Capital Limited (Broker)                                   Tel: +44 (0)20 3903 7715
 David Poutney / Nicholas Chambers

 Walbrook PR Ltd (Media & IR)      Tel: +44 (0)20 7933 8780 or myhealthcheckedplc@walbrookpr.com
                                   (mailto:myhealthcheckedplc@walbrookpr.com)
 Paul McManus / Alice Woodings                                      Mob: +44 (0)7980 541 893 / +44 (0)7407 804 654

About MyHealthChecked PLC (www.myhealthcheckedplc.com
(http://www.myhealthcheckedplc.com) )

MyHealthChecked PLC, based in Cardiff, is an AIM-quoted pioneering UK
healthcare company focused on a range of at-home healthcare and wellness
tests.

 

MyHealthChecked (http://www.myhealthchecked.com) is the umbrella brand of a
range of at-home rapid tests, as well as DNA, RNA and blood sample collection
kits which have been created to support customers on their journeys to
wellness. The tests are lateral-flow self-tests, and the sample collection
kits enable the collection of blood, urine, nasal or mouth swab samples that
are analysed in partner laboratories for a range of biomarkers. The tests will
also be made available online and will be viable for over-the -counter
purchase.

 

The MyHealthChecked portfolio has been identified as part of a change in
mindset as customers become more familiar with the concept of accessible
healthcare in the growing at home testing kit market with a focus on
accessibility at the right price, led by UK-based experts.

 

 

 

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