REG - RUA Life Sciences - Directorate Change

Rua Life SciencesAnnouncement

29/01/2024 07:00

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RNS Number : 1347B  RUA Life Sciences PLC  29 January 2024

29 January 2024

 

RUA Life Sciences Plc

("RUA Life Sciences", the "Company" or the "Group")

 

Directorate Change

 

RUA Life Sciences (AIM: RUA), the holding company of a group of medical
device businesses focused on the exploitation of the world's leading long-term
implantable biostable polymer (Elast-Eon™), announces that with immediate
effect Caroline Stretton, Group Managing Director, has resigned as a director
of the Company and is leaving her role as Group Managing Director to pursue
other business opportunities.

The executive directors will continue to manage the Company supported by the
non-executive directors.  The Board is considering the appropriate longer
term management structure of the Company and further announcements will be
made in due course, as appropriate.

Bill Brown, Chairman of RUA, said: "The Board of RUA thanks Caroline for her
hard work over the last year and wishes her well for the future. RUA is
pursuing a number of opportunities to develop the business further and these
will play a part in the future shape of the senior leadership team.  Current
trading remains in line with the Board's expectations."

 

For further information contact:

 

 

 RUA Life Sciences

 Bill Brown, Executive Chairman                                          Tel: +44 (0)1294 317073

 Lachlan Smith, Chief Financial Officer

 Cavendish Capital Markets                                               Tel: +44 (0)20 7220 0500
 Limited

 (Nominated Adviser and Broker)

 Giles Balleny/Dan Hodkinson (Corporate Finance)

 Charlie Combe (Broking)

 Michael Johnson (Sales)

 

 

 About RUA Life Sciences

 

The RUA Life Sciences group was created in April 2020 when RUA Life
Sciences Plc (formerly known as AorTech International Plc) acquired RUA
Medical Devices Limited to create a fully formed medical device
business. RUA Life Sciences is the holding company of the Group's four
trading businesses, each exploiting the Group's patented polymer technology.

 

Our vision is to improve the lives of millions of patients by enabling medical
devices with Elast-Eon(TM), the world's leading long-term implantable
polyurethane. Whether it is licensing Elast-Eon(TM), manufacturing a device or
component, or developing next generation medical devices, a RUA Life
Sciences business is pursuing our vision.

 

Elast-Eon™'s biostability is comparable to silicone while exhibiting
excellent mechanical, blood contacting and flex-fatigue properties. These
polymers can be processed using conventional thermoplastic extrusion and
moulding techniques. With over 8 million implants and 15 years of successful
clinical use, RUA's polymers are proven in long-term life enabling
applications.

 

The Group's four business units are:

 

 RUA Contract Manufacture:  End-to-end contract developer and manufacturer of medical devices and
                            implantable fabric specialist.

 RUA Biomaterials:          Licensor of Elast-Eon(TM) polymers to the medical device industry.

 RUA Vascular:              Commercialisation of open surgical vascular grafts and patches

 RUA Structural Heart:      Development of polymeric leaflet systems for heart valves.

 

 

 

 

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