REG - Shield Therapeutics - £1.5 million placing supporting growth of ACCRUFeR

Shield TherapeuticsAnnouncement

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RNS Number : 3037Z  Shield Therapeutics PLC  15 September 2025

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 (as it forms part of domestic law in the United Kingdom by
virtue of the European Union (Withdrawal) Act 2018). Upon the publication of
this announcement via the Regulatory Information Service, this inside
information is now considered to be in the public domain.

 

Shield Therapeutics plc

("Shield" or the "Company" or the "Group")

 

£1.5 million placing supporting growth of ACCRUFeR®

 

 

London, UK, September 15, 2025: Shield Therapeutics plc (LSE: STX), a
commercial-stage pharmaceutical company specialising in iron deficiency,
announces that the completion of a placing (the "Placing") to raise gross
proceeds of £1.5 million through the issue of 20,000,000 new ordinary shares
("New Ordinary Shares") in the capital of the Company at a price of 7.5 pence
per share (the "Issue Price"). This Placing resulted from unsolicited
institutional investor demand.

 

The Issue Price represents a premium of approximately 5% to the 30-day VWAP
(Volume Weighted Average Price) of 7.13 pence per existing Ordinary Share to
12 September 2025, being the last trading day prior to the publication this
announcement. The Placing Shares, in aggregate, represent approximately 1.9%
of the existing issued ordinary share capital of the Company.

 

CMC Markets UK Plc, trading as CMC CapX, acted as the Company's sole placing
agent in respect of the Placing.

 

Application has been made to London Stock Exchange plc for the Placing Shares
to be admitted to trading on AIM ("Admission"). Admission is expected to take
place on 19 September 2025. The Placing Shares will be fully paid and will
rank pari passu in all respects with the existing Ordinary Shares.

 

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 1,061,690,484 with equal voting rights. No shares are
held in treasury.

 

This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company's share capital
pursuant to (i) the Company's Articles, (ii) the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules and/or (iii) the AIM Rules for
Companies issued by the London Stock Exchange plc as amended from time to
time.

 

Santosh Shanbhag, CFO at Shield, commented: "We are pleased with the continued
momentum of ACCRUFeR® growth in the US which has now become the #1 branded
prescription oral iron in the market today. This placing is in the best
interests of the Company by broadening its institutional shareholder base and
whilst we remain confident in turning cash flow positive by the end of 2025 it
also further strengthens the Company's working capital position allowing the
Board and management to focus completely on accelerating sales of ACCRUFeR®"

 

 

For further information please contact:

 

 Shield Therapeutics plc                                                                         www.shieldtherapeutics.com (http://www.shieldtherapeutics.com/)
 Anders Lundstrom, CEO                                                                           +44 (0) 191 511 8500

 Santosh Shanbhag, CFO                                                                           Investorrelations@shieldtx.com

 Stephanie Hicks, Investor Relations

 Nominated Adviser and Joint Broker
 Peel Hunt LLP
 James Steel                                                                                     +44 (0)20 7418 8900

 Joint Broker

 Cavendish Ltd

 Geoff Nash/ Isaac Hooper/Nigel Birks/Harriet
 Ward

                                                                                                 +44 (0)20 7220 0500

 Placing Agent

 CMC Markets UK Plc                                                                                                +44 (0)20 3003 8255

 Thomas
 Smith

About Iron Deficiency and ACCRUFeR®/FeRACCRU®

Clinically low iron levels (aka iron deficiency, ID) can cause serious health
problems for adults of all ages, across multiple therapeutic areas. Together,
ID and ID with anemia (IDA) affect about 20 million people in the US and
represent a $2.3B market opportunity. As the first and only FDA approved oral
iron to treat ID/IDA, ACCRUFeR® has the potential to meet an important unmet
medical need for both physicians and patients and is now the leading #1
branded prescription oral iron the market today (data source - IQVIA Xponent
PlanTrak).

 

ACCRUFeR®/FeRACCRU® (ferric maltol) is a novel, stable, non-salt-based oral
therapy for adults with ID/IDA. The drug has a novel mechanism of absorption
compared to other oral iron therapies and has been shown to be an efficacious
and well-tolerated therapy in a range of clinical trials. More information
about ACCRUFeR®/FeRACCRU®, including the product label, can be found at:
www.accrufer.com (http://www.accrufer.com) and www.feraccru.com
(http://www.feraccru.com) .

 

About Shield Therapeutics plc

Shield is a commercial stage specialty pharmaceutical company that delivers
ACCRUFeR®/FeRACCRU® (ferric maltol), an innovative and differentiated
pharmaceutical product, to address a significant unmet need for patients
suffering from iron deficiency, with or without anemia. The Company has
launched ACCRUFeR® in the U.S. with an exclusive, multi-year collaboration
agreement with Viatris. Outside of the U.S., the Company has licensed the
rights to five specialty pharmaceutical companies. FeRACCRU® is
commercialised in the UK and European Union by Norgine B.V., which also has
marketing rights in Australia and New Zealand. Shield also has an exclusive
license agreement with Beijing Aosaikang Pharmaceutical Co., Ltd., for the
development and commercialisation of ACCRUFeR®/FeRACCRU® in China, Hong
Kong, Macau and Taiwan, with Korea Pharma Co., Ltd. for the Republic of Korea,
with Kye Pharmaceuticals Inc. for Canada, and with VITAL-NET for Japan.

 

ACCRUFeR®/FeRACCRU® has patent coverage until the mid-2030s.

ACCRUFeR®/FeRACCRU® are registered trademarks of Shield Therapeutics.

 

About CMC Markets UK Plc

CMC was established in 1989 and is a FTSE250 listed company. CMC is the second
largest domestic stockbroker in Australia, and the group has offices in
fourteen countries, with major hubs based in the UK, Germany, Dubai,
Singapore, Australia & Canada servicing clients from all around the globe.
CMC employs more than fourteen hundred staff and has around one million
clients globally.

 

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