Posting of Circular and Notice of General Meeting

ValiRx

04/11/2025 17:15

RNS Number : 1835G

ValiRx PLC

04 November 2025

 

4 November 2025

ValiRx PLC

("ValiRx" or the "Company")

Posting of Circular and Notice of General Meeting

 

London, UK - ValiRx Plc (AIM: VAL), a life sciences company focusing on early-stage cancer therapeutics and women's health, announces that, further to the announcement made on 30 October 2025, a circular (the "Circular"), including the Notice of General Meeting and a Form of Proxy, has been posted to shareholders.

 

The General Meeting will be held at the offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London, EC4R 3TT at 11 a.m. on 20 November 2025.

 

A copy of the Circular will shortly be available on the Company's website at https://www.valirx.com/aim-rule-26.

 

Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Company's announcement of 30 October 2025.

 

 

FUNDRAISING STATISTICS

 

      

Issue Price
0.25 pence
Number of Existing Shares
374,348,672
Number of Tranche 1 Placing Shares
112,304,600
Number of Tranche 2 Placing Shares
183,695,400
Aggregate Number of Placing Shares
296,000,000
Number of WRAP Retail Offer Shares
60,722,400
Number of Subscription Shares
4,000,000
Number of Fee Shares
7,650,000
Aggregate Number of New Ordinary Shares to be issued in connection with the Fundraising
368,372,400
Number of Shares in issue following Admission and issue of the New Ordinary Shares
742,721,072
Percentage of the Enlarged Share Capital represented by the New Ordinary Shares
49.60%
Number of Fundraising Warrants to be issued following Admission
368,372,400
Number of Broker Warrants to be issued following Admission
16,036,120
Gross proceeds of the Placing
£740,000
Gross proceeds of the WRAP Retail Offer
£152,000
Gross proceeds of the Subscription
£10,000
Gross proceeds of the Fundraising
£902,000
Ordinary Share ISIN
GB00BLH13C52

 

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 

 

2025
Announcement of the Fundraising
30 October
Launch of the WRAP Retail Offer
30 October
Date of publication and posting of this Circular & the Form of Proxy
4 November
Announcement of the results of the WRAP Retail Offer
4 November
Admission and dealings in the Tranche 1 Placing Shares expected to commence on AIM
8:00 a.m. on or around 6 November
Expected date for CREST accounts to be credited for Tranche 1 Placing Shares to be held in uncertificated form
6 November
Despatch of definitive share certificates in respect of the Tranche 1 Placing Shares to be held in certificated form, if applicable
by 20 November
Latest time and date for receipt of CREST Proxy Votes or the completed Forms of Proxy
11.00 a.m. on 18 November
General Meeting
11.00 a.m. on 20 November
Announcement of the results of the General Meeting
20 November
Admission and dealings in the Tranche 2 Placing Shares, Subscription Shares, Fee Shares and WRAP Retail Offer Shares expected to commence on AIM
8:00 a.m. on or around 21 November
Expected date for CREST accounts to be credited for Tranche 2 Placing Shares, Subscription Shares, WRAP Retail Offer Shares, Fee Shares and Fundraising Warrants to be held in uncertificated form
21 November
Despatch of definitive share certificates in respect of the Tranche 2 Placing Shares, Subscription Shares, WRAP Retail Offer Shares, Fee Shares and Fundraising Warrants to be held in certificated form, if applicable
by 5 December


 

Notes:

 

1. Each of the times and dates above are indicative only and if any of the details contained in the timetable above should change, the revised times and dates will be notified to Shareholders by means of an announcement through a Regulatory Information Service.

 

2. All of the above times refer to London time unless otherwise stated.

 

3. All events listed in the above timetable related to the granting of the Fundraising Warrants and the Broker Warrants and Admission of the Tranche 2 Placing Shares, the Subscription Shares, the WRAP Retail Offer Shares and the Fee Shares are conditional on the passing at the General Meeting of the Fundraising Resolutions to provide the relevant authorities.

 

Cautionary statement

Certain statements made in this announcement are forward-looking statements. Such statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results expressed or implied in these forward-looking statements. Persons receiving this announcement should not place undue reliance on forward-looking statements. Unless otherwise required by applicable law, regulation or accounting standard, the Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

For more information, please contact:

Investor questions on this announcement
We encourage all investors to share questions
on this announcement via our investor hub
https://valirx.com/link/yVwkje
ValiRx plc
Dr Mark Eccleston, CEO
Tel: +44 115 784 0026
www.valirx.com
Mark.Eccleston@valirx.com
Cairn Financial Advisers LLP (Nominated Adviser)
Liam Murray / Ludovico Lazzaretti
Tel: +44 (0) 20 7213 0880
Shard Capital Partners LLP (Broker)
Damon Heath
Andrew Gutmann
Tel: +44 (0) 20 7186 9000
SP Angel Corporate Finance LLP (Placing Agent)
David Hignell
Vadim Alexandre
Tel: +44 (0) 20 3470 0470
V Formation (Public Relations)
Lucy Wharton - Senior PR Executive
Sue Carr - Director
+44 (0) 115 787 0206
www.vformation.biz
lucy@vformation.biz
sue@vformation.biz

 

Background to and Reasons for the Fundraising

 

ValiRx is an AIM-quoted life science company focused on cancer therapeutics and women's health. The Company seeks to identify the most promising research in academia and innovative biotechnology companies and translate this research towards clinical development, providing a pathway to commercialisation.

 

The Company has identified certain fundamental issues impacting drug development today, in terms of innovation, productivity and access. A lack of expertise in early-stage drug developers, particularly in academia, contributes to low rates of success in translating novel scientific research into valuable new therapeutic assets, hindering both the adoption of innovation and the overall productivity of developing new treatments.

 

To address these fundamental issues, ValiRx has adopted a strategy to improve the efficacy of translating promising novel research into the preclinical development phase, with a particular focus on women's health and oncology. Combining its clinical knowledge, deep biological expertise, data generation and data interpretation abilities, ValiRx seeks to unlock the substantial potential of early-stage innovation and provide a specialist service for its in-house collaborative projects and third-party innovators through its subsidiary, Inaphaea Biolabs Limited ("Inaphaea").

 

Use of Proceeds

 

The proceeds of the Fundraising, in aggregate of approximately £902,000 (before expenses), are intended to be used by the Group for the following:

 

Estimated cost
· R&D: invest into the ValiRx future collaborative pipeline
£0.4m
· R&D: preclinical development of Cytolytix
£0.2m
· R&D: preclinical development of VAL201 2.0
£0.05m
· Operating costs (balance from R&D tax credits, revenue and grants)
£0.25m

 

For the purposes of section 571(6)(c) of the Companies Act 2006, the Issue Price has been determined by the Company following discussions with market participants and its professional advisers.

 

 

 

 

 

 

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