Intuitive Investments Group plc Investment in Polarean Imaging plc (4857S)
March 17 2021 - 2:00AM
UK Regulatory
TIDMIIG TIDMPOLX
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 GBP250,000 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 (
(129) Xe) 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 GBP125,000 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 Via Walbrook PR
Robert Naylor
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 +44 (0)20 7933 8780 or intuitive@walbrookpr.com
Relations
+44 (0) 7980 541 893/+44(0)7748
Paul McManus/Sam Allen 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.
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