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Renalytix AI plc (LSE: RENX), the AIM-traded developer of clinical grade artificial intelligence in vitro diagnostics for kidney disease, announces that, following legal advice, it has taken the decision to remove the offering restrictions imposed by US securities law on all ordinary shares of £0.0025 each in the capital of the Company (“Ordinary Shares”). Details of these restrictions were set out in Part 12 of the Company’s admission document dated 5 November 2018 and in the Company’s announcement dated 23 July 2019 relating to a placing of Ordinary Shares.
The Company’s registrar, Link Asset Services, will remove the “REG S” marker on Ordinary Shares held in the CREST system on or around the date of this announcement. From such time, the Ordinary Shares will not have any restrictive legends applied in the CREST system. The ISIN (GB00BYWL4Y04) and SEDOL code (BYWL4Y0) of the Ordinary Shares will remain unchanged.
Certificates for Ordinary Shares held in certificated form will not be reissued. Current share certificates for Ordinary Shares will remain valid and the restrictive legend appearing on the certificates will no longer be relevant. Any new share certificates issued by the Company will not contain the restrictive legend.
Holders of Ordinary Shares do not need to take any action in this regard. However, if a holder of Ordinary Shares would like to exchange his or her existing share certificate for a new share certificate without the restrictive legend, the existing share certificate should be sent by post to Link Asset Services at 34 Beckenham Road, Beckenham, Kent BR3 4TU, along with a corresponding request for a new share certificate without the restrictive legend. Link Asset Services will charge a fee for issuing a new share certificate in accordance with its usual procedures.
|Renalytix AI plc||www.renalytixai.com|
|James McCullough, CEO||Via Walbrook PR|
|Stifel (Nominated Adviser & Joint Broker)||Tel: 020 7710 7600|
Alex Price / Jonathan Senior / Ben Maddison (Investment Banking)
|N+1 Singer (Nominated Adviser & Broker)||Tel: 020 7496 3000|
|Aubrey Powell / James White / George Tzimas (Corporate Finance)
Tom Salvesen / Mia Gardner (Corporate Broking)
|Walbrook PR Limited||Tel: 020 7933 8780
|Mob: 07980 541 893
07584 391 303
About Kidney Disease
Kidney disease is now recognised as a public health epidemic affecting over 850 million people globally. The Centers for Disease Control estimates there that 15% of United States adults or 37 million people currently have kidney disease. It is reported that 9 out of 10 adults with chronic kidney disease do not know they have it and 1 out of 2 people with very low kidney function who are not on dialysis do not know they have CKD*. Kidney disease is referred to as a “silent killer” because it often has no symptoms and can go undetected until a very advanced stage. Each year kidney disease kills more people than breast and prostate cancer. Every day 13 patients die in the United States while waiting for a kidney transplant.
RenalytixAI is a developer of artificial intelligence-enabled clinical in vitro diagnostic solutions for kidney disease, one of the most common and costly chronic medical conditions globally. The Company’s products are being designed to make significant improvements in kidney disease diagnosis, transplant management, clinical care, patient stratification for drug clinical trials, and drug target discovery. For more information, visit renalytixai.com