TIDMPOLX

RNS Number : 2883H

Polarean Imaging PLC

27 July 2023

Polarean Imaging Plc

("Polarean" or the "Company")

Block Listing Six Monthly Return

Polarean Imaging plc (AIM: POLX), a commercial-stage medical device leader in advanced MRI scanning of the lungs, today makes the following notification pursuant to Schedule Six of the AIM Rules for Companies regarding its existing block admission arrangements:

 
 Name of applicant:                                                 Polarean Imaging Plc 
 Name of scheme:                                                    Polarean Share Option Plan 
                                                                   ------------------------------------------------- 
 Number and class of securities originally admitted:                8,000,000 ordinary shares of GBP0.00037 each 
                                                                   ------------------------------------------------- 
 Date of admission:                                                 29 July 2021 
                                                                   ------------------------------------------------- 
 Period of return:                        From:                     26 January 2023         To:     26 July 2023 
                                         ------------------------  ----------------------  ------  ----------------- 
 Balance of unallotted securities under scheme(s) from previous 
  return:                                                           4,025,657 
                                                                   ------------------------------------------------- 
 Plus: The amount by which the block scheme(s) has been increased 
  since the date of the last 
  return (if any increase has been applied for):                    0 
                                                                   ------------------------------------------------- 
 Less: Number of securities issued/allotted under scheme(s) 
  during period (see LR3.5.7G):                                     852,822 
                                                                   ------------------------------------------------- 
 Equals: Balance under scheme(s) not yet issued/allotted at end 
  of period:                                                        3,172,835 
                                                                   ------------------------------------------------- 
 Total number of securities in issue at the end of the period       213,900,331 
                                                                   ------------------------------------------------- 
 
 
 
 
 Name of contact:               Charles F. Osborne, Jr., Chief Financial Officer 
 Telephone number of contact:   + 44 (0)20 7933 8780 or polarean@walbrookpr.com 
                               -------------------------------------------------

Enquiries:

 
  Polarean Imaging plc                                                  www.polarean.com / www.polarean-ir.com 
  Christopher von Jako, Chief Executive                                                        Via Walbrook PR 
   Officer 
  Kenneth West, Chairman 
 
  Stifel Nicolaus Europe Limited (NOMAD and 
   Sole Corporate Broker)                                                                  +44 (0)20 7710 7600 
  Nicholas Moore / Samira Essebiyea / Kate Hanshaw 
   (Healthcare 
   Investment Banking) 
  Nick Adams / Nick Harland (Corporate Broking) 
 
  Walbrook PR                                              Tel: +44 (0)20 7933 8780 or polarean@walbrookpr.com 
  Anna Dunphy / Phillip Marriage                               Mob: +44 (0)7876 741 001 / +44 (0) 7867 984 082

About Polarean ( www.polarean.com )

The Company and its wholly owned subsidiary, Polarean, Inc. (together the "Group") are revenue-generating, medical imaging technology companies operating in the high-resolution medical imaging space. Polarean aspires to revolutionise pulmonary medicine by bringing the power and safety of MRI to the respiratory healthcare community in need of new solutions to evaluate lung ventilation, diagnose disease, characterise disease progression, and monitor response to treatment. By researching, developing, and commercialising novel imaging solutions with a non-invasive and radiation-free functional imaging platform. Polarean's vision is to help address the global unmet medical needs of more than 500 million patients worldwide suffering with chronic respiratory disease. Polarean is a leader in the field of hyperpolarisation science and has successfully developed the first and only hyperpolarised MRI contrast agent to be approved in the United States. The company also commercialises systems (such as the HPX hyperpolarisation system), accessories (such as Xe-specific chest coils and phantoms) and FDA-cleared post-processing software (to support ventilation defect analysis), to support fully integrated modern respiratory imaging operations.

PLC-RNS-2314

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July 27, 2023 02:00 ET (06:00 GMT)

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