Renalytix
plc
("Renalytix" or the
"Company")
Issue of
Shares
LONDON and SALT LAKE CITY - 10
April 2024 - Renalytix plc (NASDAQ: RNLX) (LSE: RENX), announces
the repayment of $1.06 million of principal and interest amount due
under the Company's convertible bonds for the period from 8 January
2024 to 7 April 2024, further details of the convertible bonds were
announced on 31 March 2022. The repayment of the principal and
interest amount due for the period is being made through the issue
of 1,818,081 American Depositary Shares ("ADSs") representing 3,636,162 ordinary
shares of £0.0025 each in the capital of the Company (the
"Ordinary Shares") on 11
April 2024.
After settlement of the repayment,
the principal remaining under the convertible bonds will be reduced
by $1.06 million to $12.72 million.
An application has been made to the
London Stock Exchange plc for the new Ordinary Shares to be
admitted to trading on AIM. It is expected that admission of the
3,636,162 new Ordinary Shares to trading on AIM will become
effective on, or around, 8 a.m. UK time on 12 April 2024. The new
Ordinary Shares will rank pari
passu with the existing Ordinary Shares of the
Company.
Total voting rights
Following the allotment and issue of
the 3,636,162 new Ordinary Shares, the Company will have
123,552,349 Ordinary Shares in issue with each share carrying the
right to one vote. The Company has no Ordinary Shares held in
treasury. The total number of voting rights in the Company will
therefore be 123,552,349.
The International Securities
Identification Number for the Ordinary Shares is
GB00BYWL4Y04.
For further information,
please contact:
Renalytix plc
|
www.renalytix.com
|
James McCullough, CEO
|
Via Walbrook
PR
|
|
|
Stifel (Nominated Adviser, Joint Broker)
|
Tel: 020 7710
7600
|
Alex Price / Nicholas Moore / Nick
Harland / Samira Essebiyea
|
|
|
|
Investec Bank plc (Joint Broker)
|
Tel: 020 7597
4000
|
Gary Clarence / Shalin
Bhamra
|
|
|
|
Walbrook PR Limited
Paul McManus / Alice Woodings /
Charlotte Edgar
|
Tel: 020 7933 8780 or
renalytix@walbrookpr.com
Mob: 07980 541 893 / 07407 804 654 /
07884 664 686
|
|
|
CapComm Partners
|
|
Peter DeNardo
|
Tel:
415-389-6400 or investors@renalytix.com
|
About Renalytix
Renalytix (NASDAQ: RNLX) (LSE: RENX)
is an in-vitro diagnostics and laboratory services company that is
the global founder and leader in the new field of bioprognosis™for
kidney health. The leadership team, with a combined 200+ years of
healthcare and in-vitro diagnostic experience, has designed its
KidneyIntelX laboratory developed test to enable risk assessment
for rapid progressive decline in kidney function in adult patients
with T2D and early CKD (stages 1-3). We believe that by
understanding how disease will progress, patients and providers can
take action early to improve outcomes and reduce overall health
system costs. For more information, visit
www.renalytix.com.
Disclosure requirements of
the Takeover Code
Under Rule 8.3(a) of the City Code
on Takeovers and Mergers ("Takeover
Code"), any person who is interested in one per
cent. or more of any class of relevant securities of an offeree
company or of any securities exchange offeror (being any offeror
other than an offeror in respect of which it has been announced
that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer
period and, if later, following the announcement in which any
securities exchange offeror is first identified.
An Opening Position Disclosure must
contain details of the person's interests and short positions in,
and rights to subscribe for, any relevant securities of each of (i)
the offeree company and (ii) any securities exchange offeror(s). An
Opening Position Disclosure by a person to whom Rule 8.3(a) applies
must be made by no later than 3.30
p.m. (London time) on the 10th business
day following the commencement of the offer period and, if
appropriate, by no later than 3.30
p.m. (London time) on the 10th business
day following the announcement in which any securities exchange
offeror is first identified. Relevant persons who deal in the
relevant securities of the offeree company or of a securities
exchange offeror prior to the deadline for making an Opening
Position Disclosure must instead make a Dealing
Disclosure.
Under Rule 8.3(b) of the Takeover
Code, any person who is, or becomes, interested in one per cent. or
more of any class of relevant securities of the offeree company or
of any securities exchange offeror must make a Dealing Disclosure
if the person deals in any relevant securities of the offeree
company or of any securities exchange offeror. A Dealing Disclosure
must contain details of the dealing concerned and of the person's
interests and short positions in, and rights to subscribe for, any
relevant securities of each of (i) the offeree company and (ii) any
securities exchange offeror, save to the extent that these details
have previously been disclosed under Rule 8. A Dealing Disclosure
by a person to whom Rule 8.3(b) applies must be made by no later
than 3.30 p.m. (London time) on the business day
following the date of the relevant dealing.
If two or more persons act together
pursuant to an agreement or understanding, whether formal or
informal, to acquire or control an interest in relevant securities
of an offeree company or a securities exchange offeror, they will
be deemed to be a single person for the purpose of Rule
8.3.
Opening Position Disclosures must
also be made by the offeree company and by any offeror and Dealing
Disclosures must also be made by the offeree company, by any
offeror and by any persons acting in concert with any of them (see
Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror
companies in respect of whose relevant securities Opening Position
Disclosures and Dealing Disclosures must be made can be found in
the Disclosure Table on the Panel's website
at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Panel's Market Surveillance Unit
on +44 (0)20 7638 0129 if you are in any doubt as to whether you
are required to make an Opening Position Disclosure or a Dealing
Disclosure.