TIDMPOLX

RNS Number : 6761D

Polarean Imaging PLC

30 October 2020

Polarean Imaging Plc

("Polarean" or the "Company")

Total Voting Rights

Polarean Imaging plc (AIM: POLX), the medical -- imaging technology company, with a proprietary drug -- device combination product for the magnetic resonance imaging (MRI) market, announces that the total number of shares in issue and total voting rights as at the date of this announcement is 161,894,135 ordinary shares of GBP0.00037 each.

The total issued share capital of the Company consists of 161,894,135 Ordinary Shares. This number may be used by Shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 
 Polarean Imaging plc                               www.polarean.com / www.polarean-ir.com 
 Richard Hullihen, Chief Executive Officer                                 Via Walbrook PR 
 Jonathan Allis, Chairman 
 
 SP Angel Corporate Finance LLP                                             Tel: +44 (0)20 
                                                                                 3470 0470 
 David Hignell / Soltan Tagiev (Corporate Finance) 
 Vadim Alexandre / Rob Rees (Corporate Broking) 
 
 Walbrook PR                           Tel: +44 (0)20 7933 8780 or polarean@walbrookpr.com 
 Paul McManus / Anna Dunphy                                 Mob: +44 (0)7980 541 893 / +44 
                                                                           (0)7879 741 001 
 
 

About Polarean ( www.polarean.com )

The Company and its wholly owned subsidiary, Polarean, Inc. (together the "Group") are revenue generating, medical drug-device combination companies operating in the high resolution functional magnetic resonance 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.

The Group operates in an area of significant unmet medical need and the Group's technology provides a novel diagnostic approach, offering a non-invasive and radiation-free functional imaging platform which is more accurate and less harmful to the patient than current methods. The annual burden of pulmonary disease in the US is estimated to be over US$150 billion.

The Group also develops and manufactures high performance MRI radiofrequency (RF) coils which are a required component for imaging (129) Xe in the MRI system. The development of these coils by the Group facilitates the adoption of the Xenon technology by providing application-specific RF coils which optimise the imaging of (129) Xe in MRI equipment for use as a medical diagnostic as well as a method of monitoring the efficacy of therapeutic intervention.

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(END) Dow Jones Newswires

October 30, 2020 03:00 ET (07:00 GMT)

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