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RNS Number : 6524G

RUA Life Sciences PLC

31 March 2022

31 March 2022

RUA Life Sciences Plc

("RUA Life Sciences", the "Company" or the "Group")

Directorate Changes

Further to its announcement of 16 December 2021, RUA Life Sciences, the holding company of a group of medical device businesses focused on the exploitation of the world's leading long-term implantable biostable polymer (Elast-Eon(TM) ), is pleased to announce the appointments, with immediate effect, to the Board of Lachlan Smith as Chief Financial Officer, and Dr Iain Anthony as Director of Clinical and Regulatory Affairs.

Iain joined the Company in November 2021 as Director of Clinical and Regulatory Affairs and brings a wealth of relevant cardiovascular medical device experience to the Company. He has over 15 years' experience in the medical device industry in both commercial and NHS settings. He was recruited from the Swiss based MedAlliance where he was Director of Pre-Clinical/Clinical Regulatory Affairs focusing on development and approval of drug coated coronary and peripheral angioplasty balloons. Prior to this, Iain was Head of Clinical Affairs at Terumo Aortic where he developed his knowledge and experience of the global vascular graft business.

Lachlan joined the Company in December 2021 as Chief Financial Officer and is a Fellow of the Association of Chartered Certified Accountants. With 20 years' experience in accounting and financial management and digital transformation, the last 14 years of which were spent in strategic leadership roles at high growth businesses. Prior to joining RUA Life Sciences, Lachlan served as Finance Director at technology companies Silver Cloud Smarter Technology and Equator.

Since their respective appointments, both Iain and Lachlan have been playing key roles in the business providing the expertise to lead the revised regulatory strategy and the detailed financial planning to maximise contribution from the vascular graft range by prioritising both manufacturing efforts and sales focus.

Further information in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies is set out at the end of this announcement.

Caroline Stretton, Group Managing Director of the Company, commented : "The Board appointments of Iain and Lachlan will ensure that we have the right management expertise to support the growth of the Group and enable the vascular graft business to accelerate its clinical study plans for earlier entry into global markets."

Bill Brown, Chairman of the Company, commented: "I am delighted to be welcoming two new members to our Board who bring with them a great deal of knowledge and expertise and look forward to working with them in the coming years."

For further information contact:

RUA Life Sciences

Bill Brown, Chairman Tel: +44 (0)1294 317073

   Caroline Stretton, Group Managing Director                       Tel: +44 (0)1294 317073 
   Shore Capital (Nominated Adviser and Joint Broker)     Tel: +44 (0)20 7408 4080 

Tom Griffiths/David Coaten

   Cenkos Securities plc (Joint Broker)                               Tel: +44 (0)20 7397 8900 

Max Gould (Corporate Finance)

Michael Johnson (Sales)

About RUA Life Sciences

The RUA Life Sciences group was created in April 2020 when RUA Life Sciences Plc (formerly known as AorTech International Plc) acquired RUA Medical Devices Limited to create a fully formed medical device business. RUA Life Sciences is the holding company of the Group's four trading businesses, each exploiting the Group's patented polymer technology.

Our vision is to improve the lives of millions of patients by enabling medical devices with Elast-Eon(TM) , the world's leading long-term implantable polyurethane. Whether it is licensing Elast-Eon(TM) , manufacturing a device or component, or developing next generation medical devices, a RUA Life Sciences business is pursuing our vision.

Elast-Eon(TM)'s biostability is comparable to silicone while exhibiting excellent mechanical, blood contacting and flex-fatigue properties. These polymers can be processed using conventional thermoplastic extrusion and moulding techniques. With over 8 million implants and 15 years of successful clinical use, RUA's polymers are proven in long-term life enabling applications.

The Group's four business units are:

 
 RUA Medical:            End-to-end contract developer and manufacturer 
                          of medical devices and implantable fabric specialist. 
 RUA Biomaterials:       Licensor of Elast-Eon(TM) polymers to the medical 
                          device industry. 
 RUA Vascular:           Development of polymer sealed grafts and soft 
                          tissue patches. 
 RUA Structural Heart:   Development of tri leaflet polymeric heart 
                          valves. 
 
 
 INFORMATION REQUIRED UNDER SCHEDULE TWO, PARAGRAPH (G) OF 
  THE AIM RULES FOR COMPANIES ("AIM RULES") 
 
 Full name:                               Lachlan Arthur Smith 
 Age                                      41 
 RUA Life Sciences plc ordinary 
  shares held:                            0 
 Current directorships:                   Ornum Technology Limited 
 Historic directorships (within 
  previous 5 years):                      Baron Knight Limited 
                                          Laird Logistics Limited 
                                          Scottish Target Shooting 
                                          Silver Cloud Smarter Technology 
                                           Limited 
 
 Full name:                               Iain Crawford Anthony 
 Age                                      46 
 RUA Life Sciences plc ordinary 
  shares held:                            0 
 Current directorships and/or historic 
  directorships (within previous 
  5 years):                               None 
 
 There is no further information to be disclosed in relation 
  to the appointments of either Lachlan Smith or Iain Anthony 
  pursuant to Schedule Two, paragraph (g) of the AIM Rules. 
 

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March 31, 2022 02:01 ET (06:01 GMT)

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