Board Change (1735077)
27 Setembro 2023 - 3:00AM
UK Regulatory
Arix Bioscience PLC (ARIX)
Board Change
27-Sep-2023 / 07:00 GMT/BST
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION WITHIN THE MEANING OF THE EU MARKET ABUSE REGULATION NO.596/2014
Arix Bioscience plc
Board Change
LONDON, 27 September 2023: Arix Bioscience plc ("Arix" or the "Company") (LSE: ARIX), a transatlantic venture capital
company focused on investing in breakthrough biotechnology companies, today announces that Robert Lyne, Chief Executive
Officer has decided to step down from his position to pursue a new opportunity and will leave the company by the end of
2023.
Peregrine Moncreiffe, Chairman of Arix, stated:
"Robert has been a pivotal part of Arix's journey and its founding purpose of bringing breakthrough advances in
biotechnology to patients who need them while delivering significant returns to shareholders. He navigated the company
following a period of corporate governance uncertainty, and through the Covid pandemic and subsequent market
volatility, deploying a dual approach of conserving cash while enhancing value in the portfolio by selecting highly
prospective new investments. This strategy has preserved shareholder value during a period of sustained market
uncertainty. We thank Robert for his significant contributions to Arix over the years and wish him well in the future.
"Going forward, the Board's primary focus will be to maximise shareholder returns and unlock the value in the Arix
portfolio. Consequently, the Board will determine appropriate Board and management arrangements following the outcome
of the strategic review and update shareholders accordingly. The Board will maintain its decision-making
responsibilities on all investment decisions."
[ENDS]
Enquiries
For more information on Arix, please contact:
Arix Bioscience plc
+44 (0)20 7290 1050
ir@arixbioscience.com
Powerscourt Group
Sarah MacLeod, Ibrahim Khalil, Nick Johnson
+44 (0)20 7250 1446
arix@powerscourt-group.com
About Arix Bioscience plc
Arix Bioscience plc is a transatlantic venture capital company focused on investing in breakthrough biotechnology
companies around cutting-edge advances in life sciences.
We collaborate with exceptional entrepreneurs and provide the capital, expertise, and global networks to help
accelerate their ideas into important new treatments for patients. As a listed company, we are able to bring this
exciting growth phase of our industry to a broader range of investors. www.arixbioscience.com
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: GB00BD045071
Category Code: BOA
TIDM: ARIX
LEI Code: 213800OVT3AHQCXNIX43
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 274074
EQS News ID: 1735077
End of Announcement EQS News Service
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(END) Dow Jones Newswires
September 27, 2023 02:00 ET (06:00 GMT)
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