Exercise of Warrants

Polarean Imaging plc (AIM: POLX), the medical-imaging technology company, with a proprietary drug­device combination product for the magnetic resonance imaging (MRI) market, announces that it has issued 705,040 new ordinary shares of £0.00037 each in the capital of the Company ("Ordinary Shares") at exercise price of 15 pence per share (the "New Shares"), following the exercise of warrants from certain investors that subscribed for Convertible Loan Notes the Group undertook a pre­Admission fundraise in December 2017.

The total consideration received by the Company pursuant to the warrant exercise will be £105,756.

Application will be made for the New Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings will commence at 8:00 a.m. on or around 5 April 2019.

Total Voting Rights

Following Admission, the total issued share capital of the Company will consist of 101,435,933 Ordinary Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

Enquiries:

About Polarean (https://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 (¹²⁹Xe) 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 than current methods. The annual burden of pulmonary disease in the US is estimated to be over US $150 billion.

Latest News

• Holding(s) in Company
  11 September 2025
• Submission of new Phase III study protocol to FDA for expanded indication of XENOVIEW
  12 August 2025
• Block Listing Six Monthly Return
  24 July 2025

About Us

Share Price

Latest Annual Report

Important dates