Institutional Investment

Hemogenyx Pharmaceuticals plc (LSE: HEMO), the biopharmaceutical group focused on developing new therapies for blood diseases, is pleased to announce that it was approached by an institutional investor and that this investor has subscribed £600,000, for the issue of 60,000,000 new Ordinary Shares at 1p per share.

The net proceeds of this subscription will be dedicated to the imminent commencement of the Phase I clinical trials for the Company's Chimeric Antigen Receptor T-cell therapy ("HEMO-CAR-T" or "HG-CT-1"), aimed at treating acute myeloid leukemia ("AML").

The Company will keep the Market informed of future developments as trials commence and develop.

An application is being made to the Main Market of the London Stock Exchange Main Market, and admission of the Subscription Shares to trading is expected on or around 15 November 2024 ("Admission"). The Subscription Shares will rank pari passu with the Company's existing Ordinary Shares.

Dr Vladislav Sandler, CEO & Co-Founder of Hemogenyx Pharmaceuticals, commented: "We are greatly encouraged by the confidence shown by our new institutional investor and are grateful for their support in advancing our mission to bring innovative treatments to patients with acute myeloid leukemia. This investment enables us to take a significant step forward with our HEMO-CAR-T program, moving into clinical trials and bringing us closer to providing a new therapeutic option for patients facing this aggressive disease."

Total Voting Rights

For the purpose of the Disclosure Guidance and Transparency Rules, following Admission the enlarged issued share capital of the Company will comprise 1,401,815,988 ordinary shares. The Company does not hold any shares in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules.