THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

MARKET SOUNDINGS WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION. 

4 April 2024

Genflow Biosciences Plc 

Successful Placing and Subscription To Raise £715,000, Grant of Warrants and PDMR Notifications

Genflow Biosciences Plc (LSE:GENF) (OTCQB:GENFF) ("Genflow" or "the Company") which is rapidly becoming the major European exponent in the successful development of therapeutic longevity solutions for  the prevention of age-related diseases, is pleased to announce it has raised,  through its broker Capital Plus Partners, £715,000 (before expenses) by way of a placing and subscription of 57,200,000 new Ordinary Shares of 1.25 pence each (the "Placing") (the "Placing Shares").

Further, each two Placing Shares will have one warrant attached,  exercisable at 2 pence per share for three years from the date of issue. Holders of these warrants will not, however, be able to exercise the same for a period of one year from the date of grant.

Director Participation

All Directors participated in the Placing with the CEO Dr Eric Leire investing £50,000 personally, the details of such participation are set out below.  No Warrants are being issued to Directors.

Use of Proceeds

The net proceeds from the Placing will be used to continue development and associated clinical trials. The near-term clinical trials are aimed at a potential cure of the liver disease NASH which currently effects over 40 million people worldwide: in addition to conference participation and an enhanced investor relations program.

Dr. Eric Leire, CEO of Genflow, commented: "We are delighted to have raised this additional funding, noting the participation of Premier Miton, a well-known UK institution. The success of this capital raise clearly reflects the growing interest among UK institutional investors in the field of longevity research. Interest amongst US institutional investors in the Longevity sector is already well ahead of Europe, but we believe we have a unique approach to address the growing issues of age-related diseases.

Broker Warrants

2,860,000 warrants were issued to Capital Plus Partners Ltd as part of its broker fee, on the same terms set out above.

Application for Admission

The new ordinary shares to be issued pursuant to the Placing will represent 19.56 per cent of the issued ordinary share capital of the Company prior to the Placing. The Company will apply for admission of the Placing Shares to listing on the standard listing segment of the Official List of the FCA and to trading on the main market for listed securities of the London Stock Exchange .The Placing Shares will rank pari passu in all respects with the existing ordinary shares of £0.0003 in the capital of the Company.  The Placing Shares are expected to be admitted for trading on or around 9 April 2024.

Total Voting Rights

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the FCA ("DTRs"), the Company confirms that, following admission, its issued share capital will comprise 349,706,618 Ordinary Shares, each of which carries the right to vote, with no Ordinary Shares held in treasury. This 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 DTRs

The Directors of the Company accept responsibility for the contents of this announcement.

Contacts

About Genflow Biosciences

Founded in 2020, Genflow Biosciences Plc. (LSE:GENF) (OTCQB:GENFF), a biotechnology company headquartered in the UK with R&D facilities in Belgium, is pioneering gene therapies to decelerate the aging process, with the goal of promoting longer and healthier lives while mitigating the financial, emotional, and social impacts of a fast-growing aging global population. Genflow's lead compound, GF-1002, works through the delivery of a centenarian variant of the SIRT6 gene which has yielded promising preclinical results. Scheduled to begin in 2025, Genflow's clinical trial aims to explore the potential benefits of GF-1002 in treating non-alcoholic steatohepatitis (NASH), the most prevalent chronic liver disease for which there are no effective treatments. Please visit www.genflowbio.com  and follow the Company on LinkedIn and Twitter/X.

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