Apollon Formularies Plc - Intention to Withdraw from AQUIS

Apollon Formularies Plc
("Apollon" or the "Company")

Intention to Withdraw from AQUIS

London, England - Apollon Formularies PLC (AQSE: APOL), an innovator in medical cancer research, announces that it intends to withdraw its ordinary shares from trading on the Aquis Growth Market, with the last day of trading expected to be 3 June 2024, subject to shareholder approval.

The Company continues to progress the divestment of its intellectual property, proprietary formulations and other assets associated with its cancer research business to a Canadian company in the same field, as announced on 21 November 2023. Further information will be available in the Company general meeting circular, referred to below. However, Apollon can no longer support the high cost of being a quoted company while this process is concluding.

The Company is preparing and will shortly post a general meeting circular to shareholders who will in due course be asked to vote on a withdrawal resolution from the Aquis Growth Market.

There will be no alternative exchange or platform to trade the Company's ordinary shares once withdrawal has taken place, however, the Company will explore potential mechanisms for the ongoing sale and purchase of its ordinary shares using platforms tailored to unlisted companies. It has not yet identified such a platform.