Motif Bio : Delay in publication of Final Results

Motif Bio plc (AIM: MTFB), which has been reclassified as an AIM Rule 15 cash shell, announces that though the audit process for 2019 has commenced, there will be a delay in the publication of the Company's audited financial results for the year ended 31 December 2019 (the 'Final Results') as a result of the Covid-19 pandemic (the 'Pandemic'). As such, Motif has requested and received an extension to its filing deadline for the Company's Final Results from 30 June 2020 to 30 September 2020.

Motif has appointed Crowe U.K. LLP ('Crowe') to replace Pricewaterhouse Coopers LLP as their auditor. The Pandemic has led to delays in the process of Crowe's appointment and the timing for the completion of the audit.

Following its reclassification as an AIM Rule 15 cash shell in January 2020, the Company is required to make an acquisition which constitutes a reverse takeover under the AIM Rules by 28 July 2020, failing which the Company's ordinary shares would be suspended from trading on AIM pursuant to AIM Rule 40. The Company's admission to trading on AIM would then be cancelled six months from the date of suspension, should the reason for the suspension not have been rectified.

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

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Forward-Looking Statements
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