Letter Sent to Companies House7 Dec 2025 16:47
For what it's worth, her is a copy of a letter I have emailed to companies house. Although I have little confidence in any positive outcome at least I have tried.
Dear Sir/Madam
Re. Tissue Regenix Group plc
I am a holder of ordinary shares in Regenix plc and hold a total of xx,xxx shares in a SIPP and stock and shares ISA and have been an investor in this company for a number of years.
I am extremely concerned over the way the finances were managed at this company. In summary over the years, profit, net assets, inventory and debt were misrepresented to the shareholders in the annual reports and at shareholder’s meetings. The company auditors gave a clean bill of health and the outlook for profitability was given as positive.
The shares in this company have been suspended from trading. In a recent RNS shareholders have been encouraged to vote for a secured convertible loan note to raise £17.5 million and for cancellation of admission of ordinary shares to trading on AIM. The company will then be re-registered as a private limited company. This is expected to take place on 7th January 2026.
This effectively leaves private shareholders such as myself, not only seriously out of pocket but in a position where trading the shares we own will be extremely difficult and presumably at a great loss due to the dilution that will occur if the secured convertible loan note is approved.
I am of the conviction that this is the result of incredible incompetence or, at a minimum, a breach of the board's fiduciary duty. And the role of the Auditing company who year after year did not pick up the inaccurate accounts and statements about the performance and financial health of the company, should be questioned.
I would respectfully request that companies house launch an urgent investigation into the conduct of the directors of this company and in the interim put a halt to application for a secured convertible loan note. It would also help the ordinary shareholders if the suspension in trading of shares is lifted in the interim.
Thank you for your kind attention.
Perhaps the more letters they receive the better?
LH&K Mafuta