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Provexis PLC Announces Proposed Demerger

Friday, 28 Jun 2013 06:00am EDT 

Provexis plc announced that its intention to split the Provexis Group into two separate AIM quoted businesses. In order to achieve this, the Board is seeking Shareholder approval to demerge S i S (Science in Sport) Limited (SiS) from the Provexis Group. It is proposed that this separation will be effected by way of a demerger of SiS to a new company called Science in Sport plc (Science in Sport). Science in Sport will seek admission of its entire issued and to be issued ordinary share capital to trading on AIM on or around August 9, 2013. The Demerger is conditional, inter alia, upon the approval of Provexis Shareholders at a General Meeting of Provexis to be held on July 15, 2013 and the confirmation of the Provexis Reduction of Capital by the Court. 

Company Quote

0.035 +4.89%
16 Oct 2014