Client NewsTiziana Life Sciences plc: Scheme of arrangement
A Scheme Document setting out full details of the Scheme (the “Scheme Document”) was posted to the shareholders of Old Tiziana on 3 September 2021.
Capitalised terms defined in the Scheme Document shall, unless the context provides otherwise, have the same meanings in this announcement.
Old Tiziana announces that the order of the Court sanctioning the Scheme and confirming the Old Tiziana Reduction of Capital have been delivered to the Registrar of Companies today.
The Scheme and the Old Tiziana Reduction of Capital are therefore effective today. The Scheme Record Time is 6:00 p.m. (London time) today. The last day of dealings in Old Tiziana Shares is today and the Old Tiziana Shares will be delisted tomorrow from the Main Market. It is expected that, following the implementation of the Share Capital Consolidation (at a ratio of two-for-one) , the New Tiziana Shares will commence trading on NASDAQ on 21 October 2021.
For the purposes of UK MAR, the person responsible for arranging for the release of this announcement on behalf of Old Tiziana is Dr Kunwar Shailubhai, Chief Executive Officer.
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