Offer Update (4371Y)
01 Marzo 2012 - 8:00AM
UK Regulatory
TIDMAGI
RNS Number : 4371Y
AGI Therapeutics plc
01 March 2012
AGI Therapeutics plc
("AGI" or the "Company")
Offer Update
01 March 2012
Aravis Therapeutics Limited ("Aravis") announced on 03 February
2012 that it had declared its Offer unconditional in all respects
and it intended to exercise its rights under the provisions of
Section 204 of the Irish Companies Act 1963 to acquire compulsorily
all outstanding AGI Shares not acquired or agreed to be acquired
pursuant to the Offer on the same terms as the Offer.
On 28 February 2012 Aravis issued statutory notices pursuant to
section 204(1) of the Companies Act 1963 to those AGI Shareholders
who had not yet validly accepted the Offer.
In accordance with section 204(1) of the Companies Act 1963,
unless upon an application made to the Court by any AGI
Shareholders who have not yet validly accepted the Offer, on or
before 28 March 2012, the Court thinks fit to order otherwise,
Aravis will be entitled and bound to compulsorily acquire the AGI
Shares held by those Shareholders.
As notified pursuant to section 67 of the Companies Act 1990, as
at 16 February 2012, Aravis holds 60,784,191 shares representing
approximately 90.17 per cent of the issued share capital of the
Company.
As announced on 03 February 2012, the last day of trading of AGI
Shares on ESM and AIM will be close of business today and
cancellation of admission to trading on ESM and AIM will take
effect from 7.00 a.m. tomorrow, Friday 02 March 2012.
Capitalised terms used in this announcement shall bear the same
meaning as in the Offer Document, unless the context requires
otherwise.
Enquiries:
AGI Therapeutics plc Tel: +353 1 449 3254
David Kelly, CFO
Tel: +353 1 679 6363
Davy Corporate Finance
Financial adviser to AGI
John Frain
David Nangle
Goodbody Corporate Finance Tel: +353 1 667 0420
Financial adviser to the Aravis
Group
Simon Howley
Stephen Kane
This information is provided by RNS
The company news service from the London Stock Exchange
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