Oscillate Plc Investment Disposal: Igraine Plc
19 Juillet 2023 - 4:06PM
UK Regulatory
TIDMMUSH
Oscillate Plc announces that, on 14 July 2023, the Company disposed of its
entire holding of 21,312,460 ordinary shares in Igraine Plc for gross cash
consideration of £66,068.
This disposal is in line with the strategic options for the Company as explained
in the announcement of 22 May 2023.
Oscillate will shortly post a circular to shareholders ("Circular") convening
the Company's Annual General Meeting ("AGM"). Inter-alia, the Circular will
contain a resolution to be proposed at the AGM to place the Company into Members
Voluntary Liquidation (`MVL'). ). The MVL is being proposed with a view to
distributing the entirety of the cash and assets of the Company to shareholders
in the most efficient manner. If that resolution approving the MVL is not passed
at the AGM, the Directors will assume that shareholders wish the Company to
continue to seek a reverse takeover transaction.
The Directors of the Company accept responsibility for the contents of this
announcement.
-ENDS-
Enquiries
Oscillate plc:
John Treacy
ir@oscillateplc.com
https://oscillateplc.com
Corporate Adviser:
Peterhouse Capital Limited
Guy Miller & Heena Karani
Telephone: +44 (0) 20 7220 9796
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as
defined in the European Union (Withdrawal) Act 2018).
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/oscillate-plc/r/investment-disposal--igraine-plc,c3807352
END
(END) Dow Jones Newswires
July 19, 2023 10:06 ET (14:06 GMT)
Oscillate (AQSE:MUSH)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Oscillate (AQSE:MUSH)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024