EGM Statement
20 Février 2006 - 11:54AM
UK Regulatory
RNS Number:6344Y
Provalis PLC
20 February 2006
Provalis plc
Results of Extraordinary General Meeting
At today's Extraordinary General Meeting of Provalis plc ("Provalis"), the
resolution to approve the disposal of certain assets of Provalis Healthcare
Limited was passed. It is expected that completion of the disposal will take
place later today.
Following completion of the disposal, Provalis will have cash balances of
approximately #3.8 million. This cash will allow Provalis to continue the
resolution of the technical issues associated with in2it whilst fully pursuing
all available options for the Medical Diagnostic division. As part of the
review the Group is in discussions with a number of parties, which may lead to
the sale of the business or the assets of the Medical Diagnostics division.
These discussions are at an early stage and the Board will update shareholders
in due course.
As previously announced, Mr Frank Harding has resigned as both Chairman and
director of Provalis with immediate effect. Dr Alan Aikman, a non-executive
director, assumes the role of Chairman of Provalis.
20 February 2006
Enquiries:
College Hill 020 7457 2020
Adrian Duffield / Corinna Dorward
NM Rothschild & Sons Limited 0113 200 1900
David Forbes
This information is provided by RNS
The company news service from the London Stock Exchange
END
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