Business
Announcement in respect of market speculation
Announcement in respect of market speculation.
About this update from Provexis Plc
[{"type":"text","content":"\n \nRNS Number : 0263I Provexis PLC 27 June 2013 \n \n\n \n27 June 2013\nProvexis plc\n(\"Provexis\" or \"The Company\")\n \n \nAnnouncement in respect of market speculation\n \nThe board of Provexis today announces that further to speculation it is in the advanced stages of negotiating and preparing documentation for the demerger of its Science in Sport division (\"SiS\").\n\nAs part of the demerger, SiS will be seeking its own listing on the AIM market and will also be raising new money principally from institutions. Post demerger, Provexis will remain listed on AIM and solely focus on the commercialisation of its Fruitflow IP. Shareholders in Provexis are expected to receive one ordinary share in SiS for every ordinary share held in Provexis. The Company will be seeking shareholder approval for the demerger.\n\nA further announcement on the above will be made by the Company at the appropriate time.\n\n-ends-\n \n \nFor further information please contact:\n \nStephen Moon, Chief Executive\nProvexis plc Tel: 01753 861777\n \nMax Hartley / Bobbie Hilliam\nCenkos Securities plc Tel: 020 7397 8900\n \nPeter Rigby\nHaggie Partners Tel: 0207 562 4444\n  ...