Business
Update re Acquisition and General Meeting
Update re Acquisition and General Meeting.
About this update from Rua Life Sciences Plc
[{"type":"text","content":"\n \n \n RNS Number : 4584H\n AorTech International PLC\n 25 March 2020\n \n \n \n 25 March 2020\n AorTech International plc\n (\"AorTech\" or the \"Company\")\n Re Proposed Acquisition of RUA Medical Devices Limited (\"RUA\")\n and\n General Meeting to be held on 31 March 2020\n \n The Circular issued to the shareholders of the Company on 11 March 2020 (the \"Circular\") contained a Notice convening a General Meeting to be held at 10.00 a.m. on 31 March 2020 at 163 Bath Street, Glasgow G2 4SQ (the \"General Meeting\").\n Since the issue of the Circular, the effects of the COVID-19 virus (Coronavirus) have increased greatly, to the extent that normal business life is now interrupted to a material extent.\n Based on current conditions, and especially following the announcements by the UK and Scottish Governments on 23 March 2020, it is envisaged that it will not be possible to convene the General Meeting at its intended location.\n The Independent Directors remain of the belief (as stated in the Circular) that the acquisition of RUA is in the best interests of the Company and its shareholders as a whole. Accordingly, the Independent Directors intend, in so far as they are able, to proceed with the General Meeting and thereafter complete the acquisition of RUA in accordance with the timetable set out in the Circular.\n In light of current Government guidance and advice, the Directors are advising shareholders not to travel to attend the General Meeting. Currently it is not possible to gain access, for the purposes of holding a meeting, to the building in which the General Meeting is to be held; and it is currently envisaged that this will remain the position on 31 March 2020.\n If it is not possible to convene the General Meeting at 163 Bath Street, Glasgow G2 4SQ at 10.00 a.m. on 31 March 2020, the Directors intend to adjourn the meeting to a time later that day and at a location where it is known that a quorum will be present without the requirement of additional shareholders attending. This will allow the General Meeting to be held in accordance with the timetable set out in the Circular.\n The voting on each of the resolutions contained in the Notice of the General Meeting will be carried out by way of a poll, which will be conducted at the meeting itself. The Independent Directors therefore encourage sharehol...