Business
Investment Disposal: Igraine Plc
Investment Disposal: Igraine Plc.
About this update from Serval Resources Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\nOscillate 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. \n\n\nThis disposal is in line with the strategic options for the Company as explained in the announcement of 22 May 2023. \nOscillate 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.\nThe Directors of the Company accept responsibility for the contents of this announcement.\n-ENDS-\n\nEnquiries\nOscillate plc:\nJohn Treacy\[email protected]\nhttps://oscillateplc.com\nCorporate Adviser:\nPeterhouse Capital Limited\nGuy Miller & Heena Karani\nTelephone: +44 (0) 20 7220 9796\n\n\nMarket Abuse Regulation (MAR) Disclosure\nThis 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).\n\n\n\n\n\n\n\n\n \n\n","length":3411,"tagName":"div"}]