Business
Posting of Circular & Notice of General Meeting
Posting of Circular & Notice of General Meeting.
About this update from Valirx Plc
[{"type":"text","content":"\n \n \n RNS Number : 1881G\n ValiRx PLC\n 16 March 2020\n \n \n \n \n VALIRX PLC\n \n \n (\"ValiRx\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Posting of Circular, Notice of General Meeting\n \n \n and Update re Working Capital\n \n \n \n \n \n \n London, UK\n \n ., 16 March 2020: ValiRx Plc (AIM: VAL), the clinical stage biotechnology company announced on 2 March 2020 that it had received a valid request under section 303 of the Companies Act 2006 to convene a general meeting to consider resolutions to remove George Morris and Satu Vainikka as directors of the Company.\n \n \n \n \n \n In accordance with the statutory timetable, the Company posted a circular to shareholders on 13 March 2020 (the \"Circular\"). The Circular includes a notice of the requisitioned general meeting, which has been convened for 11.00 a.m. on 14 April 2020, to be held at the offices of DAC Beachcroft LLP, 25 Walbrook, London EC4N 8AF.\n \n \n \n \n \n General Meeting 25 March 2020 and working capital\n \n \n On 10 March 2020 the Company announced that it had posted a circular to shareholders convening a general meeting on 25 March 2020 detailing a proposed capital reorganisation and seeking authority to allot ordinary shares generally and for cash on a non-pre-emptive basis (\"Proposals\"). In the event that the Proposals are not passed by shareholders at the general meeting on 25 March 2020 it is unlikely that the Company would be able to continue trading beyond that point.\n \n \n \n \n \n \n \n \n A copy of the Circular will be available to download from the Company's website at \n \n www.valirx.com\n \n and the full text of the Letter from the Independent Directors is set out below. Capitalised terms in this announcement carry the same meaning as defined in the Circular.\n \n \n \n \n \n \n \n \n \"LETTER FROM THE INDEPENDENT DIRECTORS\n \n \n \n \n \n \n \n \n \n Registered Office \n \n \n Stonebridge House\n \n \n Chelmsford Road\n \n \n Hatfield Heath\n \n \n CM22 7BD\n \n \n \n \n ValiRx plc\n \n \n Incorporated and registered in England and Wales\n \n \n with registered number (03916791)\n \n \n \n \n \n \n \n \n \n \n \n \n 13 March 2020\n \n \n \n \n \n To all Shareholders\n \n \n \n \n \n Requisition and Notice of General Meeting by c...