RE: 80p and upwards11 Sep 2023 15:28
Wilson..knew I wasn't going mad.
"Therefore, following completion of the Acquisition, Novacyt intends to work with Yourgene's management to undertake a detailed evaluation of Yourgene (the "Review"). The Review will include:
· an assessment of the short- and long-term objectives, strategy, and potential of Yourgene's business;
· engaging with the key stakeholders of the Yourgene business;
· an analysis of Yourgene's key products and research and development initiatives;
· assessing and identifying the R&D priorities of the Enlarged Group;
· review of the opportunities and impact that the Acquisition will have on the operations of Novacyt;
· investigating the potential opportunities for Yourgene to benefit from the enhanced access to capital that the Acquisition will provide; and
· considering how best to position Yourgene's business to compete more strongly, which would include evaluating the best corporate organisational setup for the Enlarged Group going forward.
Novacyt expects that the Review will be completed within approximately six months from the Effective Date."