We would love to hear your thoughts about our site and services, please take our survey here.
Name change to Cizzle Biotechnology Holdings.......is this RTO actually happening?? GLA !
There's been no mention of an RTO to vote for.....there were 3 questions.
Blah,blah,blah.......late April or early May..
Motif Bio plc
("Motif" or the "Company")
Update re proposed Reverse Takeover
Motif Bio plc (AIM: MTFB), which has been reclassified as an AIM Rule 15 cash shell, provides a further update regarding the proposed reverse takeover pursuant to AIM Rule 14 ("Reverse Takeover") that was outlined in the Company's announcement of 5 January 2021.
Motif announces that it continues to progress a Reverse Takeover under a Heads of Terms Agreement ("HOT") with a UK based candidate in the healthcare sector (the "Target"), as a result of which, subject to, among other matters, the execution of a Sale and Purchase Agreement (the "SPA"), Motif would acquire the entire issued share capital of the Target (the "Proposed Transaction"). Motif will remain suspended from trading while the Proposed Transaction is negotiated and advanced, and the Company will provide shareholders with further updates as appropriate.
The Target
The Target is a UK-based ADC (Antibody-Drug Conjugate) discovery and development company, which uses front-line clinical experience to develop next generation therapeutics for the treatment of various cancers.
The Proposed Transaction
The Proposed Transaction will be classified as a Reverse Takeover. Completion of the Proposed Transaction is therefore subject to certain matters including the completion of an appropriate SPA, approval by Motif's shareholders at a general meeting to be convened in due course ("General Meeting"), the raising of an appropriate level of equity (the "Fundraising") to accelerate the Target's development programmes, the grant of a Rule 9 waiver by the UK Takeover Panel ("Rule 9 Waiver") in respect of the proposed issue of new shares to the Target and the admission of the enlarged group to trading on AIM.
In order to convene the General Meeting, the Company is required to publish an AIM Admission Document which details, inter alia, the terms of the Proposed Transaction. As per the HOT, consideration for the Proposed Transaction will be paid in ordinary shares of Motif. In addition to the Fundraising, it is intended that the Company will carry out an appropriate share consolidation and that Motif will change its name.
Should the Proposed Transaction proceed, it is currently expected that the AIM Admission Document will be published before the end of March 2021. At present there can be no assurances that Motif will be able to complete the Proposed Transaction and as a consequence the Company's admission to trading on AIM may be cancelled.
The AIM Admission Document will include a Technical Expert's report which is being prepared in respect of the Target's technology and assets.
Jonathan Gold, Motif's President and Chief Business Officer, commented: "The Motif Directors are encouraged by the way the Proposed Transaction is progressing and I look forward to providing our shareholders with further updates and additional information regarding the Tar
Notice of EGM for migration .......EQTEC plc
("EQTEC", the "Company" or the "Group")
Notice of Extraordinary General Meeting
EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for sustainable energy-from-waste projects, announces that an Extraordinary General Meeting of the Company will be held at the registered office of the Company at Building 1000, Citygate, Mahon, Cork, Ireland on Wednesday, 17 February 2021 at 10.00 a.m. (the "EGM").
The business of the EGM will be to consider and, if thought fit, approve certain resolutions (the "Resolutions") which are necessary to effect a technical change as to how, and where, the electronic settlement of trades in EQTEC's shares occurs. The need for this technical change arises as a consequence of the United Kingdom's departure from the European Union ("Brexit") and it will not alter where EQTEC shares are quoted or traded. The change affects all Irish companies whose securities are listed or quoted and traded on the London Stock Exchange and/or Euronext Dublin.
Background to the EGM
Trades in EQTEC's shares on AIM are currently settled via the CREST System, which is based in the UK. As a consequence of Brexit, the settlement system for trading in the Company's shares needs to move from CREST to Euroclear Bank in Belgium ("Migration"). Migration is expected to occur on 15 March 2021 as part of a market-wide migration of all Irish securities.
Approval of the Resolutions is necessary to enable the Migration of the Company's shares. There is no meaningful alternative to Migration and failure to migrate would remove the Company's access to electronic trade settlement. This would place the Company's ability to retain admission of its shares to trading on AIM and, importantly, a market for its ordinary shares, at material risk. Therefore, the Board is recommending that all shareholders support the Resolutions proposed at the EGM by voting in favour of them or appointing a proxy to do so on their behalf. Details for how to vote are set out below.
A circular which includes the Notice of the EGM (the "Circular") and a Form of Proxy have been posted to shareholders today. The Board strongly urges shareholders to review the contents of the Circular in their entirety, including the documents referred to therein, and consider the Board's recommendation to vote in favour of the Resolutions.
The Circular, the Form of Proxy and copies of the documents referred to in the Circular are available to view on the Company's website at www.eqtec.com and will be available for inspection during normal business hours on any business day from the date of this announcement, until the EGM, at the registered office of the Company. However, due to COVID-19 public health guidelines, shareholders are strongly recommended to view the documents on the Company's website.
Exactly.....there are very few ppl on the BBs who actually "know" what they're chatting about and the rest are just assumptions,joining hypothetical,imaginary dots and arguments with clowns ...... basically the BS that goes down on these boards has zero effect on what the company does and zero effect on the SP ,so DYOR,sit tight and have a plan for if and when your research comes to fruition.....GLA
This has been a long time coming....... fingers crossed something goes through! I nearly choked when I saw the red dot! Better fish this share out the bottom drawer....
Bould Opportunities PLC...........first one if you use Google....
No one mentioned an RTO prick!
All this cos Lumsdens away from the helm...... ??
Still got a bit to go for me to break even,but happy to see a bit of life still in this! I remember the great Valentines day Iclaprim massacre..........