RE: Hargreaves Lansdown - Demerger notification?9 Oct 2020 20:48
halifax info
1 New Accustem Sciences (Accustem) share for each Existing Tiziana Life Sciences (Tiziana) share held on the Ex-entitlement Date, 30th October 2020.
On 16th September 2020, Tiziana announced that following a strategic review of its clinical trial programs and core focus, the Company intends to demerge its StemPrintER and SPARE genomics-based personalised medicine business, Accustem, into a separate and independent listed Company.
The Demerger is subject to shareholder approval at the General Meeting to be held on 2nd October 2020.
Subsequently, the Demerger is expected to become effective on 30th October 2020. However, it is not yet known when the New Accustem shares will be received.
Following completion of the Demerger, it is not yet known when the New Accustem will be admitted to trading on the Official List of the London Stock Exchange (LSE). Please note that whilst the New Accustem shares will be reflected on your account, the shares will not listed on a recognised stock exchange and therefore you are not able to sell or otherwise trade the Accustem shares through our nominee service.
Unless you hold your shares in a ShareBuilder account, no fractions of shares will be issued. Any resulting cash entitlements will be dealt with in accordance with our Terms & Conditions.
Should you retain your holding in Tiziana we will notify you when the New Accustem shares have been credited to your account.
If you wish to find more information about the Demerger, please visit the Tiziana website, www.tizianalifesciences.com/