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Just received this from my stockbroker
The Board of Directors of Kistos PLC has announced it is pursuing a Scheme of Arrangement under Part 26 of the
Companies Act 2006, following which the Group will interpose and maintain a new non-operational entity, Kistos Holdings
PLC, which will become the holding company of, and the provider of working capital to, the Group.
The Board views the Scheme as the most effective and appropriate way to structure the Group and, ultimately, to restructure
the Group's debt facilities on a more efficient basis. The rights of Shareholders will remain unchanged following the Scheme
and Shareholders will be able to trade their holdings in Kistos Holdings PLC Ordinary Shares as they were able to do in
relation to Kistos PLC Ordinary Shares.
Expected timetable:
21 December 2022 – Record Date
21 December 2022 – Last day of dealings in existing Ordinary Shares
Please refer to the Company website if you require further information. If the Scheme of Arrangement becomes effective we
will advise you of any changes to your portfolio.
The New Shares will be posted to your account as soon as they have been received from the Company Registrar. There is
potential for a short delay while we await the New Shares from the Company Registrar.
KIST maybe !