RE: Confidence16 May 2023 12:35
FINISH
Proposal to Appoint Liquidators to nanosynth group plc
Further to its announcement on 6 April 2023, regarding the Company's financial position, the board of nanosynth ("Board") has pursued the potential funding options available to it and determined that these are unlikely to come to fruition within the required timeframe. Accordingly, after taking independent advice, the directors of the Company have concluded that the only available course of action in order to protect creditors is to commence the insolvent liquidation of the Company via an insolvency process called a Creditors' Voluntary Liquidation. Accordingly, ReSolve Advisory Limited has been engaged to undertake the necessary support in this process.
The Board has resolved that a general meeting of the Members of the Company be convened ("General Meeting"), to be held on a hybrid basis via an online platform and in person at FinnCap, 1 Bartholomew Cl, London EC1A 7BL on a date and time to be advised in line with the Company's articles of association. The purpose of the General Meeting is to consider, and if thought fit, pass the following resolutions, number 1 as a Special resolution and number 2, as an Ordinary resolution: