Last checked at 27 Jun 2013 12:56
27 June 2013
Provexis plc
("Provexis" or "The Company")
Announcement in respect of market speculation
The board of Provexis today announces that further to speculation it is in the advanced stages of negotiating and preparing documentation for the demerger of its Science in Sport division ("SiS").As part of the demerger, SiS will be seeking its own listing on the AIM market and will also be raising new money principally from institutions. Post demerger, Provexis will remain listed on AIM and solely focus on the commercialisation of its Fruitflow IP. Shareholders in Provexis are expected to receive one ordinary share in SiS for every ordinary share held in Provexis. The Company will be seeking shareholder approval for the demerger.
A further announcement on the above will be made by the Company at the appropriate time.
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For further information please contact:
Stephen Moon, Chief Executive
Provexis plc Tel: 01753 861777
Max Hartley / Bobbie Hilliam
Cenkos Securities plc Tel: 020 7397 8900
Peter Rigby
Haggie Partners Tel: 0207 562 4444