8 Nov 2019 16:15
Xaar plc
Publication of Circular and Notice of General Meeting
Further to Xaar's (the "Company") announcement on 12 September 2019, the Company is pleased to announce that the circular (the "Circular") in relation to the proposed increase of investment by Stratasys in Xaar 3D with an option for Stratasys to acquire the whole of Xaar 3D within 3 years (the "Transaction") has been approved by the Financial Conduct Authority.
The Transaction is subject to the approval of the Company's shareholders. Accordingly, the Circular contains a notice convening a General Meeting which is to be held at Xaar plc, 316 Science Park, Milton Road, Cambridge, CB4 0XR, UK at 10 a.m. on Wednesday 27 November 2019 at which a resolution will be proposed for the Company's shareholders to approve the Transaction (the "Notice of General Meeting").
The Circular and Notice of General Meeting will be submitted to the Financial Conduct Authority's National Storage Mechanism and will be available for inspection on its website at http://www.morningstar.co.uk/uk/NSM.
A copy of the Circular and Notice of General Meeting will also be available for viewing on the Company's website at https://www.xaar.com/en/investor-centre/ and will be posted to the Company's shareholders.
Words and phrases used, but not defined in this announcement, shall have the same meaning as in the Circular.
Enquiries:
Xaar plc | +44 (0)1223 423 663 |
John Mills, Chief Executive Officer Shomit Kenkare, Chief Financial Officer | |
Jefferies International (Financial advisor and Sponsor) | +44 (0)20 7029 8000 |
Max Jones | |
Will Soutar | |
Tulchan Communications | +44 (0)20 7353 4200 |
James Macey White |
About XaarXaar is a world leader in the development of digital inkjet technology. Our technology drives the conversion of analogue printing and manufacturing methods to digital inkjet which is more efficient, more economical and more productive than the traditional methods which have been in use for years. We design and manufacture printheads as well as systems for product decoration and 3D Printing which use our inkjet technology.
About Stratasys
Stratasys is a global leader in additive technology solutions for industries including Aerospace, Automotive, Healthcare, Consumer Products and Education. For nearly 30 years, a deep and ongoing focus on customers' business requirements has fueled purposeful innovations - 1,200 granted and pending additive technology patents to date - that create new value across product lifecycle processes, from design prototypes to manufacturing tools and final production parts.
Xaar (XAR)