Result of AGM (2031G)
June 26 2012 - 12:11PM
UK Regulatory
TIDMATD
RNS Number : 2031G
Asterand PLC
26 June 2012
26 June 2012
Asterand plc
("Asterand" or the "Company")
Adjournment of Annual General Meeting
The Company announces that its annual general meeting, which was
convened for today, has been adjourned and will now take place
immediately prior to the general meeting which is to be convened to
discuss the proposed disposal of the Human Tissue Business, as
announced on 11 June 2012 (the "Disposal"). This adjournment was
referred to in the announcement of the Disposal on 11 June
2012.
Jack Davis, the Company's Chairman and Interim Chief Executive
Officer, said: "We recognise the importance of what is being
proposed and we believe that the posting of the circular to
shareholders, which is expected to occur in due course, and the
adjourning of the annual general meeting to the same day as the
general meeting, to be convened to discuss the Disposal, will
enable a full discussion to occur to the benefit of
shareholders."
Since the Interim Management Statement announced on 19 May 2012,
trading conditions have remained challenging and the ongoing
financial constraints have prevented the necessary investment in
future growth. As a result, the growth outlook for the Company is
diminished in the short term. The Board believes that the Disposal,
in assisting to alleviate the current financial constraints, will
leave the Company in a stronger financial position overall and
better placed for the future.
For further information, please contact:
Asterand plc
Jack Davis, Chairman Tel: + 44 (0) 1763
and Interim Chief Executive 211 600 / + 1 (313)
Officer 263-0960
Alan Fishman, Interim As above
Chief Financial Officer
Daniel Stewart & Company
Plc
Antony Legge Tel: +44 (0) 20 7776
Matt Wilson 6550
Beaumont Cornish Limited
- Sponsor
Roland Cornish Tel: +44 (0) 20 7628
Emily Staples 3396
Covington Associates
LLC
Steven Mermelstein Tel: +1 (914) 420-4510
David Wood
A copy of this announcement will be available at
www.asterand.co.uk. The content of the website referred to in this
announcement is not incorporated into and does not form part of
this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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