Annual General Meeting & Members Voluntary Liquidation

4 August 2023

Oscillate Plc

(“Oscillate” or the “Company”)

Annual General Meeting

 Members Voluntary Liquidation

Further to the announcement of 31 May and 19 July 2023, Oscillate Plc announces that, it has posted a notice of annual general meeting (“AGM”) and an accompanying circular (“Circular”) to seek approval for, amongst other things, the Members Voluntary Liquidation ('MVL') of the Company.   

Accordingly, the Directors have convened an AGM of the Company, which will be held at 9.00am on 29 August 2023, at the offices of Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch Street, London EC3V 0HR, at which a resolution to voluntarily wind up the Company will be proposed.

The MVL is being proposed with a view to distributing the entirety of the cash and assets of the Company to shareholders in the most efficient manner.

If that resolutions related to moving ahead with the MVL are not passed at the AGM, the Company will continue to operate with a view to identifying and completing a reverse takeover transaction.

An expected timetable in relation to the distribution to shareholders and the MVL is set out below.

A copy of the full Circular and AGM notice will shortly be available at the Company’s website: https://oscillateplc.com/

The Directors of the Company accept responsibility for the contents of this announcement.

--ENDS-

Enquiries

Oscillate plc:

John Treacy

[e-mail]

https://oscillateplc.com

Corporate Adviser:

Peterhouse Capital Limited

Guy Miller & Heena Karani

Telephone: [phone]

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Publication of this documents		4 August 2023
Latest time and date for receipt of Forms of Proxy and CREST Proxy Instructions for the Annual General Meeting		9.00 a.m. on 27 August 2023
Annual General Meeting		9.00 a.m. on 29 August 2023
If the MVL Resolution is passed the following steps will occur
Close of Register and record date for participation in the Members’ Voluntary Liquidation		6.00 p.m. on 29 August 2023
Appointment of Liquidators		29 August 2023
Distribution to Shareholders*		expected to be within twelve months from the date of the Annual General Meeting
Cancellation of the listing of the Ordinary Shares on the AQSE Growth Market		expected to be at 8.00 a.m. on 30 August 2023

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