Acquisition update

Novacyt S.A.
17 August 2023
 

 

Novacyt S.A.

("Novacyt", the "Company" or the "Group")

 

Acquisition update

 

Paris, France and Eastleigh, UK - 17 August 2023 - Novacyt (EURONEXT GROWTH: ALNOV; AIM: NCYT), an international specialist in clinical diagnostics, notes today's announcement by Yourgene Health plc ("Yourgene"), in relation to the recommended cash offer made by Novacyt UK Holdings Limited ("Novacyt UK"), a wholly-owned subsidiary of Novacyt, for the entire issued and to be issued share capital of Yourgene announced on 3 July 2023 (the "Acquisition"), which is to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). A circular in relation to the Scheme was published by Yourgene on 27 July 2023 (the "Scheme Document").

 

Capitalised terms used in this announcement shall, unless otherwise defined, have the same meaning as set out in the Scheme Document.

 

At the Court Meeting and the General Meeting held earlier today, convened in accordance with an order of the Court dated 26 July 2023, all resolutions to approve and implement the Scheme were passed by the requisite majorities of Yourgene's shareholders.

 

Yourgene's full announcement can be found here: polaris.brighterir.com/public/yourgenehealth/news/rns/story/
xp39emw
 

 

The Acquisition remains subject to the satisfaction or (where applicable) waiver of the remaining Conditions and to the further terms set out in Part III of the Scheme Document, including the Court sanctioning the Scheme at the Court Sanction Hearing and the delivery of a copy of the Court Order to the Registrar of Companies. The expected timetable of principal events for the implementation of the Scheme remains as set out in the Scheme Document. The dates are indicative only and are subject to change. The dates will depend, among other things, on the date upon which: (i) the Conditions are satisfied or (if capable of waiver) waived; (ii) the Court sanctions the Scheme; and (iii) a copy of the Court Order is delivered to the Registrar of Companies.

Novacyt SA

+44 (0)23 8074 8830

James Wakefield, Non-Executive Chairman

James McCarthy, Acting Chief Executive Officer

Numis (Financial Adviser and Joint Broker to Novacyt and Financial Adviser to Novacyt UK)

+44 (0)20 7260 1000

Freddie Barnfield / Stuart Ord / Duncan Monteith / Jack McLaren




SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker to Novacyt)

+44 (0)20 3470 0470

Matthew Johnson / Charlie Bouverat (Corporate Finance)

Vadim Alexandre / Rob Rees (Corporate Broking)

Allegra Finance (French Listing Sponsor)


Walbrook PR (Financial PR & IR)

www.novacyt.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings