Asterand PLC Completion of Disposal (9877I)
August 01 2012 - 2:01AM
UK Regulatory
TIDMATD
RNS Number : 9877I
Asterand PLC
01 August 2012
1 August 2012
Asterand Plc
("Asterand" or the "Company")
Disposal of the Human Tissue Business
Further to the announcement on 13 July 2012 and the subsequent
approval by Shareholders of the Resolutions at the General Meeting
of the Company held on 30 July 2012, the Board is pleased to
announce that the Disposal of the Human Tissue Business completed
on 31 July 2012.
Following completion of the Disposal, the Company has settled in
full the Secured Debt (being the SVB Debt and the BioSeek Loan
Notes).
Except as otherwise defined herein, capitalised terms have the
same meanings as set out in the Circular dated 13 July 2012.
For further information, please contact:
Asterand Plc
Jack Davis, Chairman and Interim Tel: + 44 (0) 1763 211 600
Chief Executive Officer / + 1 (313) 263-0960
Alan Fishman, Interim Chief As above
Financial Officer
Daniel Stewart & Company Plc
Antony Legge Tel: +44 (0) 20 7776 6550
Matt Wilson
Beaumont Cornish Limited -
Sponsor
Roland Cornish Tel: +44 (0) 20 7628 3396
Emily Staples
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.
Daniel Stewart & Company Plc, which is authorised and
regulated in the United Kingdom by the FSA, is acting exclusively
for the Company and no-one else in connection with the Disposal and
will not be responsible to anyone other than the Company for
providing the protections afforded to clients of Daniel Stewart
& Company Plc nor for giving advice in relation to the Disposal
or any other matters referred to in this announcement.
Beaumont Cornish Limited, which is authorised and regulated in
the United Kingdom by the Financial Services Authority, is acting
exclusively for the Company as sponsor under the requirements of
the Listing Rules, in relation to the Disposal and is neither
taking responsibility for the commercial assessment of the
Disposal, which remains the sole responsibility of the Board, nor
for any matters outside the duties of a sponsor, as prescribed by
the Listing Rules, nor is it advising any other person and
accordingly will not be responsible to any person other than the
Company for providing the protections afforded to the clients of
Beaumont Cornish Limited or for providing advice in relation to the
Disposal or any other matters referred to in this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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