In order to achieve this, the board is seeking shareholder approval to demerge SiS (Science in Sport) Limited from the Provexis Group. It is proposed that this separation will be effected by way of a demerger of SiS to a new company called Science in Sport plc.
Science in Sport will seek admission of its entire issued and to be issued ordinary share capital to trading on AIM on or around 9 August 2013.
The Demerger is conditional, inter alia, upon the approval of Provexis shareholders at a general meeting to be held on 15 July 2013, and the confirmation of the Provexis reduction of capital by the Court.
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