01/02/2011
ReGen announces an amendment to the timetable included in the circular sent to shareholders on 12 January 2011 and repeated in the Result of General Meeting announcement issued on 28 January 2011.
The amendments are as follows:
- The original “Last day of dealings” line has been reworded to clarify that this date refers exclusively to the last day of dealings in ReGen Ordinary Shares on AIM to allow entry on the Shareholder register prior to the Record Time. This date has been amended from 10 February 2011 to 9 February 2011 to allow for a T+3 settlement period.
- An additional line has been included below to clarify that the last day of dealings in ReGen Ordinary Shares cum entitlement to participate in the Demerger is 17 February 2011; and
- A further additional line has been included below to clarify that 18 February 2011 will be the first day on which ReGen Ordinary Shares will begin trading ex entitlement to participate in the Demerger (under the new name of Alexander David Investments PLC).
The full revised timetable of future significant events relating to the Demerger is therefore as follows:
Last day of dealings (with a T+3 settlement) in ReGen Ordinary Shares on AIM to allow entry on the Shareholder register prior to the Record Time
9 February 2011
Record Time for the purposes of determining the Shareholders entitled to participate in the Demerger and the grant of New Warrants
6.00 p.m. on 14 February 2011
Bonus Issue
15 February 2011
Court Hearing to confirm Reduction of Capital
16 February 2011
Reduction of Capital becomes effective
17 February 2011
Last day of dealings in ReGen Ordinary Shares on AIM cum entitlement to participate in Demerger
17 February 2011
Expected date of the Demerger
18 February 2011
Change of name of ReGen Therapeutics Plc to Alexander David Investments PLC
18 February 2011
ReGen Ordinary Shares begin trading under the new name of Alexander David Investments PLC (AIM: ADI) ex entitlement to participate in the Demerger
18 February 2011
CREST accounts credited with NewCo Shares
18 February 2011
Posting of share certificates for the NewCo Shares to certificated Shareholders
By 8 March 2011
Posting of warrant certificates for the New Warrants to Shareholders
By 8 March 2011
Definitions of all defined terms referred to above are available in the circular sent to shareholders on 12 January 2011, which is available at the Company’s website at www.regentherapeutics.com.
Enquiries:
ReGen Therapeutics Plc
Percy Lomax
+44 20 7153 4920
Cairn Financial Advisers LLP
Nominated Adviser
Liam Murray / Avi Robinson
+44 20 7148 7900
Alexander David Securities Limited
Broker
David Scott / Nick Bealer
+44 20 7448 9820