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Stock impact report

Tiziana Life Sciences Plc ("Tiziana" or the "Company") - Demerger of StemPrintER and Distribution in Specie

Tiziana Life Sciences Ltd - Common Shares (TLSA) 
Company Research Source: GlobeNewswire
LONDON, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Tiziana Life Sciences Plc (LSE: TILS, NASDAQ: TLSA) a biotechnology company focussed on innovative therapeutics for oncology, inflammation and infectious diseases, today announces that, following a strategic review of its clinical trial programs and core focus, it intends to demerge its StemPrintER and SPARE genomics-based personalised medicine business into a separate and independent listed company, Accustem Sciences Limited. The proposed demerger, which requires a court-approved reduction of capital to be completed, will allow Accustem to continue the commercialisation efforts of the StemPrintER platform technology as a separate listed company with cash reserves of approximately £1.0 million. The proposed timetable for the demerger is as follows: 11:00 a.m. on 2 October 2020General Meeting to approve the demerger14 October 2020First Court Hearing in respect of capital reduction27 October 2020Second Court Hearing to approve capital reduc Show less Read more
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