Brief: Isofol To Call EGM To Decide On Liquidation

Isofol Medical AB (publ)

19/01/2023 14:02

Jan 19 (Reuters) - Isofol Medical AB (publ)  ISOFOL.ST :
    * DECIDED TODAY TO CALL AN EXTRAORDINARY GENERAL MEETING TO
TAKE A
DECISION ON A CASH DIVIDEND OF MAXIMUM AMOUNT OF CAPITAL
AVAILABLE AND TO DECIDE THAT COMPANY IS TO BE LIQUIDATED
    * ASSESSMENT IS BASED ON A THOROUGH ANALYSIS OF ISOFOL'S
FUTURE
OPPORTUNITIES AFTER NEGATIVE OUTCOME OF COMPANY'S PHASE III
STUDY (AGENT)ANDAIMS TO ENSURE THAT AS LARGE A PART OF COMPANY'S
REMAINING ASSETS AS POSSIBLE BENEFIT SHAREHOLDERS
    * ASSUMING THAT EXTRAORDINARY GENERAL MEETING DECIDES IN
ACCORDANCE WITH BOARD'S PROPOSAL, BOARD WILL APPLY FOR COMPANY'S
DELISTING FROM NASDAQ STOCKHOLM

Source text for Eikon:  ID:nWkr8Ns31y 
Further company coverage:  ISOFOL.ST 
 (Gdansk Newsroom)
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