REG - Malin Corp PLC - Result of EGM

MalinAnnouncement

26/09/2024 15:45

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RNS Number : 8689F  Malin Corporation PLC  26 September 2024

Malin Corporation plc

 

Results of Extraordinary General Meeting

 

Dublin-Ireland, 26 September 2024: Malin Corporation plc (Euronext Growth
Dublin:MLC) ("Malin", the "Company"), a company investing in highly innovative
life sciences companies, today announces that the resolution proposed at its
Extraordinary General Meeting (the "Resolution") held today in Dublin was
passed.

 

The Resolution sought shareholder approval for the creation of additional
distributable reserves in the Company by reducing the Company's existing share
capital and to treat the reserves created at such reduction as distributable.
The full text of the Resolution was included in the Notice of Extraordinary
General Meeting of the Company circulated to shareholders on 27 August 2024
and made available on the Company's website.

 

A summary of the voting results is available on the Company's website
www.malinplc.com (http://www.malinplc.com) .

 

The Company intends to promptly apply to the Irish High Court for confirmation
of the Resolution, following which, if the High Court so approves, the share
capital reduction as approved by shareholders will become effective (the
"Share Capital Reduction"). The date of the hearing at which the High Court's
confirmation of the Share Capital Reduction will be sought will be published
on the Company's website, once it has been fixed by the High Court.

 

As previously announced, once the Share Capital Reduction is effective, the
Company intends to proceed with a tender offer to return approximately €45
million to shareholders, which will require separate shareholder approval.
Details of the tender offer will be announced in conjunction with the
publication of a notice of an extraordinary general meeting and is in
anticipated that the tender offer will take place in Q4 2024.

 

ENDS
 
 
 

About Malin Corporation plc

Malin (Euronext Growth Dublin:MLC) is a company investing in highly innovative
life sciences companies. Its purpose is to create shareholder value through
the application of long-term capital and operational and strategic expertise
to a diverse range of global healthcare businesses. Malin has a focus on
innovative businesses underpinned by exceptional science and works with its
investee companies, providing strategic and financial support to enable them
to reach their value potential. Malin is headquartered and domiciled in
Ireland and listed on the Euronext Growth Dublin. For more information
visit www.malinplc.com (http://www.malinplc.com)

 

 

For further information please contact:

Malin

Fiona Dunlevy, Executive Director/Company Secretary

Tel: +353 (0)1 901 5700

cosec@malinplc.com (mailto:cosec@malinplc.com)

 

Davy Corporate Finance (Euronext Growth Listing Sponsor & Joint Broker)

Brian Garrahy / Daragh O'Reilly

Tel: +353 1 679 6363

 

Sodali & Co (Media enquiries)

Eavan Gannon

Tel: +353 87 236 5973

eavan.gannon@sodali.com (mailto:eavan.gannon@sodali.com)

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