Brief: Axington Inc Says Board Intends For Rights Issue To Proceed As Per Timetable

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03/09/2020 13:07

Sept 3 (Reuters) - Axington Inc  AXIN.SI :
    * AXINGTON UPDATES ON BOARD REACHING OUT TO CONTROLLING
SHAREHOLDERS OF CO TO SEEK CLARITY ON DETAILS OF IMPENDING
CHANGES IN BUSINESS STRATEGY
    * CONTROLLING SHAREHOLDERS COMMUNICATED TO BOARD THEY ARE
STILL
EXPLORING & EVALUATING OPTIONS THAT HAVE BEEN PRESENTED
    * BOARD INTENDS FOR RIGHTS ISSUE TO PROCEED AS PER TIMETABLE
    * WILL CONTINUE TO FOLLOW-UP WITH CONTROLLING SHAREHOLDERS
    * CLARIFIES THERE HAVE NOT BEEN ANY MODIFICATIONS TO
TIMETABLE OF
KEY EVENTS FOR RIGHTS ISSUE AS ANNOUNCED ON AUG 21

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ4H79XZ
Further company coverage:  AXIN.SI 

 (Reuters.Briefs@thomsonreuters.com)