TyraTech, Inc. Result of Special Meeting, Cancellation from AIM (9175F)
31 Oktober 2018 - 4:01PM
UK Regulatory
TIDMTYR TIDMTYRU
RNS Number : 9175F
TyraTech, Inc.
31 October 2018
For immediate release: 31 October 2018
TYRATECH, INC.
("TyraTech" or the "Company")
Result of Special Meeting and Cancellation from AIM
The Directors of TyraTech (AIM: TYRU and TYR), a life sciences
company focused on nature-derived insect and parasite control
products, announce that at the Special Meeting of the Company's
shareholders held on 31 October 2018, the resolutions as set out in
the Proxy Statement dated 9 October 2018 were duly passed.
Details of the proxy voting results on the resolution proposed
at the Special Meeting were as follows:
Resolution Votes For % of % of Votes Votes Against % of Votes
Shares Cast Shares Total
Entitled Entitled
to Vote to Vote
To approve and
adopt the Agreement
and Plan of Merger,
by and among
the Company,
American Vanguard
Corporation ("AVD"),
and
AVD Acquisition
Corporation,
a wholly-owned
subsidiary of
AVD ("Merger
Sub"), as it
may
be amended from
time to time
(the "Merger"). 113,876,161 70.47 99.94 73,155 0.05 113,949,316
------------ ---------- ----------- -------------- ---------- ------------
To approve the
cancellation
of admission
of the Company's
Common Stock
to trading on
the AIM market
of the London
Stock Exchange
("AIM") conditional
upon completion
of the Merger
and authorize
the Board to
take all actions
which they consider
reasonable or
necessary to
effect such cancellation. 113,663,150 70.34 99.75 286,166 0.18 113,949,316
------------ ---------- ----------- -------------- ---------- ------------
Of shareholders entitled to vote at the Special Meeting other
than American Vanguard Corporation, 55.0% of those entitled to vote
and 99.9% of those present at the meeting in person or by proxy
voted in favour of the Merger.
As a result, the Merger is expected to close on Thursday 8
November 2018. It is therefore expected that trading in the
Company's Common Stock on AIM will cease at the close of business
on Thursday 8 November 2018, with cancellation of such trading
taking effect from 7.00 a.m. on Friday 9 November 2018. The last
day of dealings in the Common Stock prior to their cancellation
from AIM and the last day for registration of transfers of Common
Stock will be the effective time of the Merger, expected to be
Thursday 8 November 2018. No transfers of Common Stock will be
registered after that time and date.
-ends-
For further information:
TyraTech Inc.
Bruno Jactel, Chief Executive Tel: +1 919 415 4340
Officer
Erica H. Boisvert, Chief Financial Tel: +1 919 415 4287
Officer
www.tyratech.com
SPARK Advisory Partners Limited
(Nominated Adviser)
Matt Davis Tel: +44 203 368 3550
WH Ireland Limited (Broker)
Adrian Hadden / Chris Viggor Tel: +44 20 7220 1666
Belvedere Communications (PR)
John West / Kim van Beeck Tel: +44 20 3687 2756
Additional information
This Announcement is for information only and does not
constitute an offer or invitation to underwrite, subscribe for or
otherwise acquire or dispose of any securities or investment advice
in any jurisdiction, including without limitation, the United
Kingdom, the United States, Australia, Canada or Japan. Persons
needing advice should consult an independent financial adviser.
The distribution of this Announcement in certain jurisdictions
may be restricted by law. Persons into whose possession this
announcement comes are required to inform themselves about, and to
observe, such restrictions. Any failure to comply with these
restrictions may constitute a violation of the securities laws of
any such jurisdiction.
SPARK Advisory Partners Limited served as exclusive financial
advisor to TyraTech and provided a fairness opinion to the
Independent Directors. SPARK Advisory Partners Limited, which is
authorised and regulated in the United Kingdom by the Financial
Conduct Authority, is acting exclusively for the Company and no one
else in connection with the Transaction and will not be responsible
to anyone other than the Company for providing protections afforded
to clients of the Company.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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