Oscillate Plc Investment Disposal: Igraine Plc

 
TIDMMUSH 
 
Oscillate Plc announces that, on 14 July 2023, the Company disposed of  its 
entire holding of 21,312,460 ordinary shares in Igraine Plc for gross cash 
consideration of £66,068. 
 
This disposal is in line with the strategic options for the Company as explained 
in the announcement of 22 May 2023. 
 
Oscillate will shortly post a circular to shareholders ("Circular") convening 
the Company's Annual General Meeting ("AGM"). Inter-alia, the Circular will 
contain a resolution to be proposed at the AGM to place the Company into Members 
Voluntary Liquidation (`MVL'). ). The MVL is being proposed with a view to 
distributing  the entirety of the cash and assets of the Company to shareholders 
in the most efficient manner. If that resolution approving the MVL is not passed 
at the AGM, the Directors will assume that shareholders wish the Company to 
continue to seek a reverse takeover transaction. 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
-ENDS- 
 
Enquiries 
 
Oscillate plc: 
John Treacy 
ir@oscillateplc.com 
https://oscillateplc.com 
 
Corporate Adviser: 
Peterhouse Capital Limited 
Guy Miller & Heena Karani 
Telephone: +44 (0) 20 7220 9796 
 
Market Abuse Regulation (MAR) Disclosure 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as 
defined in the European Union (Withdrawal) Act 2018). 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/oscillate-plc/r/investment-disposal--igraine-plc,c3807352 
 
 
END

(END) Dow Jones Newswires

July 19, 2023 10:06 ET (14:06 GMT)

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