20th Feb 2006 10:54
Provalis PLC20 February 2006 Provalis plc Results of Extraordinary General Meeting At today's Extraordinary General Meeting of Provalis plc ("Provalis"), theresolution to approve the disposal of certain assets of Provalis HealthcareLimited was passed. It is expected that completion of the disposal will takeplace later today. Following completion of the disposal, Provalis will have cash balances ofapproximately £3.8 million. This cash will allow Provalis to continue theresolution of the technical issues associated with in2it whilst fully pursuingall available options for the Medical Diagnostic division. As part of thereview the Group is in discussions with a number of parties, which may lead tothe sale of the business or the assets of the Medical Diagnostics division.These discussions are at an early stage and the Board will update shareholdersin due course. As previously announced, Mr Frank Harding has resigned as both Chairman anddirector of Provalis with immediate effect. Dr Alan Aikman, a non-executivedirector, assumes the role of Chairman of Provalis. 20 February 2006 Enquiries: College Hill 020 7457 2020Adrian Duffield / Corinna Dorward NM Rothschild & Sons Limited 0113 200 1900David Forbes This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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