Summit Corporation PLC: Update on Capital Reorganisation Timetable
Summit Corporation plc
('Summit' or the 'Company')
UPDATE ON CAPITAL REORGANISATION
Oxford, UK, 18 July 2014 - Summit (AIM: SUMM), the drug discovery and
development company advancing therapies for Duchenne Muscular Dystrophy and C.
difficile infection, today provides an update on the timetable relating to the
cancellation of deferred shares and reduction of share premium account that
were announced on 2 June 2014.
There has been a change in the dates for the Court hearing to approve the
cancellation of all deferred shares that are in existence and the reduction in
the share premium account. The change in dates is due to convening a second
Class Meeting of the holders of the deferred shares that were in existence
prior to the Company's AGM on 3 July 2014. The meeting will seek to gain the
necessary consent to cancel those deferred shares.
The new expected timetable of events is outlined below:
Expected date of Court hearing to confirm the Capital Reduction 3 September
Expected effective final date for the Capital Reduction 4 September
Further announcements will be made as appropriate.
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Notes to Editors
Summit is an Oxford, UK based drug discovery and development company targeting
high-value areas of unmet medical need including Duchenne Muscular Dystrophy
and C. difficile infection. Summit is quoted on the AIM market of the London
Stock Exchange and trades under the ticker symbol SUMM. Further information is
available at www.summitplc.com and Summit can be followed on Twitter
For more information, please contact:
Summit Tel: +44 (0)1235 443 951
Glyn Edwards / Richard Pye
Cairn Financial Advisers LLP Tel: +44 (0)20 7148 7900
Liam Murray / Tony Rawlinson
N+1 Singer Tel: +44 (0)20 7496 3000
Aubrey Powell / Jen Boorer
Peckwater PR Tel: +44 (0)7879 458 364
(Financial public relations, UK) email@example.com
MacDougall Biomedical Communications Tel: +1 781-235-3060
(US media contact)
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Summit Corporation PLC via Globenewswire
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