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Sativa Group PLC - 1 Day Extension for Publication of Scheme Document

RNS Number : 6670T
Sativa Group PLC
21 July 2020
 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION (INCLUDING THE UNITED STATES) WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

For immediate release

21 July 2020

SATIVA GROUP PLC

("Sativa" or "the Company")

One Day Extension for Publication of Scheme Document

Further to the announcement made by the Company on 23 June 2020, Sativa Group Plc, the UK's leading quoted CBD wellness and medicinal cannabis Group, announces that it and StillCanna Inc have agreed to extend the date by which the Scheme Document must be posted to Sativa Shareholders until tomorrow, 22 July 2020.

 

The Courts confirmed today that the Sanction Hearing date will take place on 28 August 2020. The Company and its advisors required an extra day to make minor adjustments to the Scheme Document and to distribute it.

 

In accordance with Paragraph 3(a) of Appendix 7 of the Code, at the request of the Directors of Sativa, the Panel on Takeovers and Mergers (the "Panel") has consented to an extension of the relevant deadline until 5.00 p.m. tomorrow, 22 July 2020.

 

            The Directors of Sativa accept responsibility for the contents of this announcement.

 

           Sativa Group Plc           

           Henry Lees-Buckley 

Chief Executive Officer

Sativa Group Plc

+44 (0) 20 7971 1255

[email protected]

www.sativagroup.co.uk

 

Joseph Colliver

Chief Financial Officer

Sativa Group Plc

+44 (0) 20 7971 1255

[email protected]

www.sativagroup.co.uk

 

           Peterhouse Capital Limited (Financial Adviser to Sativa)

           Guy Miller/Allie Feuerlein

+44 (0) 20 7220 9795

 


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Price: 2.35

Market: AQSE
Market Cap: -
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