SCISYS Group PLC ("New SCISYS"; AIM SSY; ESM: SCC), is pleased to announce that the reorganisation to establish New SCISYS as the holding company of the SCISYS Group, first announced by the Board of Directors of SCISYS PLC ("Old SCISYS") on 17 October, is now complete.
Accordingly 29,584,660 ordinary shares of 25p each in the capital of New SCISYS were admitted to trading on AIM and ESM at 8.00 a.m. today under the ticker SSY and SCC respectively. SCISYS Group PLC is now the holding company of the SCISYS Group.
Old SCISYS Shareholders on the register at the Scheme Record Time, being 6.00 p.m. on 26 November 2018, will receive one New SCISYS Share for each Old SCISYS Share held at that time. Share certificates in respect of such New SCISYS Shares to be held in certificated form will be sent to the relevant New SCISYS Shareholders on 11 December 2018.