PURE WAFER PLC Pure Wafer plc ("Pure Wafer" or "the Company"), a provider of high quality silicon wafer reclaim services for many of the world's leading semiconductor manufacturers as an integral part of their cost control programmes, is pleased to confirm that at the General Meeting held today the shareholders approved the proposed sale ("the Disposal") of its wholly owned subsidiary, Pure Wafer Inc. ("the Subsidiary").
As completion of the Disposal will result in the disposal of substantially all of the trading business, activities and assets of the Company, the Company will be treated as an investing company for the purposes of the AIM Rules.
Accordingly, the Company expects shortly to post a circular to shareholders convening a General Meeting for the purpose of approving the appointment of a liquidator ("the Liquidation GM") in order to facilitate the distribution of the Company's assets to shareholders. If the appointment of the liquidator is approved, the trading facility in the Company's shares, which will be suspended from
07.30 on the day of the Liquidation GM, will be cancelled with effect from the next business day.
Contacts: | |
Pure Wafer plc | www.purewafer.com |
Richard Howells, Chief Executive Officer | +44 (0) 1792 311 200 |
Huw Lewis, Chief Financial Officer | |
WH Ireland Limited | www.wh-ireland.co.uk |
John Wakefield/Ed Allsopp | +44 (0) 117 945 3471 |
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