Provalis shareholders approve company liquidation

By Elaine Rigoli

Tampa, Fla., Sept. 15 - Provalis plc's shareholders have approved the voluntary liquidation of the company and said the cancellation of the listing of the shares will be effective Monday.

Following the passing of the resolutions, the joint liquidators have now been appointed and Peter Woodford, Alan Aikman and Lee Greenbury have resigned as directors of the company.

The Deeside, England, diagnostics company previously agreed to sell its medical diagnostics business for effective consideration of £1.6 million through the sale of the entire issued share capital of its subsidiary, PB Diagnostics Ltd., to Bio-Metrics Ltd., a subsidiary of Bio-Rad Laboratories, Inc.

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