A big focus for Texton until the the end of this year is to deal with the ‘put option’ being exercised by the PIC. There will be a general meeting on the issue on 28 December 2018.
While the timing isn't ideal, we wanted to have a resolution on this before the end of the year to put Texton on the best possible footing for 2019.
The results of the meeting are expected to be announced on SENS on 28 December and will be advertised in the media on 31 December 2018.
Because this announcement falls in the middle of the holiday season, we will endeavour to ensure the media is well informed on the outcome and will therefore issue a further media communication in the form of a press release on the results of the meeting and what they mean for Texton during the second week of January 2019.