Novelion Therapeutics Announces US Court Confirmation of Aegerion Bankruptcy Case, Update on Nasdaq Delisting and Date of Annual General Meeting of Shareholders
Nasdaq Delisting Update
Annual General Meeting
The Board of Directors of the Company has scheduled the Company’s 2019 annual general meeting of shareholders for
The Company currently expects that, in addition to addressing routine matters of annual business at the Annual Meeting, and subject to the Aegerion closing and the completion of ongoing analysis and final approval by the Company’s Board of Directors, the Company will seek shareholder approval of a proposed liquidation plan for and dissolution of the Company pursuant to the Business Corporations Act (
Cautionary Information Regarding Trading in the Company’s Securities
The Company continues to caution that trading in the Company’s securities is highly speculative and poses substantial risks. Trading prices for the Company’s securities may bear little or no relationship to the actual value realized, if any, by holders of the Company’s securities. Accordingly, the Company urges extreme caution with respect to existing and future investments in its securities.
Certain statements in this press release constitute “forward-looking statements” and “forward-looking information” within the meaning of applicable laws and regulations, including U.S. and Canadian securities laws. Any statements contained herein which do not describe historical facts, including, but not limited to, the anticipated consummation of the transactions contemplated by the Plan, the receipt of the approval of the shareholders of the Plan Investor in respect of the acquisition, the anticipated closing date of the acquisition and transactions contemplated by the Plan, the proposed date and convening of the Annual Meeting, the expected matters of business to be put forth at the Annual Meeting, including any liquidation plan in respect of the Company, any anticipated distributions to shareholders of any remaining property of the Company as a result of the outcome of the matters put forth for consideration at the Annual Meeting, the timing of finalization and mailing of the Company’s proxy statement related to the Annual Meeting and the anticipated contents of same, and the timing and potential outcome of the hearing related to the delisting of the Company’s common stock from
Such risks and uncertainties include, among others, whether the shareholders of the Plan Investor will approve the acquisition, the Plan Investor’s and Aegerion’s ability to consummate the transactions contemplated by the Plan, including the acquisition, within the timeframe anticipated or at all, the state of Novelion’s operations and remaining assets following the acquisition, Novelion’s ability to successfully hold, and the outcome of, the Annual Meeting, Novelion’s ability to effect the deconsolidation of Aegerion from its financial statements and file its Quarterly Report on Form 10-Q within the anticipated timeframe or at all, the delisting of the Company’s securities from
Novelion cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. Except as required by law, Novelion undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.
Investors and others should note that Novelion communicates with its investors and the public using the Novelion website www.novelion.com, including, but not limited to, company disclosures, investor presentations and FAQs,
Source: Novelion Therapeutics, Inc.