Flight Risk Capital

Who is leaving Britain and what it costs to stay

Tiziana Life Sciences

Tiziana Life Sciences announced the move (Tiziana Life Sciences via GlobeNewswire, 20 August 2021).

Last updated: .

What was reported

Tiziana announced that its scheme replacing the UK-incorporated parent with a Bermuda-incorporated parent became effective on 20 October 2021. The linked coverage runs from 20 August 2021 to 22 October 2021, with the record marked confirmed.

Background

According to Tiziana's October 2021 announcement, its scheme established a Bermuda parent company. Tiziana Life Sciences regulatory announcement via SEC, 20 October 2021. The announcement described a corporate reorganisation through a UK court scheme. Tiziana Life Sciences regulatory announcement via SEC, 20 October 2021. The announcement set out the end of London trading and the planned direct Nasdaq listing of the new parent's shares. Tiziana Life Sciences regulatory announcement via SEC, 20 October 2021.

Timeline

Report dates show when a source published its account. Event dates keep the precision given by that source.

  1. (Event): According to Tiziana's October 2021 announcement, it announced the plan to establish a Bermuda parent on this date. Tiziana Life Sciences regulatory announcement via SEC, 20 October 2021.

  2. (Event): According to the same announcement, the company sent shareholders the scheme document. Tiziana Life Sciences regulatory announcement via SEC, 20 October 2021.

  3. (Event): According to the same announcement, the court order was delivered and the scheme became effective. Tiziana Life Sciences regulatory announcement via SEC, 20 October 2021.

Type
Company
Known for
Biotechnology company formerly listed in London
Recorded change
No guide for Bermuda yet
Parent-company incorporation
Status
Confirmed
Basis
Read the source account above
First reported
20 August 2021
Sector
Healthcare (Biotechnology)
Last checked
25 October 2026

On-record statement

The Scheme and the Old Tiziana Reduction of Capital are therefore effective today.

Primary source for this statement

Recorded statement

No direct statement of a reason is recorded.

Wealth estimate

No sourced estimate is recorded.

Limits and uncertainty

UK tax residence was retained. The sole Nasdaq listing is a separate change.

Latest status check: 20 October 2021. Tiziana announced that its scheme replacing the UK-incorporated parent with a Bermuda-incorporated parent became effective on 20 October 2021.

Sources

Related

Similar company events

Send a correction or right of reply. Read the public corrections log.