TyraTech, Inc. Result of Special Meeting, Cancellation from AIM (9175F)

TIDMTYR TIDMTYRU

RNS Number : 9175F

TyraTech, Inc.

31 October 2018

For immediate release: 31 October 2018

TYRATECH, INC.

("TyraTech" or the "Company")

Result of Special Meeting and Cancellation from AIM

The Directors of TyraTech (AIM: TYRU and TYR), a life sciences company focused on nature-derived insect and parasite control products, announce that at the Special Meeting of the Company's shareholders held on 31 October 2018, the resolutions as set out in the Proxy Statement dated 9 October 2018 were duly passed.

Details of the proxy voting results on the resolution proposed at the Special Meeting were as follows:

 
 Resolution                    Votes For     % of        % of Votes   Votes Against   % of        Votes 
                                              Shares      Cast                         Shares      Total 
                                              Entitled                                 Entitled 
                                              to Vote                                  to Vote 
 To approve and 
  adopt the Agreement 
  and Plan of Merger, 
  by and among 
  the Company, 
  American Vanguard 
  Corporation ("AVD"), 
  and 
  AVD Acquisition 
  Corporation, 
  a wholly-owned 
  subsidiary of 
  AVD ("Merger 
  Sub"), as it 
  may 
  be amended from 
  time to time 
  (the "Merger").            113,876,161   70.47       99.94        73,155          0.05        113,949,316 
                              ------------  ----------  -----------  --------------  ----------  ------------ 
 To approve the 
  cancellation 
  of admission 
  of the Company's 
  Common Stock 
  to trading on 
  the AIM market 
  of the London 
  Stock Exchange 
  ("AIM") conditional 
  upon completion 
  of the Merger 
  and authorize 
  the Board to 
  take all actions 
  which they consider 
  reasonable or 
  necessary to 
  effect such cancellation.    113,663,150   70.34       99.75        286,166         0.18        113,949,316 
                              ------------  ----------  -----------  --------------  ----------  ------------ 
 

Of shareholders entitled to vote at the Special Meeting other than American Vanguard Corporation, 55.0% of those entitled to vote and 99.9% of those present at the meeting in person or by proxy voted in favour of the Merger.

As a result, the Merger is expected to close on Thursday 8 November 2018. It is therefore expected that trading in the Company's Common Stock on AIM will cease at the close of business on Thursday 8 November 2018, with cancellation of such trading taking effect from 7.00 a.m. on Friday 9 November 2018. The last day of dealings in the Common Stock prior to their cancellation from AIM and the last day for registration of transfers of Common Stock will be the effective time of the Merger, expected to be Thursday 8 November 2018. No transfers of Common Stock will be registered after that time and date.

-ends-

 
 For further information: 
 TyraTech Inc. 
 Bruno Jactel, Chief Executive          Tel: [phone] 
  Officer 
 Erica H. Boisvert, Chief Financial     Tel: [phone] 
  Officer 
 www.tyratech.com 
 SPARK Advisory Partners Limited 
  (Nominated Adviser) 
 Matt Davis                             Tel: [phone] 
 WH Ireland Limited (Broker) 
 Adrian Hadden / Chris Viggor           Tel: [phone] 
 Belvedere Communications (PR) 
 John West / Kim van Beeck              Tel: [phone] 
 

Additional information

This Announcement is for information only and does not constitute an offer or invitation to underwrite, subscribe for or otherwise acquire or dispose of any securities or investment advice in any jurisdiction, including without limitation, the United Kingdom, the United States, Australia, Canada or Japan. Persons needing advice should consult an independent financial adviser.

The distribution of this Announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

SPARK Advisory Partners Limited served as exclusive financial advisor to TyraTech and provided a fairness opinion to the Independent Directors. SPARK Advisory Partners Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for the Company and no one else in connection with the Transaction and will not be responsible to anyone other than the Company for providing protections afforded to clients of the Company.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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October 31, 2018 11:01 ET (15:01 GMT)