Tikcro Technologies Announces Extraordinary General Meeting

Rhea-AI Summary

Tikcro Technologies Ltd. (OTC: TIKRF) announced an Extraordinary General Meeting for shareholders on April 29, 2021, at 9:30 a.m. Israel time. This meeting will address the proposal for the company's voluntary liquidation and the appointment of Ran Gurit as the liquidation trustee. A 75% approval from voting shares is required for the proposal to pass. Shareholders will receive a proxy statement and card for voting.

Tikcro focuses on developing antibodies targeting immune modulator pathways for cancer treatment.

Positive

• The meeting is a structured approach to finalize the company's liquidation, providing clarity for shareholders.

Negative

• The proposal for voluntary liquidation indicates significant financial distress or strategic failure.

TEL AVIV, Israel, March 29, 2021 /PRNewswire/ -- Tikcro Technologies Ltd. (OTC: TIKRF) today announced that an Extraordinary General Meeting of Shareholders will be held on Thursday, April 29, 2021 at 9:30 a.m. (Israel time), at the office of Goldfarb Seligman & Co., 98 Yigal Alon Street, Tel Aviv, Israel. The record date for the meeting is March 30, 2021.

The meeting is being convened to approve the voluntary liquidation of the Company and the appointment of Ran Gurit as the liquidation trustee and his compensation terms. This proposal requires the approval of 75% of the shares voted on the matter.

Tikcro will send its shareholders of record a proxy statement describing the proposal, along with a proxy card enabling them to indicate their vote on each matter.

About Tikcro Technologies:
Tikcro Technologies Ltd. (OTCQB: TIKRF) has developed certain antibodies selected and verified in pre-clinical trials with a focus on antibodies targeting immune modulator pathways for cancer treatment. For more information, visit Tikcro's website at www.tikcro.com.

View original content:http://www.prnewswire.com/news-releases/tikcro-technologies-announces-extraordinary-general-meeting-301257807.html

SOURCE Tikcro Technologies Ltd.

FAQ

What is the date of Tikcro Technologies' Extraordinary General Meeting?

The Extraordinary General Meeting is scheduled for April 29, 2021.

What is being proposed at the meeting on April 29, 2021?

The proposal involves the voluntary liquidation of Tikcro Technologies Ltd.

Who is appointed as the liquidation trustee for Tikcro Technologies?

Ran Gurit is proposed to be appointed as the liquidation trustee.

What percentage of shares is needed to approve the liquidation proposal?

A 75% approval from the shares voted is required for the proposal to pass.

When is the record date for Tikcro Technologies' shareholder meeting?

The record date for the meeting is March 30, 2021.