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Company News Summary

Avita Medical Announces to Confirm Implementation of Scheme of Arrangement

29 Jun 2020  |  12:34:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AVITA Confirms Implementation of Scheme of Arrangement

Avita Medical announced that the scheme of arrangement to effect the redomiciliation of the Company and its subsidiaries (Avita Group) from Australia to the USA (Scheme) has been implemented. The Company updated that in accordance with the Scheme, all ordinary shares in the Company have been transferred to AVITA Therapeutics, Inc. (Avita US), a firm incorporated in the State of Delaware in the USA. Avita US is the sole shareholder in the Company and the ultimate parent firm of the Avita Group. As reported, Avita US, as the successor to the Company, will be subject to the reporting requirements of the U.S. Securities and Exchange Commission (SEC).

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