Update on Examinership Process
Dublin, 1 February 2024. The board of HealthBeacon plc ("HealthBeacon" or the "Company) announces an update on the Examinership process the Company is currently going through.
Further to the announcement made on 31 January 2024, a hearing before the High Court will take place today at 11.00 am 1 February 2024 seeking the sanction from the High Court of the Scheme of Arrangement which had been formulated by the Examiner to enable the Company to survive as a going concern.
The Scheme of Arrangement if approved by the High Court will become binding on the shareholders and creditors of the Company.
Furthermore, if approved, the interest of the shareholders in the total issued share capital of the Company will be cancelled. The shareholders shall receive no distribution on account of their shares and the existing shares and all and any rights attaching or relating thereto will be cancelled. Any rights and / or entitlements of the shareholders as members of the Company pursuant to the articles of association of the Company or any other document, or otherwise, shall cease if the scheme is approved and admission to trading on Euronext Growth will be cancelled.
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| Enquiries: |
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| HealthBeacon: Rebecca Shanahan Lar Malone
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| Goodbody (Euronext Listing Sponsor and Broker): Finbarr Griffin
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+353 (1) 667 0420 |
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| Drury (Public Relations): |
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| Cathal Barry |
+353 (0) 87 227 9281 |
| Gavin McLoughlin |
+353 (0) 86 035 3749 |
About HealthBeacon
Headquartered in Dublin, HealthBeacon is an Irish digital therapeutics company that develops smart tools for managing medications for patients in the home. The HealthBeacon Injection Care Management System tracks adherence and persistence with medication schedules through the provision of medication management reminders, safe and sustainable sharps disposal devices, educational tools, and artificial intelligence (AI) driven data analytics. Peer reviewed evidence supports a 19% improvement in therapy persistence by patients and up to 26% improvement in adherence to therapy, which improves clinical outcomes and significantly improves efficiency in health systems. The Company has expanded its offering to growth management with the launch of its integrated Smart Scale and oral adherence with the launch of HB Wave which integrates with its existing technology. The Company operates across Europe, North America and the United Kingdom. The Company's mission is to become the world's leading digital therapeutics platform for patients managing medications in the home.
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