ACESO LIFE SCI (00474): Termination of Subscription for IFGL Shares

ACESO LIFE SCI (00474) announced that, in relation to the subscription for 2,102 IFGL shares, as the Company and IFGL expect that the conditions precedent under the subscription agreement will not be fulfilled by the long stop date (i.e. 30 September 2026), the parties entered into a termination agreement on 17 September 2026 to terminate the subscription agreement. With effect from the effective date of the termination agreement, the Company and IFGL have each been released from all of their respective obligations, covenants and undertakings under the subscription agreement, and neither party shall have any claim against the other in respect of the subscription agreement or any act, matter or thing in connection with or arising out of the subscription agreement. As the subscription agreement has been terminated, the subscription and the proposed issue of consideration shares will not proceed, and accordingly, no circular will be despatched to shareholders and no extraordinary general meeting will be convened.