Any ideas anyone?

Yes, but what of the Co Ann of 21 May 2013? (Post No 84)- Does this say that PYM is being taken over? . . .not how I read it "Target" seems to be the other way, ie PYM is taking over a larger company - Eh?
...I could just wait and see...

From the link in post 85 :-

"On the 18 February 2013 Phytopharm announced that analysis of the headline results from its Phase II clinical trial of Cogane™ in Parkinson's disease indicated that the drug had not demonstrated clinically meaningful efficacy. After discussions with the Company's major shareholder the Board initiated a review of the strategic options available to the Company, including a review of a number of merger and acquisition opportunities. Further to this, the Board of Phytopharm is pleased to announce that Phytopharm has recently signed heads of terms in connection with the possible acquisition of a revenue generating UK based private company in the healthcare sector ("Target").

The transaction would be structured by way of an acquisition of the Target by Phytopharm in consideration for the issue of new Phytopharm shares to the shareholders of the Target. Due to its size in relation to Phytopharm, the proposed acquisition of the Target constitutes a "reverse takeover" for the purposes of the Listing Rules. At the request of the Company, trading in Phytopharm's Premium listed shares on the Main Market of the London Stock Exchange ("Main Market") was suspended on 21 May 2013 by the UK Listing Authority pending publication of the required shareholder documents. Shareholder approval would be required to approve the acquisition of the Target which would be sought at a general meeting to be convened in due course, after which the Company also expects to delist from the Main Market and seek admission of the enlarged share capital to trading on AIM. The Company expects to make a further announcement in due course."

Of course, this is the reward investors can expect having invested in the exciting tech placed in the Public Domain by the Company . . . the shares in ISA/and PEP before) being considered unworthy.
Well thanks PYM; it's good to know the Directors have retained their seats and continue to enjoy a good life, pension and happy meals.
"Rot in . . ." springs to mind.


Tech carries risk, but it should be shared by all - and I don't see why they need to delist from the main market, other than to boost a notional improvement from their new start. Snag is they still have the same dreary captains at the Helm, each pulling in different directions, no doubt.

Proposed acquisition of IXICO Limited
Proposed Issue of up to 8,479,753 New Ordinary Shares in the Company
Proposed change of name to IXICO plc
Admission of the Enlarged Issued Share Capital to trading on AIM
Renewal of Shareholder Authorities
and
Notice of General Meeting

Phytopharm plc (PYM: London Stock Exchange) ("Phytopharm", or the "Company") today announces that terms have been agreed for the conditional acquisition (the "Acquisition") of IXICO Limited ("IXICO"), a medical technology and diagnostics company. The aggregate consideration for the Acquisition is to be satisfied by the initial issue of 8,014,403 New Ordinary Shares on Admission and the proposed issue of 465,350 New Ordinary Shares as a result of the outstanding share options under the IXICO unapproved share option share scheme. Based on the Phytopharm closing share price of 20 May 2013 immediately prior to its suspension, the aggregate consideration is valued at approximately £5.6 million.

Following completion, it is expected that Phytopharm shareholders will own approximately 45 per cent and that IXICO shareholders will own approximately 55 per cent of the Fully Diluted Enlarged Issued Share Capital. In view of the size of IXICO in relation to the Company, the Acquisition is classified as a reverse takeover under the AIM Rules and is therefore conditional, inter alia, on the approval of Shareholders in a general meeting. A copy of the admission document along with the notice of General Meeting is being sent out to shareholders shortly and will be available on the Company's website www.phytopharm.com.

The Directors of Phytopharm consider that IXICO will provide a platform from which to create value for Shareholders and will provide a different risk profile to the Company's business model. Upon completion of the Acquisition, Phytopharm plc will change its name to IXICO plc with the new ticker "IXI".

IXICO expands into digital healthcare

Portfolio company IXICO expands into digital healthcare

Imperial Innovations Group plc (AIM: IVO, "Innovations") portfolio company IXICO Limited, a medical imaging analysis company, is to be acquired by Phytopharm plc (AIM: PYM) in a proposed reverse takeover announced today. The enlarged Phytopharm group, to be renamed IXICO plc, will benefit from a strengthened balance sheet to grow its clinical trial services business and to bring new technology solutions to the diagnosis of dementia and other conditions. The newly-quoted IXICO plc will use the new ticker 'IXI'.

Innovations maintains its support for IXICO and as part of this transaction has purchased a small parcel of shares; following completion of this transaction it will hold a 11.518% shareholding in IXICO plc.

IXICO has established itself as a leading provider of medical imaging analysis services in the clinical trials market. It is expanding into the 'digital healthcare' space with products to support dementia diagnosis. Its vision is to build on its credibility internationally to position itself as a 'Brain Health Company' and to bring innovative technologies to those involved in researching and treating serious brain diseases enabling them to help patients more quickly.

Maina Bhaman, Director of Healthcare Ventures at Innovations, will be joining the IXICO plc board on completion.

Restoration - Phytopharm Plc

24/09/2013 7:30am

RESTORATION OF TRADING ON AIM

PHYTOPHARM PLC

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 24/09/2013 7:30am, the company having published an admission document.

Ordinary shares of 50p each, fully paid (BCLY7L4) (GB00BCLY7L40)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7418 8900.

DYOR - Odd that I can't see any mention of [PYM] in the Newsflow from AIM-listed [IVO].
. . . has someone forgotten to tell?



Oh deary PYM, rip

Shareholder Information

The current incarnation of PYM on the up.