Under the terms of the proposed placement, Livingstone, on Jan 26, entered into a placement agreement with SAC Capital as placement agent in respect of up to 5 million placement shares at the issue price of 20 cents per share.
Livingstone Health Holdings (formerly Citicode) says it has received approval by ordinary resolution of the proposed disposal at the extraordinary general meeting (EGM) of the company on Jan 22.
As the proposed disposal has been completed, Citicode-SNAP and Citicode Corporation are no longer subsidiaries or associated companies of the company.
