September 4, 2020

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ANNOUNCEMENT: Court Sanction of Scheme of Arrangement and update to timetable Suspension

Further to the announcement issued by the Company on 1 September 2020, the Company is pleased to announce that yesterday the Court sanctioned the Scheme in connection with the recommended offer by Stillcanna for the entire issued share capital of the Company to be satisfied by the issuance of shares in Stillcanna.

Notwithstanding the sanctioning of the Scheme by the Court, it has been ordered that upon receipt (but not before) by the Company from Stillcanna of the unconditional approval given to it by the Canadian Securities Exchange of the Acquisition undertaken pursuant to the Scheme (“CSE Approval”), the Order of the Court be produced to the Registrar of Companies of England and Wales and that an office copy be delivered to the Registrar together with a copy of the CSE Approval. The Scheme will only become effective on the date upon which the Order of the Court and a copy of the CSE Approval is filed with the Registrar of Companies in England and Wales (the “Scheme Effective Date”)…