April 17 (Reuters) - Smiles Inclusive Ltd SIL.AX :
* GOT NOTICE FROM DR JOHN CAMACHO PURPORTING TO REPRESENT 16 OF TOTALLY SMILES' 98 DENTISTS
* NOTICE SEEKING TO TERMINATE THEIR SERVICE AGREEMENTS
* IS IN PROCESS OF CONTACTING DENTISTS NAMED IN DR CAMACHO'S LETTER TO UNDERSTAND THEIR INTENTIONS
* CONFIRM THAT IT IS IN ADVANCED TALKDS FOR A TRANSACTION WHICH, IF COMPLETED, WOULD MATERIALLY IMPROVE ITS FINANCIAL POSITION
* ALL CO'S PRACTICES ARE TEMPORARILY CLOSED OTHER THAN FOR EMERGENCY PROCEDURES DURING COVID-19 PANDEMIC
* MAJORITY OF DENTISTS INFORMED THEY WERE UNAWARE OF DR CAMACHO'S LETTER & IT IS NOT THEIR INTENTION TO TERMINATE SERVICE AGREEMENTS
* TALKS FOR THE TRANSACTION WOULD ALSO PROVIDE CO WITH CAPITAL TO CONTINUE THROUGH REMAINDER OF CURRENT TEMPORARY SHUTDOWN AND BEYOND