Description
The Company announces that it has today posted a circular to Shareholders (the “Circular“). The Circular contains a notice of a general meeting (the “General Meeting“) of the Company to be held at11.00 a.m. on 5 February 2026.
The meeting is being called to propose a resolution to cancel, in its entirety, the Company’s share premium account (the “SPA Cancellation“). As at 16 January 2026 being the latest practicable date prior to the publication of the Circular, the share premium account had a balance of 239,056,149. The SPA Cancellation, if approved by shareholders and the Court, will result in a corresponding increase in the Company’s distributable reserves once the cancellation is registered at Companies House.
As a matter of law, the Company is only permitted to make distributions out of its distributable reserves. The Board believes it is prudent to create further distributable reserves for distribution to shareholders as and when it is deemed appropriate.
Venue is yet to be confirmed.
This event was sourced from the AIC, for more information click here: https://www.theaic.co.uk/learn-more
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