Mears Group PLC Publication of Circular, Notice of General Meeting (9896I)
August 11 2023 - 02:00AM
UK Regulatory (RNS & others)
TIDMMER
RNS Number : 9896I
Mears Group PLC
11 August 2023
11 August 2023
Mears Group PLC
(the "Company")
Publication of Circular and Notice of General Meeting
Cancellation of the Share Premium Account
The Company today announces that it has posted to shareholders a
circular (the "Circular"), regarding the proposed cancellation of
the entire amount standing to the credit of the Company's share
premium account (the "Capital Reduction"), together with a form of
proxy.
The Circular contains a notice of general meeting of the
Company's shareholders (the "Notice of General Meeting"), which is
to be held at the offices of Numis Securities Limited, 45 Gresham
Street, London EC2V 7BF on 6 September 2023 at 9:30 a.m., at which
a special resolution will be proposed to approve the Capital
Reduction.
The Capital Reduction is conditional upon the passing by the
Company's shareholders of the special resolution set out in the
Notice of General Meeting, as well as the subsequent confirmation
by the Court of the cancellation.
If it becomes effective, the Capital Reduction would create
additional distributable reserves of approximately GBP82,497,000,
which (subject to any arrangements required for the protection of
the Company's creditors and any directions given by the High Court
of Justice in England and Wales (the "Court"), in confirming the
cancellation) may be used by the Company to deliver returns to
shareholders in the future, whether in the form of dividends,
distributions or purchases of the Company's own shares.
National Storage Mechanism
The Circular (including the Notice of General Meeting) and the
form of proxy have been have been submitted to the National Storage
Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism . A copy of
the Circular (including the Notice of the General Meeting) will
also be available for viewing on the Company's website at
www.mearsgroup.co.uk .
For further information contact:
Mears Group PLC
Ben Westran, Company Secretary Tel: +44(0)1452 634660
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END
CIRSFSFISEDSEEA
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