Tex Holdings PLC Annual Report and Meeting Notice (4411H)
July 31 2019 - 11:49AM
UK Regulatory
TIDMTXH
RNS Number : 4411H
Tex Holdings PLC
31 July 2019
31st July 2019
Tex Holdings plc
Annual Report and Extraordinary General Meeting Notice
The Board of Tex Holdings plc (the "Company") announces that the
Annual Report and Financial Statements for the year ended 31st
December 2018 together with a notice of the Extraordinary General
Meeting to adopt the financial statements, is being filed at
Companies House today, 31st July 2019. Copies of the Annual Report
and Financial Statements and Notice can be viewed and downloaded
from the Company's website www.tex-holdings.co.uk. The
Extraordinary General Meeting will be held at Tex Holdings plc,
Claydon Business Park, Gipping Road, Great Blakenham, Ipswich IP6
0NL at 12.15pm on 30th August 2019.
Following the publication of the Company's Annual Report and
Financial Statements, the Company will accordingly request that the
FCA restore the Company's listing.
The Company also announces that it is currently in discussions
with Le Bas Investment Trust Limited ("Trust"), an associate of Mr
ARB Burrows, a director of the Company, whereby the Trust is
willing to lend the Company up to GBP7 million on a secured basis
over a period of 10 years and negotiations are continuing about the
terms. The Trust is a related party under the Related Party
transaction rules contained in Chapter 11 of the Listing Rules by
virtue of it being an associate of Mr Burrows. Mr Burrows'
associates are currently interested in approximately 40 per cent of
the issued share capital of the Company.
This loan will replace the current facilities provided by the
Company's bankers National Westminster Bank plc.
Due to the Trust being a related party and the size of the loan,
the loan is conditional upon the approval of independent
shareholders of the Company. A circular containing further details
of the proposed transaction and a notice of the Extraordinary
General Meeting where approval will be sought will be sent to
Shareholders shortly.
Enquiries
C.A. Parker
01473-830144
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END
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