Conygar Investment Company PLC(The) Posting of Circular and Notice of GM (6019D)
March 03 2022 - 11:22AM
UK Regulatory
TIDMCIC
RNS Number : 6019D
Conygar Investment Company PLC(The)
03 March 2022
3 March 2022
THE CONYGAR INVESTMENT COMPANY PLC
(the "Company")
POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING
PROPOSED Disapplication of pre-emption rights and
cancellation of share premium account
The Company announces that it has today posted a circular to
Shareholders (the "Circular") which has attached to it a notice of
a general meeting of the Company to be held on 28 March 2022 (the
"General Meeting"). At the General Meeting, resolutions will be put
to Shareholders asking them to approve:
(a) the granting of authority to issue up to 15,000,000 ordinary
shares in the Company (representing approximately 25 per cent. of
the current issued share capital of the Company) free of statutory
pre-emption rights, with such authority to expire on the earlier of
15 months from the passing of the resolution and the date of the
next Annual General Meeting of the Company. The Directors believe
it is important, particularly given the significant further work
that is necessary to progress the Island Quarter, that the Company
has flexibility in terms of funding options which it is able to
access quickly and efficiently. This includes the ability to issue
new equity otherwise than on a pre-emptive basis.
(b) the cancellation of the existing share premium account of
the Company (GBP10,158,929.21) and, with the approval of the Court,
for the amount cancelled to be credited to a distributable reserve,
that will be distributable and available to fund dividends and
other distributions to shareholders in the event that the Board
determines to make any such dividends or other distributions.
A copy of the Circular is available for inspection on the
Company's website at www.conygar.com .
Enquiries:
The Conygar Investment Company PLC
Robert Ware / David Baldwin
020 7258 8670
Liberum Capital Limited (Nominated Adviser and Broker)
Richard Lindley / Jamie Richards / Edward Phillips
020 3100 2222
Temple Bar Advisory (Public Relations)
Alex Child-Villiers 07795 425580
Will Barker
07827 960151
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