Eastbridge Investments PLC Notice of General Meeting (6646A)
June 09 2016 - 2:00AM
UK Regulatory
TIDMEBIV
RNS Number : 6646A
Eastbridge Investments PLC
09 June 2016
9(th) June 2016
Eastbridge Investments Plc
("Eastbridge" or the "Company")
Notice of General Meeting
SHARE CAPITAL CONVERSION
At the Extraordinary General Meeting of the Company held on 5
March 2015, the Company passed a special resolution to convert the
Company from a par value company to a no par value company (the
"Conversion Resolution"). The Directors have become aware that the
Conversion Resolution may not be effective as passed, although it
should be noted that to date no challenge has been made to the
Company regarding the validity of the conversion. Accordingly, as a
precaution, the Company wishes to pass special resolutions at a
General Meeting in order to ratify, or otherwise re-perform, the
conversion intended by the Conversion Resolution and ensure to the
fullest extent possible that all shares issued following the
Conversion Resolution were properly and validly allotted.
AMENDMENTS TO ARTICLES
A resolution to be proposed at the General Meeting seeks to
amend Article 2.10 of the Company's articles of association (the
"Articles") to grant the Board power to allot equity securities for
past or future services in addition to their power to allot equity
securities for cash. This power will be exercisable without the
pre-emption provisions set out in Articles 2.4 to 2.8 of the
Articles applying to such allotment.
A number of consequential amendments to the Articles have also
been identified as a result of being a no par value company.
Resolutions are to be proposed at the General Meeting to seek and
make these minor amendments.
AUTHORITY TO ALLOT SHARES
Subject to the passing of resolutions above to be proposed at
the General Meeting, a further resolution proposes to grant the
Directors authority to allot up to 2,863,996,494 ordinary shares in
the Company for cash or past or future services.
GENERAL MEETING
The Company has posted a circular to shareholders setting out
details of the proposed changes and calling an extraordinary
general meeting for 24 June 2016 at which resolutions will be put
to shareholders to approve both the amendments to articles and the
authority to allot shares.
For further additional information please contact:
Eastbridge Investments Plc Tel: +44 (0)78
Gregory Collier 301 82501
Nominated Adviser Tel: +44 (0)20
Northland Capital Partners 3861 6625
Limited
William Vandyk / Matthew Johnson
Broker Tel: +44 (0)20
Peterhouse Corporate Finance 7469 0930
Limited
Fungai Ndoro /Lucy Williams
This information is provided by RNS
The company news service from the London Stock Exchange
END
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