THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION
NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN
(WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION
IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
10 January 2025
Jaywing plc
("Jaywing" or the
"Company")
Proposed cancellation of
admission of Ordinary Shares to trading on AIM
Re-registration as a
private limited company
Adoption of New
Articles
and
Notice of General
Meeting
On 23 December 2024, the Company
announced that Lord Ashcroft requisitioned the holding of a general
meeting of the Company to cancel the admission of the Company's
Ordinary Shares to trading on AIM, a proposal which the Board has
concluded is in the best interests of the Company and its
Shareholders.
The Company today announces the
proposed cancellation of its ordinary shares of £0.05 each in the
Company ("Ordinary Shares") to trading on AIM ("Cancellation"), the
proposed re-registration (the "Re-Registration") as a private
company, the proposed adoption of new articles of association (the
"New Articles") and, together with the Cancellation and
Re-Registration and the New Articles, the "Proposals").
The Cancellation is conditional,
pursuant to Rule 41 of the AIM Rules, upon the approval of not less
than 75 per cent. of the votes cast by Shareholders (whether
present in person or by proxy) at the General Meeting. The Company
is therefore seeking Shareholders' approval of the Proposals at the
General Meeting which will be convened for 9.30 a.m. on 5 February
2025 at the offices of Fieldfisher LLP at Riverbank House, 2 Swan
Lane, London EC4R 3TT.
The Company has today published a
Circular to give notice of the General Meeting. The Circular will
be published on the Company's website https://www.jaywing.com/views/investors/
and will be sent to shareholders today, setting
out the background to and reasons for the Proposals.
Expected Timetable
|
Notice provided to the London Stock
Exchange to notify it of the proposed Cancellation
|
10 January
2025
|
|
|
|
|
Publication and posting of this
document
|
10 January
2025
|
|
|
|
|
Latest time and date for receipt of
online proxy votes or completed Forms of Proxy in respect of the
General
Meeting
|
9.30 a.m.
on 3 February 2025
|
|
|
|
|
General Meeting
|
9.30 a.m.
on 5 February 2025
|
|
|
|
|
Expected last date and time for
trading in Ordinary Shares on AIM
|
6.00 p.m.
on 12 February 2025
|
|
|
|
|
Expected date of
Cancellation
|
7.00 a.m.
on 13 February 2025
|
|
|
|
|
Expected date of
Re-registration
|
By 13
February 2025
|
|
|
|
Jaywing plc
David Beck - Executive
Chairman
Christopher Hughes (CFO and
COO)
T: +44 (0)333 370 6500
SPARK Advisory Partners Limited (Nominated and Financial Adviser)
Matt Davis / James
Keeshan
T: +44 (0) 20 3368 3552
Turner Pope (Broker)
James Pope / Andy
Thacker
T: +44 (0) 20 3657 0050