UK's ADVFN extends closing date of open offer, AGM amid postal strikes (updated)
20/12/2022 07:37
(Adds background on strikes)
Dec 20 (Reuters) - Global stocks and crypto information
website ADVFN Plc AFN.L said on Tuesday it extended the
closing date of an open offer and postponed its annual general
meeting (AGM) amid ongoing strikes in the UK, including by
postal firms.
British workers across various key sectors including
transportation, health and postal department have intensified
strikes this month over pay, causing country-wide disruptions
amid a deepening cost-of-living crisis.
The government recently drafted in about 1,200 members of
the military and 1,000 government officials to try to minimise
disruptions to ambulance and border services.
ADVFN said it was extending the closing date to Jan. 5 from
Dec. 21 as a number of shareholders were concerned about their
participation in the open offer due to the postal disruption,
while the AGM has been pushed back to Jan. 13 from Dec. 29.
The UK-based company said some of the eligible shareholders
for the open offer were worried that due to the delays in
receiving the necessary documents either directly or from
nominees, they might not be able to submit applications by the
originally-planned closing date.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Rashmi Aich)
((abyjose.koilparambil@thomsonreuters.com; +919986528692))