REG - Aeorema Comms Plc - Notice Of General Meeting

Aeorema CommunicationsAnnouncement

21/03/2023 07:00

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RNS Number : 5892T  Aeorema Communications Plc  21 March 2023

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information as stipulated under the Market Abuse Regulations (EU) No.
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is now considered to be in the public domain.

 

Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media

 

21 March 2023

 

 

Aeorema Communications plc ('Aeorema' or 'the Company' or 'the Group')

Notice Of General Meeting

Aeorema Communications plc, a leading strategic communications group based in
London, New York City and Amsterdam, announces a Notice of General Meeting
("GM") has been posted to its shareholders.

 

At the GM, which will be held at 87 New Cavendish Street, London W1W 6XD on 11
April 2023 at 10.00 a.m, the Company will ask shareholders of the Company
("Shareholders") to consider, vote on, and approve a resolution surrounding a
short-term loan in the amount of £40,000 with Steve Quah, a director of the
Company, which allowed him to exercise options for 300,000 shares and increase
his commitment to the Company.

 

As a result of exercising these share options, Steve now owns 781,010 shares
in the Company, as announced by the Company on 16 December 2022. The Loan was
entered into in December 2022, repayable on demand, and has now been repaid in
full (the "Loan").

 

The reason the Company is calling a GM is that since entering into the Loan,
it came to the attention of the Company that in accordance with the Companies
Act 2006 (the "CA") such a transaction may have required the prior approval of
the Shareholders.

 

The Company relied on legal advice at the time the Loan was made and that
advice has now been revised to suggest that it would be preferable to have
shareholder approval for the Loan. As such approval had not been sought, it is
proposed that the transaction now be affirmed by the Shareholders in a GM in
accordance with the CA.

 

A covering letter and the Notice of GM as dispatched to Shareholders is
available to view on the Company's website www.aeorema.com
(http://www.aeorema.com/)

 

For further information contact:

 Mike Hale                                      Aeorema Communications plc                              +44 (0)20 7291 0444

 John Depasqual (Corporate Finance)             Allenby Capital Limited (Nominated Adviser and Broker)  +44 (0)20 3328 5656

 Kelly Gardiner (Sales and Corporate Broking)

 Catherine Leftley/Paul Dulieu                  St Brides Partners Ltd                                  aeorema@stbridespartners.co.uk

                                                (Financial PR)

 

Notes to Editors

Aeorema Communications plc, (AIM: AEO) is a leading strategic communications
group with offices in London, New York and Amsterdam. The Group provides
bespoke event services, comprising live, virtual, and hybrid experiences to an
established international blue-chip client base spanning a broad range of
sectors, including finance, professional services, advertising, IT, gaming,
fashion, fintech, and beverages. The Group also provides high level
consultancy services to help clients maximise and deliver on their long-term
communication strategies over multiple event and film touchpoints.

 

Aeorema delivers these services via its fully owned companies Cheerful
Twentyfirst and Cheerful Twentyfirst, Inc. (the North American arm of Cheerful
Twentyfirst) (cheerfultwentyfirst.com), two live events agencies with film
capabilities that specialise in devising and delivering corporate
communication solutions. The Group also operates Eventful Limited
(www.eventful.co.uk), which provides consultative, high-touch services
including assisting clients with venue sourcing, event management and
incentive travel. With more than 56 years of combined operating experience and
extensive award wins, Aeorema is a recognised industry thought leader and for
the year ended 30 June 2022 reported record revenue and profits (before tax)
of £12.2 million and £843,564 respectively, and also declared a dividend for
the year.

 

Central to all that the Group does is its Corporate Social Responsibility
charter, which is focussed on ensuring sustainable, inclusive and ethical
business operations. To this end, the Group is a pioneer in delivering
innovative strategies and services, including a client carbon measurement
programme to establish a formal structure and approach around reducing
emissions and offsetting both its own and its clients' carbon footprint.

 

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