REG - APQ Global Limited - Result of EGM & CULS Holder Meeting

APQ GlobalAnnouncement

31/03/2025 14:30

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RNS Number : 9676C  APQ Global Limited  31 March 2025

APQ Global Limited

("APQ Global" or the "Company")

Result of Extraordinary General Meeting and CULS Holders Meeting

APQ Global Limited, a company incorporated in Guernsey, announces the results
of the extraordinary general meeting of the shareholders (the "Extraordinary
General Meeting") relating to the cancellation of admission of the ordinary
shares of no par value ("Ordinary Shares") to trading on AIM (the
"Cancellation") and the meeting of the holders of 3.5 per cent. convertible
loan stock 2024 (the "CULS") relating to amendments to the trust deed
constituting the CULS to permit the cancellation of the Company's admission to
trading on AIM and to modify the terms of the CULS, each held on 31 March
2025. Details of the proposals were set out in the circular published by the
Company on 6 March 2025 (the "Circular").

 

Words and expressions defined in the Circular have the same meanings when used
in this announcement unless otherwise defined or the context otherwise
requires.

 

The Company is pleased to announce that the special resolution proposed at the
Extraordinary General Meeting was passed with 99.9% of votes cast in favour,
and the resolutions at the Meeting of the CULS Holders were both passed, with
100.0% of votes cast in favour.

 

Cancellation

 

Following approval by Shareholders at the Extraordinary General Meeting,
Cancellation is expected to become effective at 7:00 a.m. on 8 April 2025 and,
accordingly, the last day of dealings in Ordinary Shares on AIM is expected to
be 7 April 2025.

 

Following Cancellation, shareholders in the Company will continue to be able
to effect transactions in the Company's Ordinary Shares on TISE.

 

Undertakings to CULS Holders

 

The Company also announces that it has undertaken to CULS holders, by way of
addition and/or modification to the undertakings contained in paragraph 6 of
the Circular, as follows. Additional Interest will be paid quarterly on 31
March, 30 June, 30 September, and 31 December. Monthly updates will be
provided within 10 days of each month-end, covering cash flows, cash position,
working capital, cash movements, and updated inflow forecasts. The Company
will also provide audited annual accounts (31 Dec) and unaudited half-year
accounts (30 June). No Financial Indebtedness ranking above the CULS will be
incurred unless it fully satisfies CULS obligations and Additional Interest.
From 1 April to 30 June 2025, cash reserves above $5 million will be used to
redeem CULS once per month, and from 1 July 2025 to the Deferred Settlement
Date, excess cash above $3 million will be applied similarly. These additional
and/or modified undertakings have effect until the Deferred Settlement Date
and reinforce the Company's commitment to transparency and financial
discipline.

 

- End -

 

For further enquiries, please contact:

 

 APQ Global Limited                                     020 3478 9708
 Bart Turtelboom

 Singer Capital Markets - Nominated Adviser and Broker  020 7496 3000
 James Maxwell

 Suntera - TISE sponsor                                 01481 737 279
 Claire Torode

 Investor Relations

 IR@APQGlobal.com

 

Notes to Editors

 

APQ Global Limited

 APQ Global (ticker: APQ LN) is an investment company incorporated in
Guernsey. The Company focuses its investment activities globally (in Asia,
Latin America, Eastern Europe, the Middle East, Africa and the Channel
Islands, particularly). The objective of the Company is to steadily grow its
earnings to seek to deliver attractive returns and capital growth through a
combination of building growing businesses as well as earning revenue from
income generating operating activities in capital markets(1.) APQ Global run
a well-diversified and liquid portfolio, take strategic stakes in selected
businesses and plan to take operational control of companies through the
acquisition of minority and majority stakes in companies with a focus on
emerging markets. For more information, please visit apqglobal.com
(http://www.apqglobal.com/) .

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