REG - Bay Capital PLC - Expiration of FCA Transition Provisions

Bay CapitalAnnouncement

18/08/2025 11:15

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RNS Number : 7157V  Bay Capital PLC  18 August 2025

18 August 2025

BAY CAPITAL PLC

Expiration of FCA Transition Provisions

Bay Capital Plc (LSE: BAY, "Bay" or the "Company"), the Main Market listed
acquisition company, announces that further to the expiration of the FCA's
Transition Provisions in relation to shell companies which occurred on 29 July
2025, the Board of Directors of the Company intend to include a resolution at
the next general meeting of Company's shareholders to recommend a change to
the Company's articles of association in order to comply with UKLR 13.2.1R.

Under this resolution, the Directors will recommend that the articles of
association of the Company are amended to provide that if the Company has not
completed an initial transaction on or before the 30 July 2027, it will cease
operations and return any excess cash to shareholders.

Enquiries:

 

 Tessera Investment Management Limited
 Tony Morris                            +44 (0) 7742 189145

 

 

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