REG - Bigblu Broadband PLC - Change of Date for Court Meeting & General Meeting

Bigblu BroadbandAnnouncement

13/03/2025 07:15

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RNS Number : 4542A  Bigblu Broadband PLC  13 March 2025

 
 

 

 

13 March 2025

 

 

Bigblu Broadband plc

(the "Company")

Change of Date for Court Meeting & General Meeting

On 3 March 2025, Bigblu Broadband plc (AIML BBB.L), a leading provider of
alternative super-fast and ultra-fast broadband services, announced the
proposed return of capital to Shareholders of up to £6.1 million by way of a
purchase of up to 15,250,000 Ordinary Shares held by Qualifying Shareholders
(the "Tender Offer").

 

The Company announces that the dates of the upcoming Directions Hearing for
Capital Reduction and the Confirmation Hearing for Capital Reduction
(together, the "Hearings"), to be held on 31 March 2025 and 15 April 2025
respectively, have been rescheduled.

 

The Hearings will now take place at:

 

 Directions Hearing for Capital Reduction    28 March 2025
 Confirmation Hearing for Capital Reduction  8 April 2025

 

The remaining expected timetable of principal events for the Tender Offer
remains as set out in Part I of the Circular, as below:

 

 

 Latest time and date for receipt of Forms of Proxy and electronic voting         10.00 a.m. on 17 March 2025
 instructions
 General Meeting                                                                  10.00 a.m. on 19 March 2025
 Anticipated date to announce results of the General Meeting                      20 March 2025
 Directions Hearing for Capital Reduction                                         28 March 2025
 Confirmation Hearing for Capital Reduction                                       8 April 2025
 Effective date for Capital Reduction                                             17 April 2025
 Latest time and date for receipt of Tender Forms and settlement of TTE           1.00 p.m. on 22 April 2025
 instructions and share certificates in relation to the Tender Offer (i.e.
 close of Tender Offer)
 Tender Offer Record Date                                                         6.00 p.m. on 22 April 2025
 Announcement of results of the Tender Offer                                      23 April 2025
 Purchase of Ordinary Shares under the Tender Offer                               24 April 2025
 CREST accounts credited for revised, uncertificated holdings of Ordinary         by 24 April 2025
 Shares (or, in the case of unsuccessful tenders, for entire holdings of
 Ordinary Shares)
 CREST accounts credited in respect of Tender Offer proceeds for uncertificated   by 29 April 2025
 Ordinary Shares
 Despatch cheques in respect of Tender Offer proceeds for certificated Ordinary   by 6 May 2025
 Shares
 Return of share certificates in respect of unsuccessful tenders of               by 6 May 2025
 certificated Ordinary Shares
 Despatch of balancing share certificates (in respect of certificated Ordinary    by 6 May 2025
 Shares) for revised, certificated holdings in the case of partially successful
 tenders

 

All times are references to London times and are indicative only and may
change. Each of the above times and dates is based on the Company's
expectations as at the date of this Circular. If any of the above times and/or
dates change, the revised times and/or dates will be notified to Shareholders
by an announcement through a Regulatory Information Service.

 

 

For further information

 Bigblu Broadband PLC                                                               www.bbb-plc.com (http://www.bbb-plc.com/)
 Frank Waters, Chief Executive Officer                                              www.bbb-plc.com
 Cavendish Capital Markets Limited (Nomad and Broker)                               Tel: +44 (0)20 7220 0500

 Marc Milmo / Finn Gordon (Corporate Finance)

 Tim Redfern / Jamie Anderson (ECM)
                              Cautionary note regarding forward-looking statements

This announcement includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "forecasts", "plans", "prepares", "targets",
"anticipates", "projects", "expects", "intends", "may", "will", "seeks", or
"should" or, in each case, their negative or other variations or comparable
terminology, or by discussions of strategy, plans, objectives, goals, future
events or intentions. These forward-looking statements include all matters
that are not historical facts. They appear in a number of places throughout
this announcement and include statements regarding the Company's and the
Directors' intentions, beliefs or current expectations concerning, amongst
other things, the Company's prospects, growth and strategy. No statement in
this announcement is intended to be a profit forecast and no statement in this
announcement should be interpreted to mean the Company's performance in future
would necessarily match or exceed the historical published performance of the
Company.

 

By their nature, forward-looking statements involve risks and uncertainties
because they relate to future events and depend on circumstances that may or
may not occur in the future. Forward-looking statements are not guarantees of
future performance. The Company's actual performance, achievements and
financial condition may differ materially from those expressed or implied by
the forward-looking statements in this announcement. In addition, even if the
Company's results of operations, performance, achievements and financial
condition are consistent with the forward-looking statements in this
announcement, those results or developments may not be indicative of results
or developments in subsequent periods.

 

Any forward-looking statements that the Company makes in this announcement
speak only as of the date of such statement, and none of the Company or the
Directors undertake any obligation to update such statements unless required
to do so by applicable law. Comparisons of results for current and any prior
periods are not intended to express any future trends or indications of future
performance, unless expressed as such, and should only be viewed as historical
data.

 

 

 

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