REG - Brave Bison Grp PLC - Notice of AGM

Brave BisonAnnouncement

24/05/2024 07:00

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RNS Number : 7205P  Brave Bison Group PLC  24 May 2024

24 May 2024

 

 

 

Brave Bison Group plc

("Brave Bison" or the "Company", together with its subsidiaries "the Group")

 

 

Annual Report, Notice of Annual General Meeting and Proposed Capital Reduction

 

Brave Bison, the digital advertising and technology services company,
announces that notice convening the Company's Annual General Meeting (the
"AGM") for 10am on 19 June 2024 at Gridiron Building, 1 Pancras Square, Kings
Cross, N1C 4AG was today published together with the Company's 2023 Annual
Report.

 

The notice of AGM and the 2023 Annual Report will shortly be available from
the Company's website at  https://bravebison.com/investors/
(https://bravebison.com/investors/) .

 

Proposed Capital Reduction

At the AGM, resolutions will be put to shareholders to, inter alia, enable the
Company to undertake a reduction of capital.

 

The Company is proposing to undertake a reduction of capital approved by the
Court to create additional distributable reserves. The proposal achieves this
by: (a) cancelling the balance standing to the credit of the share premium
account and the capital redemption reserve of the Company; and (b)
capitalising a historical merger relief reserve from previous corporate
activity through the issue and subsequent cancellation of B Ordinary Shares
(the "Capital Reduction).

 

The Capital Reduction, if approved by Shareholders and confirmed by the Court,
is expected to increase the distributable reserves of the Company by
£158,379,042.

 

If the Resolution is passed at the General Meeting, the Company intends to
apply to the Court for confirmation of the Capital Reduction. The Capital
Reduction will only become effective if the Resolution is passed by
Shareholders at the General Meeting, the Court confirms the Capital Reduction
and the order of the Court confirming the Capital Reduction is delivered to,
and registered by, the Registrar of Companies in England and Wales.

 

The Capital Reduction, if approved, would create distributable reserves that
would give the Company further flexibility to deliver shareholder returns over
the coming years either in the form of dividends or purchases of the Company's
own shares. It is important to note that the Directors view the Capital
Reduction as an enabling step and there is no current intention to either pay
a dividend or buy back shares. However the Board intends to keep both options
under review and wishes to be able to proceed with either course of action if
this is thought to be in shareholders interests.

 

AGM attendance

 

The Company understands and respects the importance of the AGM to shareholders
and the board of Directors greatly values the opportunity to meet shareholders
in person. Shareholders are asked, whether or not they propose to attend the
AGM in person, to exercise their votes by submitting their proxy
electronically via their Signal Shares account in advance of the Meeting and
to appoint the Chair of the AGM as their proxy with their voting instructions.

 

Shareholders may also wish to submit questions in advance via e-mail to
companysecretary@bravebison.com (mailto:companysecretary@bravebison.com) . We
will endeavour to respond to questions raised directly, or by publishing
responses on our website.

 

For further information please contact:

 

Brave Bison Group plc

Oliver Green, Executive
Chairman
via Cavendish

Theo Green, Chief Growth Officer

Philippa Norridge, Chief Financial Officer

 

Cavendish Capital Markets
Limited
Tel: +44 (0) 20 7220 0500

Nominated Adviser & Broker

Ben Jeynes

Dan Hodkinson

 

About Brave Bison

 

Brave Bison (AIM: BBSN) is a digital advertising and technology services
company, headquartered in London with a globally distributed workforce in over
ten countries. The Company provides services to global brand advertisers
through four business units.

 

Brave Bison Performance is a paid and organic media practice. It plans and
buys digital media on platforms like Google, Meta, TikTok, Amazon and YouTube,
as well as providing search engine optimisation and digital PR services.
Customers include New Balance, Curry's and Asus.

 

SocialChain is a social media advertising practice. It creates content for
social media platforms and works with influencers to create and distribute
content. This creative approach ensures that content is more native to the
platform it is on, leading to higher engagements from its audience. Customers
include Holland & Barrett, The Army and General Mills.

 

Brave Bison Commerce is a digital commerce practice. It builds complex
ecommerce platforms to support digital commerce operations. We are specialist
consultants in composable system architecture, the most advanced technology
available for enterprise customers. Customers include Furniture Village,
Fiskars and Winparts.

 

Brave Bison Media Network is a portfolio of channels across YouTube, Facebook,
Snapchat, TikTok and Instagram. These channels generate over 1 billion monthly
views, and the advertising inventory from each channel is sold through online
advertising exchanges. Popular channels include The Hook, PGA Tour, US Open
and Link Up TV.

 

 

 

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