REG - Caspian Sunrise plc - Proposed cancellation of share premium account

Caspian SunriseAnnouncement

22/04/2022 11:30

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RNS Number : 0754J  Caspian Sunrise plc  22 April 2022

 

CASPIAN SUNRISE PLC

 

Proposed cancellation of the share premium account and

the deferred shares

 

The Board of Caspian Sunrise is pleased to announce that at the General
Meeting held earlier today the resolutions to cancel the Company's Share
Premium account and its Deferred Shares were carried with majorities of in
excess of 99%.

 

The next step to be able to pay a dividend is to be obtain the confirmation of
the High Court.

 

Following the implementation of the share premium cancellation and the
deferred shares cancellation there would be no change in the nominal value of
the Company's ordinary shares or the number of ordinary shares in issue. The
share premium cancellation and the deferred shares cancellation themselves
will not involve any distribution or repayment by the Company and will not
reduce the underlying net assets of the Company.

 

 

EXPECTED TIMETABLE

 

 Expected date for the directions hearing from the High Court to consider the   27 May 2022
 Company's claim for the Share Premium Cancellation and the Deferred Share
 Cancellation

 Expected date for the hearing for the High Court to confirm the Share Premium  21 June 2022
 Cancellation and Deferred Share Cancellation

 Expected date that the Share Premium Cancellation and the Deferred Share       Expected to be the business day following the Court order confirming the Share
 Cancellation will become effective                                             Premium Cancellation and Deferred Shares Cancellation

 
 

 

 

Notes:

 

1.         The times and dates are based on the Company's current expectations and are subject to change. The times and dates are indicative only and will depend, among other things, on the date on which the High Court of England and Wales confirms the share premium cancellation and the deferred shares cancellation. The provisional directions hearing date and final hearing date are subject to change and dependent upon the High Court.
2.         The timetable assumes that there is no adjournment of the general meeting. If the date scheduled for the General Meeting changes, the revised date and / or time will be notified to Shareholders by a further Shareholder letter.
3.         All times shown are London times unless otherwise stated.

 

Contacts

 

Caspian Sunrise PLC

 

Clive Carver

Executive
Chairman
+7 727 375 0202

 

WH Ireland, Nominated Adviser & Broker

 

James
Joyce
+44 (0) 207 220 1666

Andrew de Andrade

 

This announcement has been posted to:

www.caspiansunrise.com/investors (http://www.caspiansunrise.com/investors)

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the “UK MAR”) which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018. The information
is disclosed in accordance with the Company’s obligations under Article 17
of the UK MAR. Upon the publication of this announcement, this inside
information is now considered to be in the public domain.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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