REG - Donegal Investment - AGM Announcement and Return of Capital Update

Donegal InvestmentAnnouncement

28/01/2025 16:15

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RNS Number : 0033V  Donegal Investment Group PLC  28 January 2025

 

 

AGM Announcement and Return of Capital Update

 

Donegal Investment Group Plc will hold its AGM for 2025 at the Colab ATU
Donegal, Port Road, Letterkenny, Co Donegal F92 PHF4 at 2:00pm on 20 February
2025. The Notice for the AGM is available on the Group's website
www.donegaligroup.com (http://www.donegaligroup.com) .

 

The Board would also like to announce that, following the passing of
resolutions required to facilitate the return of €4.8m in capital to
shareholders at its annual general meeting held on 29 November 2024, the Board
has implemented the conversion and subsequent redemption of 18.15% of each
shareholder's total ordinary shares held on the record date of Friday 17
January 2025 (6.00pm).

 

Following this redemption, any shareholder who held 50 or fewer Ordinary
Shares had their remaining holding of Ordinary Shares redeemed.

 

The relevant shares were converted and redeemed on Monday, 20 January 2025
with each shareholder entitled to receive payment in cash of €16.50 per
ordinary share converted and redeemed.

 

Shareholders will receive their redemption proceeds of €16.50 per share
within the next seven days.

 

Following this transaction, the company has an issued Ordinary Share Capital
of 1,232,593.

 

 

 

Padraic Lenehan

Director

Donegal Investment Group Plc

Tel: 074 9121766

Email: plenehan@donegaligroup.com (mailto:plenehan@donegaligroup.com)

 

Anthony Farrell

Davy Corporate Finance

Tel: + 353 1 679 6363

Email: anthony.farrell@davy.ie (mailto:anthony.farrell@davy.ie)

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