REG - Donegal Investment - Posting of Circular and EGM

Donegal InvestmentAnnouncement

10/10/2025 17:45

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RNS Number : 9780C  Donegal Investment Group PLC  10 October 2025

Posting of Circular and EGM

 

Following on from its announcement of 2 October 2025 relating to the proposed
Disposal of IPM to HZPC, the Board of Donegal Investment Group plc ("Donegal",
or the "Company") announces that a circular relating to the Disposal (the
"Circular") is available on the Company's website (www.donegaligroup.com
(http://www.donegaligroup.com) ) and a Form of Proxy for use at the EGM has
been posted to shareholders today.

 

Details of the proposed Disposal are set out in the Circular including the
required resolution to be voted on by shareholders at an EGM to be held at
12.00pm on 30 October 2025 at the Colab ATU, Port Road, Letterkenny, Co
Donegal, F92 PHF4.

 

If the EGM resolution is approved the Disposal will result in a fundamental
change of business of Donegal. The Company will become a cash shell company
for the purposes of the Euronext Growth Rules and will therefore be required
to complete an acquisition (or acquisitions) constituting a reverse takeover
within 12 months of completion. If the company fails to do so, trading in its
Ordinary Shares on Euronext Growth will be suspended. Admission to trading
will be cancelled if the suspension is not lifted within six months.

 

 

 

END

 

Contacts

Mr. Padraic Lenehan

Director

Donegal Investment Group

Tel: 0749121766

 

Anthony Farrell

Davy Corporate Finance

Tel: + 353 1 679 6363

 

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