REG - Donegal Investment - Result of Extraordinary General Meeting

Donegal InvestmentAnnouncement

30/10/2025 16:00

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RNS Number : 5618F  Donegal Investment Group PLC  30 October 2025

Donegal Investment Group Plc

Result of Extraordinary General Meeting

Donegal Investment Group Plc ("Donegal" or the "Company") is pleased to
announce that the resolution to approve the sale of IPM Potato Group Limited
("IPM") proposed at today's extraordinary general meeting was passed.

 

The Company will now move forward and complete the sale of the entire issued
share capital of IPM to Royal HZPC Group ("HZPC") in accordance with the terms
of the Share Purchase Agreement signed by both parties.

 

As noted in the Circular, completion of the Disposal will result in a
fundamental change of business for  Donegal, which will become a cash shell
under the Euronext Growth Rules and require a qualifying acquisition within 12
months to avoid suspension and potential cancellation of trading.

 

The Board continues to expect that a substantial proportion of the proceeds
will be returned to shareholders, as previously indicated.

 

Enquiries:

 

 

 

 Donegal Investment Group plc
 Padraic Lenehan, Director  Tel: +353 74 912 1766
 Davy Corporate Finance
 Anthony Farrell            Tel: +353 1 679 6363

 

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