REG - Esken Limited - Notice of EGM

EskenAnnouncement

09/11/2022 07:00

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RNS Number : 7487F  Esken Limited  09 November 2022

9 November 2022

ESKEN LIMITED

(Esken, the Group or the Company)

 

Posting of Notice of Extraordinary General Meeting

 

Esken, the aviation and renewable energy group, announced its unaudited
interim results for the six months to 31 August 2022 earlier today. That
announcement contained details relating to a financing that the Company
proposes to undertake.

 

The articles of incorporation of the Company (the "Articles") limit its
borrowings to four times its adjusted capital and reserves. In order to
augment the liquidity position of the Company, the level of borrowing is
shortly expected to exceed the current limit set out in the Articles and would
exceed it if the proposed financing was utilised. The Articles allow for debt
to be incurred in excess of the borrowing limits set out therein with the
approval of an ordinary resolution of shareholders.   We have, therefore,
today issued a Notice of Extraordinary General Meeting ("EGM") to shareholders
for the purposes of passing a resolution to approve the incurrence of
borrowings beyond the limits in our Articles. The Company's ability to draw
down the funds made available under the proposed financing is dependent upon
the passing of that resolution.

 

The EGM will take place at the offices of Simpson Thacher & Bartlett LLP
CityPoint, One Ropemaker Street,  London EC2Y 9HU on  29 November 2022 at
11.00 am.

 

The Notice of the EGM has been posted in hard copy form to those shareholders
who have elected to receive correspondence by post. Other shareholders have
been notified by letter or email (for those shareholders who have notified the
Company they wish to receive electronic communications) of the availability
of the Notice of EGM at the following
link www.esken.com/investors/shareholder-centre/documents-circulars/
(http://www.esken.com/investors/shareholder-centre/documents-circulars/) .

 

In compliance with 9.6.1 of the Listing Rules, copies of the Notice of EGM has
been submitted to the National Storage Mechanism and will be available for
inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

 

Enquiries:

 

Esken
Limited
                C/o Tulchan

Charlie Geller, Communications Director

 

Tulchan

Olivia Peters
                                           T: +44 (0)20
7353 4200

       E: opeters@tulchangoup.com

 

David Allchurch
                                     T: +44 (0)20 7353
4200

       E: dallchurch@tulchangroup.com

 

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