REG - Geiger Counter Ltd Geiger Counter - GCS - Entry into Standstill Agreement

Geiger CounterAnnouncement

01/07/2025 07:45

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RNS Number : 1620P  Geiger Counter Ltd  01 July 2025

THIS ANNOUNCEMENT CONTAINS INFORMATION THAT IS INSIDE INFORMATION FOR THE
PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) No. 5985/2014 WHICH
IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS
AMENDED

 
 

 
Geiger Counter Limited (or the "Company")

1 July 2025

Entry into Standstill Agreement

The Company is pleased to announce that, following constructive engagement
with Saba Capital Management, L.P.  ("Saba"), it has agreed the terms of a
Standstill Agreement.

Under the terms of the Standstill Agreement, Saba has agreed, amongst other
things: that Saba shall not, and shall procure that its affiliates shall not,
during the Standstill Period (i) require the Board to convene a general
meeting of the Company pursuant to Jersey law; or (ii) exercise any voting
rights available to remove, or publicly propose the removal of, any member of
the Board. In addition, until the expiry or termination of the Standstill
Period, Saba shall not, and shall use its reasonable endeavours to procure
that its affiliates shall not, vote against the recommendation of the Board on
specified ordinary course resolutions proposed at a general meeting or annual
general meeting of the Company.

The Standstill Agreement shall have effect until the earliest of (i) the
Company's AGM in 2028 or (ii) any earlier winding up, liquidation or voluntary
corporate reconstruction of the shares and assets of the Company.

 

Enquiries

 

 Manulife | CQS Investment Management     Craig Cleland                             T: +44 (0) 20 7201 5368
 Cavendish Capital Markets Limited       Tunga Chigovanyika                         T: +44 (0) 20 7397 1915

                                          (Corporate Finance)
                                         Daniel Balabanoff / Pauline Tribe (Sales)  T: +44 (0) 20 7220 0500
 R&H Fund Services (Jersey) Limited      Jane De Barros                             T :+44 (0) 1534 825 259

 

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