REG - Highway Capital PLC - Proposed Change of the Company’s Articles

Highway CapitalAnnouncement

17/11/2025 14:15

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RNS Number : 8492H  Highway Capital PLC  17 November 2025

17 November 2025

 

Highway Capital Plc

 

("Highway" or the "Company")

 

Proposed Change of the Company's Articles

 

Highway Capital Plc (LON:HWC) announces that it intends to put forward a
resolution to its shareholders at the next General Meeting of the Company, to
be convened at a date to be determined in due course, to seek approval for the
amendment of the Company's articles to provide for the time period by which
the Company must complete an initial transaction (24 months from 30 July 2025,
with the possibility of three annual extensions thereafter), as required under
13.2.1R of the UK Listing Rules.

 

The new constitution will be prepared in accordance with the requirements of
UKLR13.2.1, which applies to the Company following the expiry of the
transition period on 29 July 2025. UKLR13.2.1 primarily requires that the
Company's constitution includes a requirement that it will cease operations if
it has not completed an Initial Transaction (as defined in UKLR13) within a
24-month period from 30 July 2025 (the "Initial Transaction Deadline"). The
New Constitution also provides that (as permitted by the UKLRs) the Initial
Transaction Deadline may be extended by shareholder approval for up to three
further 12-month periods (plus a further six months in certain circumstances
if an incomplete Initial Transaction is in progress).

 

The Company therefore currently expects that, if an Initial Transaction has
not been completed on or before July 2027, an initial shareholder vote will be
proposed on or before July 2027 in order to seek an extension to the Initial
Transaction Deadline.

 

 

 Enquiries:
 Highway Capital Plc                    info@highwaycapital.co.uk
 Peterhouse Capital (Corporate Broker)  Tel: +44 (0)20 7469 0932

 

 

 

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