REG - Iconic Labs PLC - Notice of AGM

Iconic LabsAnnouncement

19/01/2024 16:00

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RNS Number : 3408A  Iconic Labs PLC  19 January 2024

19 January 2024

 

Iconic Labs PLC

 

("Iconic" or the "Company")

 

Notice of AGM

 

Iconic Labs PLC (LSE: ICON) announces that its Annual General Meeting ('AGM')
will be held on Tuesday, 13 February 2024 at 12 noon at the offices of RWK
Goodman, 69 Carter Lane, London, EC4V 5EQ.

 

The Notice of AGM has been posted to Shareholders and will be available to
view shortly on the Company's website at:
https://www.iconiclabs.co.uk/documents/
(https://www.iconiclabs.co.uk/documents/) .

 

Amongst others, a special resolution at the AGM will be proposed seeking the approval of Shareholders to a share capital reorganisation.
 

For some time, the shares of the Company have been trading at below nominal
value of £0.10. The issue of new ordinary shares in the Company at a price
which is less than nominal value is prohibited by the UK Companies Act. The
Board, therefore, considers it prudent to seek the approval of shareholders to
a sub-division and conversion of each existing ordinary share of £0.10
("Existing Ordinary Shares") into one new ordinary share of £0.0001  (a "New
Ordinary Share") and one deferred share of £0.0999 (a "Deferred Share") (each
such Deferred Share having no voting or dividend rights and effectively being
worthless) in order that the nominal value of a New Ordinary Share is less
than the price of a share in the market. This will enable the Company to raise
funds in the future by issuing further shares, should the Directors elect to
do so. By effecting this share capital reorganisation in this way, the
Company's issued share capital remains the same and similarly, the nominal
value of a Shareholder's shareholding will remain unchanged.

 

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 

 

 Publication and posting of the AGM Notice                                     19 January 2024
 Latest time and date for receipt by Registrars of Form of Proxy  in respect   12 noon on 9 February 2024
 of the Annual General Meeting
 Annual General Meeting                                                        12 noon on 13 February 2024
 Record Date for the Share Capital Reorganisation                              6.00 pm on 13 February 2024
 Effective Date for the Share Capital Reorganisation                           8.00 am on 14 February 2024

 

- Ends -

 

For more information, please contact:

 Iconic Labs                            Tel: +44 (0) 7462 156238

 Brad Taylor, Chief Executive Officer
 Novum Securities Limited               Tel: +44 (0) 20 7399 9400

 David Coffman / Daniel Harris
 Yellow Jersey PR                       Tel: +44 (0) 20 3004 9512

 Sarah Hollins                          iconic@yellowjerseypr.com

 Annabelle Wills

 Bessie Elliot

 

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