REG - Jaywing PLC - Publication of Circular and Notice of GM

JaywingAnnouncement

10/01/2025 07:00

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RNS Number : 8219S  Jaywing PLC  10 January 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER
THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF
ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

10 January 2025

Jaywing plc

("Jaywing" or the "Company")

Proposed cancellation of admission of Ordinary Shares to trading on AIM

Re-registration as a private limited company

Adoption of New Articles

and

Notice of General Meeting

 

On 23 December 2024, the Company announced that Lord Ashcroft requisitioned
the holding of a general meeting of the Company to cancel the admission of the
Company's Ordinary Shares to trading on AIM, a proposal which the Board has
concluded is in the best interests of the Company and its Shareholders.

The Company today announces the proposed cancellation of its ordinary shares
of £0.05 each in the Company ("Ordinary Shares") to trading on AIM
("Cancellation"), the proposed re-registration (the "Re-Registration") as a
private company, the proposed adoption of new articles of association (the
"New Articles") and, together with the Cancellation and Re-Registration and
the New Articles, the "Proposals").

The Cancellation is conditional, pursuant to Rule 41 of the AIM Rules, upon
the approval of not less than 75 per cent. of the votes cast by Shareholders
(whether present in person or by proxy) at the General Meeting. The Company is
therefore seeking Shareholders' approval of the Proposals at the General
Meeting which will be convened for 9.30 a.m. on 5 February 2025 at the offices
of Fieldfisher LLP at Riverbank House, 2 Swan Lane, London EC4R 3TT.

The Company has today published a Circular to give notice of the General
Meeting. The Circular will be published on the Company's website
https://www.jaywing.com/views/investors/
(https://www.jaywing.com/views/investors/) and will be sent to shareholders
today, setting out the background to and reasons for the Proposals.

 

Expected Timetable

 

 Notice provided to the London Stock Exchange to notify it of the proposed
 Cancellation

                                                                                                                     10 January 2025

 Publication and posting of this document                                                                            10 January 2025

 Latest time and date for receipt of online proxy votes or completed Forms of
 Proxy in respect of the General

 Meeting

                                                                                                                     9.30 a.m. on 3 February 2025

 General Meeting                                                                                                     9.30 a.m. on 5 February 2025

 Expected last date and time for trading in Ordinary Shares on AIM                                                   6.00 p.m. on 12 February 2025

 Expected date of Cancellation                                                                                       7.00 a.m. on 13 February 2025

 Expected date of Re-registration                                                                                    By 13 February 2025

Jaywing plc

David Beck - Executive Chairman

Christopher Hughes (CFO and COO)

T: +44 (0)333 370 6500

 

SPARK Advisory Partners Limited (Nominated and Financial Adviser)

Matt Davis / James Keeshan

T: +44 (0) 20 3368 3552

 

Turner Pope (Broker)

James Pope / Andy Thacker

T: +44 (0) 20 3657 0050

 

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