REG - Reach PLC - Notice of GM

ReachAnnouncement

20/10/2023 11:45

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RNS Number : 7185Q  Reach PLC  20 October 2023

 

20 October 2023

 

Reach plc

("the Company")

Proposed Capital Reduction

and

Notice of General Meeting

Further to the announcement made on 10 October 2023, the Company today is
posting a circular to shareholders (the Circular) in connection with a
proposed cancellation of the balance standing to the credit of the Company's
share premium account (the Capital Reduction).

The share premium account of the Company currently has a credit balance of
£605,410,480.30. The Company proposes, subject to approval by shareholders,
to apply to the Court to confirm the Capital Reduction. The reserve arising on
the Capital Reduction would be credited to the profit and loss account of the
Company to create distributable reserves.

The Capital Reduction is conditional upon the approval of the Company's
shareholders and approval by the High Court of Justice in England and Wales.
The Capital Reduction will only become effective if the resolution to approve
the Capital Reduction is passed by shareholders at the general meeting, the
Court confirms the Capital Reduction and the order of the Court confirming the
Capital Reduction is delivered to, and registered by, the Registrar of
Companies in England and Wales.

Accordingly, the Circular contains a notice convening a general meeting of the
Company's shareholders (the Notice of General Meeting), which is to be held on
Wednesday, 15 November 2023 at 10.00 a.m. at Norton Rose Fulbright LLP's
office at 3 More London, Riverside, London SE1 2AQ, UK, at which a special
resolution will be proposed to approve the Capital Reduction.

Shareholders are invited to submit any questions relevant to the business of
the general meeting via email to company.secretary@reachplc.com or in writing
to General Meeting Questions, c/o Company Secretary, Reach plc, One Canada
Square, Canary Wharf, London E14 5AP by 10.00 a.m. on Friday, 3 November 2023.
Answers of which will be posted on the Company's website as soon as
practicable, and no later than Wednesday, 8 November 2023.

The Circular and the Notice of General Meeting have been published on the
Company's website at www.reachplc.com (http://www.reachplc.com) .

 

 

 Enquiries
 Reach plc
 Jim Mullen, Chief Executive Officer                                                 020 7293 3000

 Darren Fisher, Chief Financial Officer

 Lorraine Clover, Company Secretary

 Teneo

 David Allchurch/Giles Kernick                                                       020 7353 4200

 LEI: 213800GNI5XF3XOATR61

 Classification: 3.1 Additional regulated information required to be disclosed
 under the laws of the United Kingdom

 

 

 

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