REG - Satsuma Tech PLC - Update

Satsuma TechnologyAnnouncement

06/05/2026 13:00

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RNS Number : 2757D  Satsuma Technology PLC  06 May 2026

 

 

This announcement contains information which, prior to its disclosure, was
inside information as defined under assimilated Regulation (EU) No. 596/2014
which is part of the laws of the United Kingdom by virtue of the European
Union (Withdrawal) Act 2018 (as amended). Upon the publication of this
announcement via a Regulatory Information Service, this inside information is
now considered to be in the public domain.

 

 

 

6 May 2026

 

Satsuma Technology Plc

('Satsuma' or the 'Company')

 

Shareholder Update

 

Satsuma Technology PLC (LSE: SATS), the UK Main Market listed Bitcoin treasury
company, notes that it has received representations from a group of
shareholders representing in excess of 20% of the Company's issued share
capital requesting that resolutions be put to shareholders to effect a return
of all or a substantial proportion of the Company's capital.

In order to allow all shareholders the opportunity to consider and vote on the
matters raised, the Board intends to convene a General Meeting as soon as
practicable at which the relevant resolutions will be put. The Board notes
that any resolution to effect a return of capital will require the approval of
not less than 75% of the votes cast and that the return of capital itself can
only be implemented following an application to the Court in the United
Kingdom to create the necessary distributable reserves.

A circular convening the General Meeting, setting out the resolutions in full
and the Board's recommendation to shareholders, will be published as soon as
practicable.  The circular will set out in detail the Board's view of the
various alternatives available to the Company.

The Board confirms that the Company continues to operate normally with  a
continued focus on further cost reduction, and that its Bitcoin treasury and
operational activities are unaffected by the convening of a General Meeting.
Shareholders are advised to take no action at this time and to await the
circular.

Further announcements will be made as appropriate.

Enquiries:

Satsuma Technology Plc
 
IR@satsuma.digital (mailto:IR@satsuma.digital)

 

About Satsuma Technology PLC (SATS.L)

Satsuma Technology PLC (LSE: SATS) is a UK Main Market listed Bitcoin treasury
company. The Company's strategy is the acquisition and long-term holding of
Bitcoin as its primary treasury reserve asset, complemented by the development
of Bitcoin-aligned operational activities.

 

Website: www.satsuma.digital (http://www.satsuma.digital)

 

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