REG - Starcrest Education - Notice of EGM

Starcrest Education The Belt & RoadAnnouncement

29/11/2021 13:00

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RNS Number : 9052T  Starcrest Education Limited  29 November 2021

 

29 November 2021

 

Starcrest Education Limited

("Starcrest" or the "Company" or the "Group")

 

Notice of EGM

 

Starcrest Education Limited (LSE: OBOR), the international developer and
operator of education services in Europe, announces an Extraordinary General
Meeting ("EGM") will be held on 2 December 2021 at 11:45 am (GMT) at the
offices of 125 Old Broad Street, London, EC2N 1AR. The Notice of EGM has been
published on the Company's website https://www.starcresteducation.com
(https://www.starcresteducation.com) .

In accordance with Article 19.1 of the articles of association of the Company,
prior written consent to short notice for the EGM has been obtained from
shareholders of the Company together holding 77.9% of the ordinary shares of
£0.01 each of the Company (the "Ordinary Shares").

The Board is convening an EGM to propose the following resolutions.

An ordinary resolution, to be authorised to exercise all the powers of the
Company to allot and issue ordinary shares of £0.01 each in the capital of
the Company (the "Consideration Shares") (being Equity Shares, as defined in
the Articles), in respect of the acquisition by the Company of part of the
share capital of National Training Company Limited ("NTC") from Guy Helman,
Guy Helman and Kim Winston as trustees of The Helman Family Trust, William
Bottriell, Elizabeth Mary Bottriell and Zedra Trust Company (UK) Limited as
trustees of The William Bottriell Discretionary Settlement and Ian Michael
Colletts and Cheryl Deborah Colletts as trustees of The NTC 2021 Trust (the
"Sellers") in such number and upon such terms as the Board may determine,
provided that the number of Consideration Shares to be allotted and issued to
the Sellers in exchange for them transferring their shares in NTC to the
Company, shall not exceed  50,000,000 Equity Shares.

A special resolution that the Board be authorized to exercise all the powers
of the Company to allot and issue ordinary shares of £0.01 each in the
capital of the Company ("Ordinary Shares") for cash, in such number and upon
such terms as the Board may determine, provided that the number of Ordinary
Shares that may be allotted and issued pursuant to this resolution shall not
exceed 450,000,000 Ordinary Shares.

 

Please be advised that any member entitled to attend and vote at the EGM shall
be entitled to appoint another person as proxy to attend and vote on their
behalf. The instrument appointing a proxy shall be signed or, in the case of a
transmission by electronic mail, electronically signed in a manner acceptable
to the chairman of the meeting. For a proxy appointment to be valid, your
appointment must be received by the Company no later than 9:00 am (GMT) on 1
December 2021.

- Ends -

 

Enquiries:

 

 Starcrest Education

 John McLean OBE, Non-Executive Chairman                 +44 (0) 7768 031454

 Allenby Capital Limited (Financial Adviser and Broker)

 John Depasquale                                         +44 (0) 20 3328 5657

 Vivek Bhardwaj

 Yellow Jersey PR (Financial PR)

 Sarah Hollins                                           +44 (0) 20 3004 9512

 Henry Wilkinson

 

 

Notes to editors:

Starcrest is an international developer and operator of education services in
Europe. The Company was established to seek acquisition opportunities in the
international education sector and to provide premier education services and
products in the UK and to countries in Europe.

 

Starcrest listed on the Main Market of the London Stock Exchange on 31 January
2019 under the ticker symbol (LSE: OBOR). Further information can be found on
the Company's website at https://www.starcresteducation.com
(https://www.starcresteducation.com) .

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