REG - Trustpilot Group PLC - Notice of AGM, Proposed Share Premium Account Canc

TrustpilotAnnouncement

18/04/2024 16:45

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RNS Number : 2202L  Trustpilot Group PLC  18 April 2024

18 April 2024

 

 

Trustpilot Group plc ("Trustpilot" or the "Company")

 

Notice of Annual General Meeting and Proposed Share Premium Account
Cancellation

Trustpilot announces that it today posted, or otherwise made available, a
circular to shareholders (the "Notice of AGM"), incorporating its notice of
annual general meeting (the "AGM"), which includes, in addition to customary
business, information and a resolution regarding a proposed share premium
account cancellation.  The AGM will be held at 1.00 p.m. on Tuesday, 21 May
2024 at 5(th) Floor, The Minster Building, 21 Mincing Lane, London, EC3R 7AG,
United Kingdom.

If it becomes effective, the proposed cancellation of the Company's share
premium account would create additional distributable reserves which (subject
to any arrangements required, and any directions given, by the High Court of
Justice in England and Wales (the "Court"), in confirming the cancellation)
would provide the Company with flexibility to conduct future share
repurchases, pay dividends and make other distributions where considered
appropriate by the Board in accordance with the Company's capital allocation
policy, and where permitted by the Companies Act 2006.

The cancellation of the Company's share premium account requires the passing
of the special resolution set out in the Notice of AGM by the Company's
shareholders, as well as the subsequent confirmation by the Court of the
cancellation (as further described in the Notice of AGM).

The Notice of AGM will shortly be submitted to the FCA's National Storage
Mechanism and will be available for inspection on its website
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdata.fca.org.uk%2F%23%2Fnsm%2Fnationalstoragemechanism&data=02%7C01%7Clisa.daniels%40jupiteram.com%7Cf244af61eb4342ff721c08d7e778ef08%7C70e1a0b75bf5416b96c4f244fca5ae53%7C0%7C0%7C637232378919258219&sdata=fkIXUD3TfG1QwIU03eZwSbCu%2F%2BJXhUpLsZd6lA32jVU%3D&reserved=0)
. The Notice of AGM will also be available for viewing on the Company's
website at https://investors.trustpilot.com (https://investors.trustpilot.com)
.

Timetable

 

If shareholders approve the proposed share premium account cancellation, then
the Directors intend to apply to the Court shortly after the AGM to commence
the Court process in respect of the confirmation of the share premium account
cancellation. Subject to the Court's availability and the Court process, it is
anticipated that the Court hearings to consider and confirm the share premium
account cancellation will be held during June 2024.

 

 

 

Enquiries:

 Trustpilot:             Louise Bryant, Head of Investor Relations

                          +44 20 8135 2208

 Headland Consultancy:   Stephen Malthouse

                         Charlie Pepper

                         +44 (0)73 1136 9861

 

 

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