Beacon Rise Holdings
PLC
(incorporated and registered in England and
Wales with registered number 13620150)
(the Company)
NOTICE OF GENERAL
MEETING
Notice is hereby given that a General Meeting
(Meeting) of Beacon Rise
Holdings PLC (Company) will
be held at Meeting Room 1, 8 Hermitage St, London, W2 1BE, on
28th February 2024 at 2:30pm.
BACKGROUND
The board of directors of the Company (the
Board) notes that, the
Company's entire issued share capital was admitted to the Official
List of the Financial Conduct Authority (the FCA) and was admitted to trading by way
of Standard Listing on the Main Market of the London Stock Exchange
on 25 March 2022 (Admission), following the publication
of a prospectus prepared in accordance with the Prospectus
Regulation Rules of the FCA made under section 73A of the Financial
Services and Markets Act 2000 (FSMA) and approved by the FCA under
section 87A of FSMA (the Prospectus). The Prospectus
stated that, within the first 24 months following Admission, the
Company would target acquisitions which would be in the form of a
merger, capital stock exchange, asset acquisition, stock purchase,
scheme of arrangement, reorganisation or similar business
combination of an interest in an operating company or business or
asset (Acquisition).
The Board further notes that, pursuant to
paragraph 4 of Part I of the Prospectus (The Company's Strategy - Capital and returns
management), if an Acquisition had not been announced within
24 months of Admission, the directors of the Company would
recommend to the shareholders of the Company either, to continue to
pursue an Acquisition for a further 12 months from such date or,
that the Company be wound up (in order to return capital to
shareholders of the Company, to the extent assets are available).
The Board noted that, their recommendation must be subject to a
vote of the shareholders of the Company, from which the directors
holding ordinary shares in the capital of the Company must
abstain.
Given no suitable target has been found in the
period since Admission, the Board is of the view that the Company
should continue to pursue an Acquisition for a further 12
months.
At the Meeting, you will be asked to consider
and vote on the resolution below to approve the Company's continued
pursuit of an Acquisition for a further 12 months from the date of
25 March 2024. This resolution will be proposed as an ordinary
resolution.
ORDINARY RESOLUTION
THAT, the Company
shall continue to pursue a suitable acquisition target, whether in
the form of a merger, capital stock exchange, asset acquisition,
stock purchase, scheme of arrangement, reorganisation or similar
business combination of an interest in an operating company or
business or asset, for a further 12 months, being the period from
25 March 2024 to 24 March 2025.
By order of the Board
Xiaobing Wang
Director
Beacon Rise Holdings
PLC
(incorporated and registered in England and
Wales with registered number 13620150)
NOTES TO THE NOTICE OF GENERAL
MEETING
1
Appointment of proxies
1.1
If you are a shareholder who is entitled to attend and vote at the
meeting, you are entitled to appoint one or more proxies to
exercise all or any of your rights to attend, speak and vote at the
meeting and you should have received a proxy form with this notice
of meeting. A proxy does not need to be a shareholder of the
Company but must attend the meeting to represent you. You can only
appoint a proxy using the procedures set out in these notes and the
notes to the proxy form.
1.2
You may appoint more than one proxy provided each proxy is
appointed to exercise the rights attached to a different share or
shares held by that shareholder. To appoint more than one proxy,
please contact the Company by email at info@beaconrise.uk. You will
need to state clearly on each proxy form the number of shares in
relation to which the proxy is appointed. If you wish your proxy to
speak on your behalf at the meeting you will need to appoint your
own choice of proxy (not the chairman) and give your instructions
directly to them.
2
Appointment of proxy by post
2.1
The notes to the proxy form explain how to direct your proxy how to
vote on the resolution.
2.2
To appoint a proxy using the proxy form, the form must
be:
(a)
completed and signed;
(b)
sent or delivered to the Company at its registered office;
and
(c)
received by the Company no later than 9am UK time on
26th February 2024.
2.3
Any power of attorney or any other authority under which the proxy
form is signed (or a duly certified copy of such power or
authority) must be included with the proxy form.
3
Appointment of proxies electronically
3.1
As an alternative to completing the hard-copy proxy form, you can
appoint a proxy electronically by emailing a copy of the proxy form
to info@beaconrise.uk. For an electronic proxy appointment to be
valid, your appointment must be received by the Company no later
than 9am UK time on 26th February 2024.
3.2
This email address should not be used for any other purposes unless
expressly stated.
4
Changing proxy instructions
4.1
Shareholders may change proxy instructions by submitting a new
proxy appointment using the methods set out above. Note that the
cut-off time for receipt of proxy appointments also apply in
relation to amended instructions; any amended proxy appointment
received after the relevant cut-off time will be
disregarded.
4.2
Where you have appointed a proxy using the hard-copy proxy form and
would like to change the instructions using another hard-copy proxy
form, please contact info@beaconrise.uk.
4.3
If you submit more than one valid proxy appointment, the
appointment received last before the latest time for the receipt of
proxies will take precedence.
5
Termination of proxy appointment
5.1 A
shareholder may change a proxy instruction but to do so you will
need to inform the Company in writing by either:
(a)
Sending a signed hard-copy notice clearly stating your intention to
revoke your proxy appointment to the Company. In the case of a
shareholder which is a company, the revocation notice must be
executed under its common seal or signed on its behalf by an
officer of the company or an attorney for the company. Any power of
attorney or any other authority under which the revocation notice
is signed (or a duly certified copy of such power or authority)
must be included with the revocation notice.
(b)
Sending an email to info@beaconrise.uk.
5.2
In either case, the revocation notice must be received by the
Company no later than 9am UK time on 26th February
2024.
5.3
If you attempt to revoke your proxy appointment but the revocation
is received after the time specified, your original proxy
appointment will remain valid unless you attend the meeting and
vote in person.
5.4
Appointment of a proxy does not preclude you from attending the
meeting and voting in person. If you have appointed a proxy and
attend the Meeting in person, your proxy appointment will
automatically be terminated.
6
Communication
6.1
Except as provided above, shareholders who have general queries
about the meeting should contact info@beaconrise.uk (no other
methods of communication will be accepted).
6.2
You may not use any electronic address provided either:
(a)
in this notice of general meeting; or
(b)
any related documents (including the proxy form),
to communicate with the Company for any purposes
other than those expressly stated.
