Iconic Labs PLC Notice of AGM (4036I)
2023年8月5日 - 12:19AM
RNSを含む英国規制内ニュース (英語)
TIDMICON
RNS Number : 4036I
Iconic Labs PLC
04 August 2023
V2 YJ [04.08.23]
04 August 2023
Iconic Labs PLC
("Iconic" or the "Company")
Notice of AGM and Proposed Share Consolidation
Iconic Labs PLC (LSE: ICON) announces that its Annual General
Meeting ('AGM') will be held on Friday, 25 August 2023 at 3.00 p.m.
at the offices of RWK Goodman, 69 Carter Lane, London, EC4V
5EQ.
The Notice of AGM has been posted to Shareholders and will be
available to view shortly on the Company's website at:
https://www.iconiclabs.co.uk/documents/ .
Introduction
The Board proposes to consolidate the Company's share capital
with the aim of improving the marketability of the ordinary
shares.
The purpose of this document is to provide you with details of
the Share Consolidation to be proposed to Shareholders at the
forthcoming Annual General Meeting.
Background to and reasons for the Share Consolidation
As at the date of this document, the Company has 46,306,916,660
Existing Ordinary Shares in issue. The primary objective of the
consolidation is to reduce the number of ordinary shares, with the
intention of creating a higher share price per ordinary share in
the capital of the Company, which the Board believes will make the
Company and the ordinary shares more attractive to a broader range
of investors.
It is therefore proposed that the 46,306,916,660 Existing
Ordinary Shares of GBP0.00001 each are consolidated on a 10,000 for
1 basis, such that every 10,000 Existing Ordinary Shares are
consolidated into 1 ordinary share of GBP0.1 in nominal value. It
is intended that additional New Ordinary Shares will be allotted,
following the AGM so that the total number of Existing Ordinary
Shares is exactly divisible by 10,000 for the share consolidation.
Assuming a share capital of 46,306,916,660 Existing Ordinary Shares
immediately prior to the Record Date, following completion of the
Share Consolidation, the Company will have 4,630,692 New Ordinary
Shares in issue.
Application will be made in accordance with the Main Market
Rules for the New Ordinary Shares arising from the Share
Consolidation to be admitted to trading on the Main Market, subject
to Shareholders passing Resolution 9 at the Annual General Meeting.
It is expected that if such Resolution is passed, Admission in
respect of such New Ordinary Shares will become effective and that
dealings in those New Ordinary Shares will commence on 28 August
2023.
No Shareholder will be entitled to a fraction of a New Ordinary
Share. Instead, their entitlement will be rounded down to the
nearest whole number of New Ordinary Shares. Remaining fractional
entitlements to New Ordinary Shares will be aggregated and sold on
behalf, and for the benefit of, the Company. If a Shareholder holds
fewer than 10,000 Existing Ordinary Shares at the Record Date, then
the rounding down process will result in that Shareholder being
entitled to zero New Ordinary Shares and as a result of the Share
Consolidation they will cease to hold any Ordinary Shares.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
2023
Posting of the AGM Notice 2 August
Latest time and date 3.00 p.m. on 23 August
for receipt of forms
of proxy for the Annual
General Meeting
Annual General Meeting 3.00 p.m. on 25 August
Announcement of the 25 August
result of the Annual
General Meeting
Record Date in respect 6.00 p.m. on 25 August
of the Share Consolidation
and final date for trading
in Existing Ordinary
Shares
Admission expected to 8.00 a.m. on 29 August
become effective and
dealings expected to
commence in the New
Ordinary Shares on the
Main Market
CREST accounts expected 29 August
to be credited in respect
of New Ordinary Shares
in uncertificated form
Expected date by which By the week commencing 11 September
certificates in respect
of New Ordinary Shares
are to be despatched
to certificated Shareholders
- Ends -
For more information, please contact:
Iconic Labs Tel: +44 (0) 7462 156238
Brad Taylor, Chief Executive
Officer
Novum Securities Limited Tel: +44 (0) 20 7399 9400
David Coffman / Daniel
Harris
Yellow Jersey PR Tel: +44 (0) 20 3004 9512
Sarah Hollins iconic@yellowjerseypr.com
Annabelle Wills
Bessie Elliot
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