Iconic Labs PLC Notice of AGM (3408A)

TIDMICON

RNS Number : 3408A

Iconic Labs PLC

19 January 2024

Iconic Labs PLC

("Iconic" or the "Company")

Notice of AGM

Iconic Labs PLC (LSE: ICON) announces that its Annual General Meeting ('AGM') will be held on Tuesday, 13 February 2024 at 12 noon 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/ .

Amongst others, a special resolution at the AGM will be proposed seeking the approval of Shareholders to a share capital reorganisation.

For some time, the shares of the Company have been trading at below nominal value of GBP0.10. The issue of new ordinary shares in the Company at a price which is less than nominal value is prohibited by the UK Companies Act. The Board, therefore, considers it prudent to seek the approval of shareholders to a sub-division and conversion of each existing ordinary share of GBP0.10 ("Existing Ordinary Shares") into one new ordinary share of GBP0.0001 (a "New Ordinary Share") and one deferred share of GBP0.0999 (a "Deferred Share") (each such Deferred Share having no voting or dividend rights and effectively being worthless) in order that the nominal value of a New Ordinary Share is less than the price of a share in the market. This will enable the Company to raise funds in the future by issuing further shares, should the Directors elect to do so. By effecting this share capital reorganisation in this way, the Company's issued share capital remains the same and similarly, the nominal value of a Shareholder's shareholding will remain unchanged.

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 
 
Publication and posting of the AGM Notice                   19 January 2024 
Latest time and date for receipt by Registrars        12 noon on 9 February 
 of Form of Proxy in respect of the Annual                             2024 
 General Meeting 
Annual General Meeting                               12 noon on 13 February 
                                                                       2024 
Record Date for the Share Capital Reorganisation     6.00 pm on 13 February 
                                                                       2024 
Effective Date for the Share Capital Reorganisation  8.00 am on 14 February 
                                                                       2024

- 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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END

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(END) Dow Jones Newswires

January 19, 2024 10:49 ET (15:49 GMT)

Iconic Labs (LSE:ICON)
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