i3 Energy PLC Announces Reduction of Capital - Seite 3
There will be no change in the number of Ordinary Shares in issue (or their nominal value) following the implementation of the Capital Reduction and no new share certificates will be issued as a result of the Capital Reduction. The Capital Reduction itself will not involve any distribution or repayment of capital or share premium by the Company and will not reduce the underlying net assets of the Company. The distributable reserves arising on the Capital Reduction will, subject to the discharge of any undertakings required by the Court as explained below, support the Company's ability to pay dividends.
The Directors reserve the right to abandon or discontinue any application to the Court for confirmation of the Capital Reduction if the Directors believe that the terms required to obtain confirmation are unsatisfactory to the Company or if, as the result of a material unforeseen event, the Directors consider that to continue with the Capital Reduction would be inappropriate or inadvisable.
A detailed description of the business to be conducted at the GM will be provided in the Circular.
Notes
1. All times shown are London times unless otherwise stated.
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Enquiries:
i3 Energy plc Majid Shafiq (CEO) |
c/o Camarco Tel: +44 (0) 203 757 4980 |
WH Ireland Limited (Nomad and Joint Broker) James Joyce, Darshan Patel |
Tel: +44 (0) 207 220 1666 |
Tennyson Securities (Joint Broker) Peter Krens |
Tel: +44 (0) 207 186 9030 |
Stifel Nicolaus Europe Limited (Joint Broker) Ashton Clanfield, Callum Stewart |
Tel: +44 (0) 20 7710 7600 |
Camarco Andrew Turner, Violet Wilson, Sam Morris |
Tel: +44 (0) 203 757 4980 |