Business
Notice Of General Meeting
Notice Of General Meeting.
About this update from Aeorema Communications Plc
[{"type":"text","content":"\n \n \n The Information communicated within this announcement is deemed to constitute information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \n \n \n \n Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media\n \n \n \n \n \n 21 March 2023\n \n \n \n \n \n \n \n \n \n Aeorema Communications plc ('Aeorema' or 'the Company' or 'the Group')\n \n \n \n \n Notice Of General Meeting\n \n \n \n Aeorema Communications plc, a leading strategic communications group based in London, New York City and Amsterdam, announces a Notice of General Meeting (\"GM\") has been posted to its shareholders.\n \n \n \n \n \n At the GM, which will be held at 87 New Cavendish Street, London W1W 6XD on 11 April 2023 at 10.00 a.m, the Company will ask shareholders of the Company (\"Shareholders\") to consider, vote on, and approve a resolution surrounding a short-term loan in the amount of £40,000 with Steve Quah, a director of the Company, which allowed him to exercise options for 300,000 shares and increase his commitment to the Company.\n \n \n \n \n \n As a result of exercising these share options, Steve now owns 781,010 shares in the Company, as announced by the Company on 16 December 2022. The Loan was entered into in December 2022, repayable on demand, and has now been repaid in full (the \"Loan\").\n \n \n \n \n \n The reason the Company is calling a GM is that since entering into the Loan, it came to the attention of the Company that in accordance with the Companies Act 2006 (the \"CA\") such a transaction may have required the prior approval of the Shareholders.\n \n \n \n \n \n The Company relied on legal advice at the time the Loan was made and that advice has now been revised to suggest that it would be preferable to have shareholder approval for the Loan. As such approval had not been sought, it is proposed that the transaction now be affirmed by the Shareholders in a GM in accordance with the CA.\n \n \n \n \n \n A covering letter and the Notice of GM as dispatched to Shareholders is available to view on the Company's website\n \n \n www.aeorema.com\n \n \n \n \n \n \n \n \n For further information contact:\n \n \n \n \n \n \n \n M...