Business
Publication of Circular and Notice of GM
Publication of Circular and Notice of GM.
About this update from Hollywood Bowl Group Plc
[{"type":"text","content":"\n\n \nHollywood Bowl Group plc\n(\"Hollywood Bowl\" or the \"Company\")\n \nPublication of Circular and Notice of General Meeting\n \nThe board of directors (the \"Board\") of Hollywood Bowl has become aware of a technical issue in respect of the Company's procedures for the payment of the final dividend of 8.08 pence per share approved by shareholders at the Company's last annual general meeting held on 30 January 2025 and paid to shareholders on 21 February 2025 (with a record date of 31 January 2025) (the \"Final Dividend\") and certain purchases of the Company's own shares during the period commencing 18 February 2025 and ending 27 February 2025 (the \"Buy-backs\") (the Final Dividend and the Buy-backs together the \"Relevant Distributions\"). This has resulted in a technical infringement of the Companies Act 2006 (the \"Act\").\n \nThe Company has always filed its statutory accounts on time in accordance with the requirements of the Act, and at all times had sufficient profits and other distributable reserves to pay the Relevant Distributions. However, whilst it prepared interim accounts evidencing the distributable profits necessary to satisfy payment of the Relevant Distributions, the Company omitted to deliver those interim accounts to Companies House to satisfy the procedural requirements of the Act before making the Relevant Distributions. Therefore, regrettably, the Relevant Distributions were made otherwise than in accordance with the Act. The relevant interim accounts were delivered to Companies House on 28 February 2025.\n \nThis technical omission only affected the Relevant Distributions and did not affect any other distributions made by the Company. There is also no change to the financial out...