Business
Notice of GM and Proposed Capital Reduction
Notice of GM and Proposed Capital Reduction.
About this update from Ingenta Plc
[{"type":"text","content":"\n \nRNS Number : 9806C Ingenta PLC 26 January 2018 \n\n26 January 2018\nINGENTA PLC\n(\"Ingenta\" or the \"Company\")\nPosting of Circular and Notice of General Meeting for Proposed Capital Reduction\nIngenta plc (AIM: ING), a leading provider of world-class software and services to the global publishing industry, announces that it will today post to shareholders a circular (the \"Circular\") in connection with a proposed capital reduction of the Company's share premium account (the \"Capital Reduction\"), including a notice of a General Meeting to be held at 10:30 a.m. on 19 February 2018 for the purpose of approving the Capital Reduction by means of a special resolution of Shareholders (\"Resolution\").\nThe Resolution being proposed, as set out in the notice of General Meeting, seeks to cancel Ingenta's share premium account, with a view to creating additional distributable reserves. While the Company is not making a specific proposal, nor has any decision been taken as to the use of any such distributable reserves, this will have the effect of increasing Ingenta's flexibility to pay dividends, to facilitate any prospective buyback of shares or to provide flexibility for any other matter requiring the distribution of the Company's distributable reserves, subject to the financial performance of the Company.\nThe proposal is conditional upon both the passing of the Resolution and Court approval being obtained. Following the implementation of the Capital Reduction, there will be no change to the nominal value of the ordinary shares nor to the number of the Company's ordinary shares in issue. No new share certificates will be issued as a result of the Capital Reduction.\nThe Circular and notice of General Meeting will shortly be made available on the Company's website at www.ingenta.com.\n \nFor further information please contact:\nDavid Montgomery\nJon Sheffield\nIngenta plc, Tel: 01865 397 800\n \nNicholas Wells\nElizabeth Bowman\nCenkos Securities plc, Tel: 0207 397 8900\n \nEXPECTED TIMETABLE OF PRINCIPAL EVENTS\n\n\n\n\nPublication of the Circular\n\n\n26 January 2018\n\n\n\n\nLatest time and date for receipt of Form of Proxy for General Meeting\n\n\n10:30 a.m. on 16 February 2018\n\n\n\n\nGeneral Meeting \n\n\n10:30 a.m. on 19 February 2018\n\n\n\n\nCourt hearing to confirm the Capital Reduction\n\n\n&...