Business
Change of Name & Notice of General Meeting
Change of Name & Notice of General Meeting.
About this update from Insig Ai Plc
[{"type":"text","content":"\n \nRNS Number : 4854B Ultimate Sports Group PLC 31 January 2020 \n\n \nThe information communicated within this announcement is deemed to constitute inside 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 \n31 January 2020\n \nUltimate Sports Group PLC\n(\"USG\" or the \"Group\")\nStrategy Update, Proposed Name Change & \nNotice of General Meeting\n \nUltimate Sports Group PLC, the AIM listed investment vehicle, is pleased to provide an update on its strategy and to announce its intention to change its name to Catena Group PLC. \n \nSince Matthew Farnum-Schneider's appointment as Chief Executive, the Group has been assessing a number of investment opportunities in high growth markets. The Group is today announcing that it is in advanced discussions in relation to a potential investment into an artificial intelligence company which provides machine learning solutions to asset managers and other financial services companies. These discussions are currently on a non-binding basis and there is no guarantee they will result in a transaction. The Group will provide further updates as and when appropriate.\n \nTo reflect the new strategic focus, the Group is proposing to change its name to Catena Group PLC. This change will require shareholder approval and accordingly, a Notice of a General Meeting to be held at 10.00am on 17 February 2020 at the Group's offices at Moor Place - WeWork, 1 Fore Street, London EC2Y 9DT has today been sent to shareholders. The Notice of General Meeting will also be available on the Group's existing website at: www.ultimatesportsgroup.me. Upon shareholder approval, the Group's TIDM code will change to CTNA and the Group's website will change to: www.catenagroup.co.uk. The Group's ISIN number (GB00BYV31355) will remain unchanged. Further details on the timing of these changes will be provided shortly after the General Meeting.\n \nThe proposed change of company name will not affect the rights of shareholders and all existing share certificates should be retained as they will remain valid; no new share certificates will be issued. \n \nThe Group is also pleased to report that based on un-aud...