Business
Further re: Notice of Extraordinary General M...
Further re: Notice of Extraordinary General M....
About this update from Kr1 Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n Thursday, 11 April 2024KR1 plc(“KR1” or the “Company”) Further re: Notice of Extraordinary General Meeting - Amendments to Resolution Further to the Company's announcement of 10 April 2024 regarding the convening of an Extraordinary General Meeting of the Company for 10.00 a.m. on 29 April 2024, the Company announces its intention to amend the Resolution to be proposed at the EGM to clarify the minimum and maximum price at which the Company may make market acquisitions of its Ordinary Shares pursuant to the Resolution and to correct minor typographical errors. No new notice of EGM will be published and the amendments to the Resolution will be effected by a motion to be passed at the EGM. Furthermore, no new Form of Proxy will be posted to Shareholders. The full text of the amended Resolution is set out below: \"That, without prejudice to, and in addition to and not in substitution for, any existing authorities, the Company be and is hereby authorised, in accordance with the Isle of Man Companies Act 2006 (as amended), to make market acquisitions of ordinary shares in the capital of the Company (\"Ordinary Shares\"), provided that:(a) the maximum aggregate number of Ordinary Shares hereby authorised to be purchased is 26,587,691 Ordinary Shares, being 14.99% of the issued number of Ordinary Shares (excluding treasury shares) at the date of this document or, if lower, such number as is equal to 14.99% of the issued number of Ordinary Shares at the date of passing this resolution;(b) the minimum price which may be paid for an Ordinary Share is £0.0019 (being the nominal value of an Ordinary Share);(c) the maximum price (exclusive of expenses) which may be paid for an Ordinary Share is the higher of:(i) 105% of the average of the middle market quotations for an Ordinary Share (as derived from th...