Business
Proposed Return of Capital and Notice of GM
Proposed Return of Capital and Notice of GM.
About this update from Nexus Infrastructure Plc
[{"type":"text","content":"\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU 596/ 2014) AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED\n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n 28 February 2023\n \n \n Nexus Infrastructure plc\n \n \n (\"Nexus\" or the \"Company\" or the \"Group\")\n \n \n Proposed Return of Capital of up to £63m by way of a Tender Offer at 163 pence per Ordinary Share \n \n \n and\n \n \n Notice of General Meeting\n \n \n \n \n \n On 3 February 2023 Nexus Infrastructure plc (\n \"\n Nexus\n \"\n ) announced the completion of the disposal of two of its divisions, TriConnex and eSmart Networks, to FitzWalter Capital for £77.7 million (the \"Disposal\"). Today, the Company announces its intention to return £63 million from the net proceeds of the Disposal to shareholders by way of a fixed price Tender Offer at 163 pence per Ordinary Share. A circular is expected to be posted and made available on the Company's website today detailing the terms of the Tender Offer for up to a maximum of 38,650,306 Ordinary Shares representing approximately 83.7 per cent. of the Company's Issued Share Capital at the Record Date\n [1]\n .\n \n \n The Circular sets out the terms of the Tender Offer and incorporates a notice of a General Meeting to be held at 10.00 a.m. on\n 17 March 2023 at\n the Company's registered office at Nexus Park Avenue East, Skyline 120, Great Notley, Braintree, Essex, England, CM77 7AL\n . A Tender Form for use by Shareholders who hold their Ordinary Shares in certificated form in connection with the Tender Offer will also be despatched. Shareholders that hold their Ordinary Shares electronically through CREST and wish to tender such Ordinary Shares, must make your tender electronically through CREST.\n \n \n Terms of the Tender Offer:\n \n \n ·\n The Tender Offer will be conducted at a price of 163p per Ordinary Share (the \"Tender Price\")\n \n \n ·\n The Tender Offer will be open to all Qualifying Shareholders, being Shareholders on the Register on the Record Date (being 6pm 17 March 20...