Business
General Meeting Revised Arrangements
General Meeting Revised Arrangements.
About this update from Pci-pal Plc
[{"type":"text","content":"\n \n \n RNS Number : 5006I\n PCI-PAL PLC\n 02 April 2020\n \n \n \n \n PCI-PAL PLC\n GENERAL MEETING CONVENED FOR 17 APRIL 2020\n REVISED ARRANGEMENTS\n \n THIS ANNOUNCEMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.\n • Attendance in person at the general meeting is no longer possible\n • Shareholders to vote in advance by proxy\n \n On 27 March 2020, PCI-PAL plc (the \"Company\") announced a conditional placing to raise gross proceeds of approximately £5 million through the issue of 16,666,667 new ordinary shares of £0.01 each in the capital of the Company (the \"Placing Shares\"). Admission of the Placing Shares to trading on AIM (\"Admission\") is conditional upon (amongst other things) shareholder approval at the general meeting of the Company to be held at the offices of the Company at 7 Gamma Terrace, Ransomes Europark, Ipswich, Suffolk IP3 9FF at 11a.m. on 17 April 2020 (the \"General Meeting\"). A circular (the \"Circular\"), together with the notice convening the General Meeting (the \"Notice\"), was posted to shareholders on 30 March 2020. \n IMPORTANT UPDATE ON THE GENERAL MEETING\n As announced on 27 March and in the Circular, the directors of the Company are closely monitoring all developments relating to COVID 19 including the measures mandated by the UK Government regarding public health, public gatherings and travel. At present, there is a legal prohibition on public gatherings of more than two people, subject to two limited exceptions, namely, where the gathering is of a group of people who live together and where the gathering is essential for work purposes or to fulfil legal obligations.\n \n Based on recent guidance published by The Chartered Governance Institute and reviewed by the UK Department for Business, Energy and Industrial Strategy, the directors of the Company understand that attendance at the meeting would not be considered \"essential for work purposes\" or required to fulfil legal obligations. As a consequence, and unless the legal restrictions of public gatherings are lifted ahead of the General Meeting, the directors of the Company are implementing the following revised arrangements for the General Meeting.\n Revised arrangements \n The General Meeting will now be convened with the minimum quorum of shareholders present i...