Business
Notice of GM
Notice of GM.
About this update from Pri0r1ty Intelligence Group Plc
[{"type":"text","content":"\n\nAlteration Earth PLC\n(the \"Company\" or \"ALTE\")\nPosting of Circular and General Meeting Notice\nThe Company is today issuing a shareholder circular (\"Circular\") convening, and explaining the reasons for, a general meeting of the Company (\"General Meeting\") to consider and, if thought fit, approve the following proposed measures:\n- Acquisition by the Company of the issued share capital and warrants of Pri0r1ty AI plc (to be re-registered as Pri0r1ty AI Limited) (the \"Target\")\n- Directors' powers to allot ordinary shares\n- Appointment of new directors to the board of the Company\n- Disapplication of pre-emption rights\n- Change of name to Pri0r1ty Intelligence Group PLC\n- Adoption of new articles of association\nThe above matters are expected to take effect on or shortly before completion of the Acquisition of the Target (as detailed under the heading Introduction below). Completion of the Acquisition remains conditional on a number of matters as outlined in the Circular including completion of the Fundraise (as detailed under the heading Fundraise below).\nThe Circular also contains notice of the General Meeting convened for 13 December 2024 at which the above measures are to be considered.\nThe explanatory letter from Matthew Beardmore, Director of ALTE, which forms part of the Circular, sets out the Directors' reasoning for the Acquisition (as defined in the Circular). The Circular is a detailed document, and shareholders are urged to read it carefully in full. Extracts from the Circular are provided below.\nIntroduction\nI am writing to inform you that the board of directors (\"Board\" or \"Directors\") is seeking Shareholder approval for the proposed acquisition by the Company of the entire issued and to be issued share capital and warrants of Pri0r1ty AI plc (to be re-registered as Pri0r1ty AI Limited) (the \"Target\"), which comprises a reverse takeover (\"RTO\") for the purposes of the UK Listing Rules, substantially on the terms and subject to the conditions set out in the Share Purchase Agreement (as defined in the Circular) (the \"Acquisition\"), and certain ancillary matters relating to the Acquisition (together, the \"Proposals\").\nThe purpose of the Circul...