Business
Approval of Rule 9 waiver and General Meeting
Approval of Rule 9 waiver and General Meeting.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4075K Reabold Resources PLC 29 July 2013 \n \n\n \n \nFor immediate release 29 July 2013\nREABOLD RESOURCES PLC \n\"Reabold Resources\" or the \"Company\"\nPosting of Shareholder Circular\n\nApproval of waiver of obligations under Rule 9 of the City Code on Takeovers and Mergers and\nNotice of General Meeting\nReabold Resources announces that it is today posting a circular to Shareholders which includes the Notice of General Meeting of the Company to be held at 10.30 a.m. on 13 August 2013 at the offices of Kerman & Co LLP, 200 Strand, London WC2R 1DJ. \nThis circular is considered necessary to provide the Shareholders with detailed terms of the Loan Notes (notwithstanding that the Loan Notes were displayed in full at the AGM) and to highlight to the Shareholders that the Loan Notes may be converted into Ordinary Shares at any time rather than at any time after 31 December 2013 as set out in the AGM circular to shareholders dated 17 May 2013.\nAt the General Meeting, the Independent Shareholders will be asked to again approve a Rule 9 Waiver as approved by the Independent Shareholders at the AGM held 12 June 2013. The Rule 9 Waiver Resolution will be proposed as an ordinary resolution of Independent Shareholders to be taken by a poll.\nThe Directors are also required to present to the Shareholder the Company's accounts for the year ended 31 December 2012 and the reports of the directors and auditors on those accounts. Accordingly, Resolution 2 at the General Meeting, presents the accounts for ended 31 December 2012 to the Shareholders.\n1 The Lender and the Takeover Code\nAs announced by the Company on 21 December 2012, the Company has entered into the Loan Notesfor a sum up to £260,000 with the Lender. To date, the Company has dra...