Business
Proposed Share Consolidation & Notice of AGM
Proposed Share Consolidation & Notice of AGM.
About this update from React Group Plc
[{"type":"text","content":"\n\n \nREACT Group plc\n(\"REACT\" or the \"Company\")\n \nProposed Share Consolidation & Notice of AGM\n \nThe Board of REACT (AIM: REAT), the leading specialist cleaning, hygiene and decontamination company, announces that it has posted a circular to shareholders detailing the Board's proposal to consolidate the Company's share capital with the aim of improving the marketability of the Ordinary Shares. The Circular also contains the Notice of the Annual General Meeting to be held at midday on Thursday 28th March 2024 in the Bishops Suite at Novotel London Blackfriars, 46 Blackfriars Road, London SE1 8NZ.\n \nExtracts from the Circular in connection with the Share Capital Consolidation can be found below. Capitalised terms in this announcement will have the same meaning as set out in the Circular.\n \nAdmission Statistics\n \n\n\n\n\nNumber of Existing Ordinary Shares\n\n\n1,067,648,507\n\n\n\n\nNumber of Ordinary Shares in issue as at the Share Consolidation Record Date\n \n\n\n1,067,648,550\n\n\n\n\nConversion ratio of Existing Ordinary Shares to New Ordinary Shares\n\n\n50:1\n\n\n\n\nNominal value of an Ordinary Share following the Share Consolidation\n\n\n12.5p\n\n\n\n\nNumber of Ordinary Shares in issue immediately following the Share Consolidation\n \n\n\n21,352,971\n\n\n\n\nTIDM\n\n\nREAT\n\n\n\n\nLEI\n\n\n213800H54C4GOFN7MO32 \n\n\n\n\nExpected Timetable of Principal Events\n \n\n\n\n\nPublication and posting of the Circular and the Form of Proxy to Shareholders\n \n\n\n5 March 2024\n\n\n\n\nLatest time and date for receipt of completed Forms of Proxy and receipt of electronic proxy appointments via the CREST system\n \n\n\nmidday on 26 March 2024\n\n\n\n\nTime and date of the Annual General Meeting\n\n\nmidday on 28 March 2024\n\n\n\n\nAnnouncement of result of the Annual General Meeting\n \n\n\n 28 March 2024\n\n\n\n\nRecord Date in respect of the Share Consolidation\n\n\n6.00 p.m. on 28 March 2024\n\n\n\n\nAdmission expected to become effective and dealings expected to commence in the New Ordinary Shares on AIM\n \n\n\n8.00 a.m. on 2 April 2024\n\n\n\n\nCREST accounts expected to be credited in respect of New Ordinary Shares in uncertificated form\n&...