Business
Notice of EGM
Notice of EGM.
About this update from Roebuck Food Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7878Q\n Norish PLC\n 29 October 2021\n \n \n \n \n The information contained within this announcement was previously deemed by the Company to constitute inside information as stipulated by Market Abuse Regulation (EU) No 596/2014 (\"EU MAR\") and the retained UK law version of EU MAR pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019 (SI 2019/310) (\"UK MAR\"). With the publication of this announcement via a Regulatory Information Service, this information is now considered to be in the public domain.\n \n \n 29 October 2021\n \n \n Norish plc (\"the Company\" or \"Norish\")\n \n \n Proposed Capital Reorganisation and Return of Capital\n \n \n Proposed Change of Name and Amendment of Constitution\n \n \n Notice of Extraordinary General Meeting\n \n On 30 September 2021, the Company announced that it had entered into a conditional agreement to sell the Company's Cold Store Group to Nichirei Holding Holland B.V, a wholly-owned subsidiary of Nichirei Logistics Group Inc. for a consideration of £65.706 million (\"the Disposal\"). Following the settlement of Group indebtedness and the operation of a completion accounts mechanism in the Sale and Purchase Agreement, this will result in a consideration receivable by the Company of approximately £57.3 million.\n As this results in a fundamental change of business of the Company for the purposes of Rule 15 of the AIM Rules, the Disposal was conditional on the passing by shareholders of a resolution consenting to it. At an extraordinary general meeting held on 20 October 2021 the requisite resolution was duly passed and the completion of the Disposal was announced earlier today, 29 October 2021.\n \n The Disposal has presented an opportunity for the Company to realise substantial cash proceeds and for Shareholders to participate in that cash realisation. The Disposal is in line with the Board's broader objective of generating value for Shareholders and returning capital to Shareholders.\n \n In light of the receipt of this capital sum, the Company now proposes to facilitate a capital payment (the \"Capital Return Payment\") to Shareholders of:\n \n £1.66 per Ordinary Share held at 6:00 p.m. on Friday 19 November 2021\n \n (\"the Capital Return Record Date\")\n \n In order to facilitate this return of capital, a number of shareholder resolutio...