Business
Circular and Notice of General Meeting
Helical PLC has published a circular detailing a proposed return of capital to shareholders, aiming to distribute up to £17 million. This return is comprised of approximately £12 million through a B Share Scheme, where B Shares are expected to be redeemed at 9.72 pence per existing ordinary share, and a share buyback programme. The proposals also include a 100 for 105 share consolidation, with both actions requiring shareholder approval at a General Meeting scheduled for July 16, 2026. The B Shares are expected to be issued on July 20, 2026, and redeemed on July 21, 2026, with settlement of proceeds anticipated by August 4, 2026. The company also confirmed a proposed final dividend of 1.00 pence per existing ordinary share for 2026, which will not be affected by these capital return plans. Disclaimer*
About this update from Helical Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 30 June 2026 HELICAL PLC ("Helical" or the "Company") Publication of Circular relating to return of capital to Shareholders and containing notice of General Meeting As previously announced on 22 May 2026 in the Company's announcement of Annual Results for the year ended 31 March 2026 (the "2026 Results Announcement"), the Company proposes to return up to £17 million to Shareholders through a combination of a capital return B Share Scheme and a share buyback programme. This amount reflects over half of the approximately £31 million profit realised on the completion of the sale of 100 New Bridge Street, EC4, in line with the Company's intention stated in the annual results for the year ended 31 March 2025. Publication of the Circular The Company today announces the publication of an explanatory circular (the "Circular") containing a notice of General Meeting of the Company, together with details of: · the proposed return of approximately £12 million of capital to Shareholders through the issue of a new class of redeemable B Shares which the Company expects to redeem in cash for 9.72 pence per Existing Ordinary Share (the "B Share Scheme"); and · a 100 for 105 share consolidation of the Company's ordinary share capital which will accompany the B Share Scheme (the "Share Consolidation"). The B Share Scheme and Share Consolidation are subject to the approval of the Shareholders and, accordingly, a copy of the Circular and a question and answer document regarding the B Share Scheme and the Share Consolidation can be found on www.helical.co.uk. Printed copies of the Circular (or, depending on Shareholders' communication preferences, a letter or email giving details of the website where the Circular may be accessed) are being sent to Shareholders today. The B Share Scheme and Share Consolidation are also subject to customary conditions, including but not limited to no material deterioration in market conditions or the financial position of the Company. The General Meeting of the Company to approve the B Share Scheme, Share Consolidation and associated resolutions regarding the share capital of the Company will be held at ...