IN THE MATTER OF DONEGAL INVESTMENTS GROUP PUBLIC LIMITED COMPANY
AND
IN THE MATTER OF THE COMPANIES ACT 2014
AND
IN THE MATTER OF A PROPOSED REDUCTION OF CAPITAL PURSUANT TO SECTIONS 84 TO 86 OF THE COMPANIES ACT 2014
NOTICE OF COURT HEARING TO CONFIRM PROPOSED CAPITAL REDUCTION
NOTICE IS HEREBY GIVEN pursuant to section 85(2) of the Irish Companies Act 2014 that, by special resolution of the members of Donegal Investments Group public limited company (the Company), having its registered office at CoLab, ATU, Port Road, Letterkenny County Donegal , passed on 27 March 2026, it was resolved that, subject to and with confirmation from the Irish High Court, in accordance with sections 84 and 85 of the Companies Act 2014:
That, subject to and with the consent of the High Court:
(a) in accordance with the provisions of sections 84 and 85 of the Companies Act 2014, the company capital of the Company be reduced by the cancellation of
(i) the entire amount standing to the credit of the Company's share premium account as the date of this resolution; and
(ii) the entire amount standing to the credit of the Company's undenominated capital as the date of this resolution,
(the Authorised Amount),
or such other lesser amount as the board of directors of the Company or the High Court may determine and for the reserve resulting from the cancellation of the share premium and undenominated capital to be treated as profits available for distribution as defined by section 117 of the Companies Act 2014; and
(b) the board of directors of the Company, acting through one or more of the Company's directors, be and is hereby authorised on behalf of the Company to proceed to seek the confirmation of the High Court to a reduction of company capital by the Authorised Amount or such lesser amount as the board of directors of the Company or the High Court may determine.
(the Capital Reduction Resolution).
Having carefully considered and discussed the possibility of effecting the capital reduction, the benefits to accrue to the Company and its shareholders as a result of such, the implications for the Company and its shareholders and creditors and the financial position of the Company, the Board, pursuant to the authority conferred by sub paragraph (b) of the Capital Reduction Resolution, determined on behalf of the Company to seek the approval of the High Court for the reduction of the Company's share premium account by €2,974,840 and other undenominated capital account by €1,177,729, or such lesser sum as the High Court might determine.
By Order of the High Court (Sanfey J.) dated 11 May 2026 the application was admitted to the commercial division of the High Court. The Court fixed Tuesday the 23rd day of June 2026 at 10.30am for the hearing of the Originating Notice of Motion.
The Court directed that any member or creditor of the Company or any other person having a legitimate interest therein who wishes to appear at the hearing of the Originating Notice of Motion on 23 June 2026 must inform Hayes solicitors LLP by 5.30pm on 15 June 2026 at the address below or dmangan@hayes-solicitors.ie. The Court further directed that if any such member, creditor or person wishes to rely on Affidavit evidence, such Affidavit should be filed in the Central Office of the High Court and served upon Hayes solicitors LLP at the address set out below or dmangan@hayes-solicitors.ie by 5.30pm on 15 June 2026.
12 May 2026
Hayes solicitors LLP Lavery House Earlsfort Terrace Dublin 2