Notice of GM

Reach PLC

20 October 2023

 

20 October 2023

Reach plc

("the Company")

Proposed Capital Reduction
and
Notice of General Meeting

Further to the announcement made on 10 October 2023, the Company today is posting a circular to shareholders (the Circular) in connection with a proposed cancellation of the balance standing to the credit of the Company's share premium account (the Capital Reduction).

The share premium account of the Company currently has a credit balance of £605,410,480.30. The Company proposes, subject to approval by shareholders, to apply to the Court to confirm the Capital Reduction. The reserve arising on the Capital Reduction would be credited to the profit and loss account of the Company to create distributable reserves.

The Capital Reduction is conditional upon the approval of the Company's shareholders and approval by the High Court of Justice in England and Wales. The Capital Reduction will only become effective if the resolution to approve the Capital Reduction is passed by shareholders at the general meeting, the Court confirms the Capital Reduction and the order of the Court confirming the Capital Reduction is delivered to, and registered by, the Registrar of Companies in England and Wales.

Accordingly, the Circular contains a notice convening a general meeting of the Company's shareholders (the Notice of General Meeting), which is to be held on Wednesday, 15 November 2023 at 10.00 a.m. at Norton Rose Fulbright LLP's office at 3 More London, Riverside, London SE1 2AQ, UK, at which a special resolution will be proposed to approve the Capital Reduction.

Shareholders are invited to submit any questions relevant to the business of the general meeting via email to [e-mail] or in writing to General Meeting Questions, c/o Company Secretary, Reach plc, One Canada Square, Canary Wharf, London E14 5AP by 10.00 a.m. on Friday, 3 November 2023. Answers of which will be posted on the Company's website as soon as practicable, and no later than Wednesday, 8 November 2023. 

The Circular and the Notice of General Meeting have been published on the Company's website at www.reachplc.com.

Enquiries
Reach plc
Jim Mullen, Chief Executive Officer Darren Fisher, Chief Financial Officer Lorraine Clover, Company Secretary		020 7293 3000
Teneo
David Allchurch/Giles Kernick		020 7353 4200
LEI: 213800GNI5XF3XOATR61 Classification: 3.1 Additional regulated information required to be disclosed under the laws of the United Kingdom

 

END