CHA Concha

TIDMCHA

RNS Number : 0651A

Concha plc

14 February 2014

14 February 2014

Concha PLC

("Concha" or the "Company")

Proposed increase of authority to allot shares, disapplication of pre-emption rights

and Notice of General Meeting

Concha, the AIM quoted investment company focused on investing in media, communications and technology companies, announces that it is today posting a circular (the "Circular") to shareholders requesting authority to increase the Director's authority to allot shares and disapply pre-emption rights (the "Share Authorities Renewal").

The Circular includes a formal notice of the requisite general meeting, to be held at the offices of Bond Dickinson LLP at 4 More London Riverside, London, SE1 2AU at 11.00 a.m. on 6 March 2014 (the "General Meeting"). A copy of the circular will also be available shortly on the Company's website - www.concha-plc.com.

Background to the Share Authorities Renewal

The proposed authority to issue ordinary shares for cash on a non-pre-emptive basis would allow the Company the flexibility to undertake a future fundraising without recourse to shareholders, should the opportunity present itself. The Board also believes that such an enlarged fundraising capacity should make the Company more attractive to parties interested in obtaining a listing.

In conjunction with this, the Company continues to actively seek out and evaluate additional investments in line with its investing policy, which could include reverse takeovers. Any reverse takeover would be subject to separate shareholder approval in accordance with the AIM Rules.

The report of the Directors and the financial statements for the period ended 30th June 2013 and the report of the auditors thereon will also be laid before shareholders at the General Meeting.

Enquiries:

 
 Concha PLC                                     chris.akers@srgplc.com 
  Chris Akers, Executive Chairman 
 Strand Hanson Limited (Nominated Adviser) 
  James Harris 
  Andrew Emmott 
  Ritchie Balmer                                +44 (0) 207 409 3494 
 Zeus Capital Limited (Joint Broker) 
  Alex Davies                                   +44 (0) 20 7533 7715 
  Andrew Jones                                   +44 (0) 16 1831 1516 
 PeterHouse Corporate Finance (Joint Broker) 
  Jon Levinson 
  Lucy Williams                                 +44 (0) 20 7926 0935 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEAPADFAELEFF

Concha (LSE:CHA)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

Concha (LSE:CHA)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024