Bilby PLC Shareholder Circular and Notice of General Meeting (7774B)

TIDMBILB

RNS Number : 7774B

Bilby PLC

12 January 2018

12 January 2018

Bilby Plc

("Bilby" or the "Group")

Shareholder Circular and Notice of General Meeting

Bilby Plc (AIM: BILB.L), as announced on 21 December 2017, the Board has become aware of a technical issue with the payment of both interim and final dividends in relation to the year ended 31 March 2017 and both interim and final dividends in relation to the year ended 31 March 2016 (the Relevant Distributions).

The Company today published and posted to shareholders a Notice with related explanatory circular (the Circular) convening a General Meeting at which a Resolution will be proposed which will, if passed, regularise the position, putting all potentially affected parties in the position in which they were always intended to be had the full technical requirements of the Companies Act 2006 (the Act) been complied with at the time that the Relevant Distributions were made.

The steps being proposed are also in line with those taken by other publicly traded UK incorporated companies that have encountered similar issues in the past and will not have any effect on the Group's financial position or future dividend policy.

The Circular contains further details of the Relevant Distributions having been made otherwise than in accordance than in the Act.

The Notice, which is contained in the Circular, convenes the General Meeting of Bilby for 11:15 a.m. on 31 January 2018 at the offices of Hudson Sandler Limited, 29 Cloth Fair, London, EC1A 7NN.

A copy of the Circular will be available to view on the Company's website http://www.bilbyplc.com/regulatorynews.html and available in hard copy during normal business hours on any weekday (except for Saturdays, Sundays and public holidays) at the registered office of the Company and at the offices of Dentons UKMEA LLP, One Fleet Place, London, EC4M 7WS up to the time of the General Meeting.

Enquiries:

Bilby Plc 020 3874 7088

Phil Copolo, Deputy Executive Chairman

Sangita Shah, Non-Executive Chairman

David Ellingham, Finance Director

Northland Capital Partners 020 3861 6625

(Nominated Adviser and Broker)

Corporate Finance:

David Hignell

Matthew Johnson

Sales and Broking:

Bob Pountney

John Howes

Hudson Sandler 020 7796 4133

(Financial PR)

Charlie Jack

Emily Dillon

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 12, 2018 09:08 ET (14:08 GMT)