Eastbridge Investments PLC Notice of General Meeting (6646A)

TIDMEBIV

RNS Number : 6646A

Eastbridge Investments PLC

09 June 2016

9(th) June 2016

Eastbridge Investments Plc

("Eastbridge" or the "Company")

Notice of General Meeting

SHARE CAPITAL CONVERSION

At the Extraordinary General Meeting of the Company held on 5 March 2015, the Company passed a special resolution to convert the Company from a par value company to a no par value company (the "Conversion Resolution"). The Directors have become aware that the Conversion Resolution may not be effective as passed, although it should be noted that to date no challenge has been made to the Company regarding the validity of the conversion. Accordingly, as a precaution, the Company wishes to pass special resolutions at a General Meeting in order to ratify, or otherwise re-perform, the conversion intended by the Conversion Resolution and ensure to the fullest extent possible that all shares issued following the Conversion Resolution were properly and validly allotted.

AMENDMENTS TO ARTICLES

A resolution to be proposed at the General Meeting seeks to amend Article 2.10 of the Company's articles of association (the "Articles") to grant the Board power to allot equity securities for past or future services in addition to their power to allot equity securities for cash. This power will be exercisable without the pre-emption provisions set out in Articles 2.4 to 2.8 of the Articles applying to such allotment.

A number of consequential amendments to the Articles have also been identified as a result of being a no par value company. Resolutions are to be proposed at the General Meeting to seek and make these minor amendments.

AUTHORITY TO ALLOT SHARES

Subject to the passing of resolutions above to be proposed at the General Meeting, a further resolution proposes to grant the Directors authority to allot up to 2,863,996,494 ordinary shares in the Company for cash or past or future services.

GENERAL MEETING

The Company has posted a circular to shareholders setting out details of the proposed changes and calling an extraordinary general meeting for 24 June 2016 at which resolutions will be put to shareholders to approve both the amendments to articles and the authority to allot shares.

For further additional information please contact:

 
 Eastbridge Investments Plc          Tel: +44 (0)78 
  Gregory Collier                     301 82501 
 Nominated Adviser                   Tel: +44 (0)20 
  Northland Capital Partners          3861 6625 
  Limited 
  William Vandyk / Matthew Johnson 
 Broker                              Tel: +44 (0)20 
  Peterhouse Corporate Finance        7469 0930 
  Limited 
  Fungai Ndoro /Lucy Williams 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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June 09, 2016 02:00 ET (06:00 GMT)