Share Name Share Symbol Market Type Share ISIN Share Description
Block Commodities Ltd NEX:BLCC NEX Ordinary Share GG00B4QYTJ50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.008 0.007 0.009 0.008 0.005 0.008 62,142,858 16:30:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Block Commodities Ltd: Circular and Notice of General Meeting

02/12/2019 7:00am

UK Regulatory (RNS & others)

 Block Commodities Ltd (BLCC) 
Block Commodities Ltd: Circular and Notice of General Meeting 
02-Dec-2019 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
     The information communicated within this announcement is deemed to 
     constitute inside information as stipulated under the Market Abuse 
 Regulations (EU) No. 596/2014. Upon the publication of this announcement, 
   this inside information is now considered to be in the public domain. 
2 December 2019 
      ("Block Commodities" or the "Company") 
      Block Commodities Limited / Epic: BLCC / Sector: Mining 
      Publication of Circular and Notice of General Meeting 
     Pursuant to the announcement dated 15 April 2019, Block Commodities Ltd 
announces that convening a general meeting of its shareholders to be held at 
  12:00 p.m. on 27 December 2019 at Richmond House, St. Julian's Avenue, St. 
    Peter Port, Guernsey, GY1 1GZ to seek shareholder approval to expand the 
Company's current investment strategy to include a focus on opportunities in 
the medicinal cannabis, CBD wellness and hemp sectors. The overall objective 
            of this expanded investment strategy is to provide the Company's 
    shareholders with an attractive total return, achieved primarily through 
        capital appreciation, by virtue of equity participation in operating 
       companies in jurisdictions where cultivation of medicinal cannabis is 
            permitted by law. 
    The Company has posted the notice of general meeting and an accompanying 
circular (the "Circular") to its shareholders today and these documents will 
       also will be made available to download from the Company's website at [1]. The Circular contains further details of the 
Company's proposed expanded i nvestment strategy, including the key expected 
      benefits, risk factors and the opportunities for financial benefits of 
            entering the medicinal cannabis, CBD wellness and hemp sectors. 
  The resolutions on which the shareholders will vote at the general meeting 
            are as follows: 
Ordinary Resolutions 
  1) To approve and adopt the expanded investment strategy of the Company, 
  as set out in paragraph 2 of the Circular to shareholders dated 2 December 
  2019 to enable investment into the medicinal cannabis market. 
  2) To authorise the directors generally and unconditionally to issue and 
  allot, grants rights to subscribe for, or to convert any securities into 
  up to 5,000,000,000 equity securities. 
Special Resolution 
  3) To disapply pre-emption rights in respect of the issue of any new 
  equity securities referred to in resolution 2. 
Expected timetable of principal events: 
    Posting to Shareholders of this              2 December 2019 
Latest time and date for receipt of 12.00 pm on 23 December 2019 
                     Forms of Proxy 
                    General Meeting 12.00 pm on 27 December 2019 
Block Commodities Limited 
Chris Cleverly            
Ian Tordoff               
Press contact 
Hawthorn Advisors         
NEX Exchange Corporate Adviser: 
Alexander David Securities Limited 
David Scott - Corporate Finance    +44 (0) 20 7448 9820 
James Dewhurst - Corporate Broking +44 (0) 20 7448 9820 
The Directors of the Company accept responsibility for the content of this 
ISIN:          GG00B4QYTJ50 
Category Code: NOG 
TIDM:          BLCC 
LEI Code:      2138001KNTXRAZTFKU51 
Sequence No.:  32409 
EQS News ID:   925077 
End of Announcement EQS News Service 

(END) Dow Jones Newswires

December 02, 2019 02:00 ET (07:00 GMT)

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