Conygar Investment Company PLC(The) Posting of Circular and Notice of GM (6019D)

TIDMCIC

RNS Number : 6019D

Conygar Investment Company PLC(The)

03 March 2022

3 March 2022

THE CONYGAR INVESTMENT COMPANY PLC

(the "Company")

POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING

PROPOSED Disapplication of pre-emption rights and

cancellation of share premium account

The Company announces that it has today posted a circular to Shareholders (the "Circular") which has attached to it a notice of a general meeting of the Company to be held on 28 March 2022 (the "General Meeting"). At the General Meeting, resolutions will be put to Shareholders asking them to approve:

(a) the granting of authority to issue up to 15,000,000 ordinary shares in the Company (representing approximately 25 per cent. of the current issued share capital of the Company) free of statutory pre-emption rights, with such authority to expire on the earlier of 15 months from the passing of the resolution and the date of the next Annual General Meeting of the Company. The Directors believe it is important, particularly given the significant further work that is necessary to progress the Island Quarter, that the Company has flexibility in terms of funding options which it is able to access quickly and efficiently. This includes the ability to issue new equity otherwise than on a pre-emptive basis.

(b) the cancellation of the existing share premium account of the Company (GBP10,158,929.21) and, with the approval of the Court, for the amount cancelled to be credited to a distributable reserve, that will be distributable and available to fund dividends and other distributions to shareholders in the event that the Board determines to make any such dividends or other distributions.

A copy of the Circular is available for inspection on the Company's website at www.conygar.com .

Enquiries:

The Conygar Investment Company PLC

Robert Ware / David Baldwin

020 7258 8670

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Lindley / Jamie Richards / Edward Phillips

020 3100 2222

Temple Bar Advisory (Public Relations)

Alex Child-Villiers 07795 425580

Will Barker

07827 960151

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March 03, 2022 12:22 ET (17:22 GMT)