Starcrest Education Limited Notice of EGM (9052T)

TIDMOBOR

RNS Number : 9052T

Starcrest Education Limited

29 November 2021

29 November 2021

Starcrest Education Limited

("Starcrest" or the "Company" or the "Group")

Notice of EGM

Starcrest Education Limited (LSE: OBOR), the international developer and operator of education services in Europe, announces an Extraordinary General Meeting ("EGM") will be held on 2 December 2021 at 11:45 am (GMT) at the offices of 125 Old Broad Street, London, EC2N 1AR. The Notice of EGM has been published on the Company's website https://www.starcresteducation.com .

In accordance with Article 19.1 of the articles of association of the Company, prior written consent to short notice for the EGM has been obtained from shareholders of the Company together holding 77.9% of the ordinary shares of GBP0.01 each of the Company (the "Ordinary Shares").

The Board is convening an EGM to propose the following resolutions.

An ordinary resolution, to be authorised to exercise all the powers of the Company to allot and issue ordinary shares of GBP0.01 each in the capital of the Company (the "Consideration Shares") (being Equity Shares, as defined in the Articles), in respect of the acquisition by the Company of part of the share capital of National Training Company Limited ("NTC") from Guy Helman, Guy Helman and Kim Winston as trustees of The Helman Family Trust, William Bottriell, Elizabeth Mary Bottriell and Zedra Trust Company (UK) Limited as trustees of The William Bottriell Discretionary Settlement and Ian Michael Colletts and Cheryl Deborah Colletts as trustees of The NTC 2021 Trust (the "Sellers") in such number and upon such terms as the Board may determine, provided that the number of Consideration Shares to be allotted and issued to the Sellers in exchange for them transferring their shares in NTC to the Company, shall not exceed 50 ,000,000 Equity Shares.

A special resolution that the Board be authorized to exercise all the powers of the Company to allot and issue ordinary shares of GBP0.01 each in the capital of the Company ("Ordinary Shares") for cash, in such number and upon such terms as the Board may determine, provided that the number of Ordinary Shares that may be allotted and issued pursuant to this resolution shall not exceed 450 ,000,000 Ordinary Shares.

Please be advised that any member entitled to attend and vote at the EGM shall be entitled to appoint another person as proxy to attend and vote on their behalf. The instrument appointing a proxy shall be signed or, in the case of a transmission by electronic mail, electronically signed in a manner acceptable to the chairman of the meeting. For a proxy appointment to be valid, your appointment must be received by the Company no later than 9:00 am (GMT) on 1 December 2021.

- Ends -

Enquiries:

 
  Starcrest Education 
   John McLean OBE, Non-Executive Chairman       [phone] 
  Allenby Capital Limited (Financial 
   Adviser and Broker) 
   John Depasquale 
   Vivek Bhardwaj                                [phone] 
  Yellow Jersey PR (Financial PR) 
   Sarah Hollins 
   Henry Wilkinson                               [phone] 
 

Notes to editors:

Starcrest is an international developer and operator of education services in Europe. The Company was established to seek acquisition opportunities in the international education sector and to provide premier education services and products in the UK and to countries in Europe.

Starcrest listed on the Main Market of the London Stock Exchange on 31 January 2019 under the ticker symbol (LSE: OBOR). Further information can be found on the Company's website at https://www.starcresteducation.com .

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November 29, 2021 07:56 ET (12:56 GMT)