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You're welcome Shai.
My guess is that he has a few kicking about below the 3% so we may be held back for a day or two whilst these clear. We won't know when he is out as no further need to issue a TR1. At least we now know where the stock was coming from.
My understanding is that they have to hold an AGM but can apply for an extension to the timing. Only if a listed company is in Liquidation is there no requirement for an AGM. I may be wrong.
If it was a placing then why the suspension??
Panino,
The annual accounts contain an Annual Report - i.e an Operational Summary. I think we can infer that this is a 'statement' or a 'matter of business'.
Therefore, the notice period under Co's Act 2006 section 311A is necessary IMO.
Previous AGM notices have provided Accounts to include such statements and given the necessary notice period and access.
Traded public company: A traded public company can hold an AGM by giving notice of at least 21 days to its members. The company’s articles of association may require a longer period of notice. Note that provision E.2.4 of the UK Corporate Governance Code (UKCG Code) requires companies to whom the UKCG Code applies (ie, companies with a premium listing of equity shares on the London Stock Exchange) to send the notice of AGM (and related papers) to shareholders at least 20 working days in advance of the general meeting.
https://www.lexisnexis.com/uk/lexispsl/corporate/document/391387/55YB-2GD1-F186-H37C-00000-00/Annual_general_meetings_overview