Disappointing End6 Mar 2025 17:21
The primary agenda for these meetings includes seeking approval from both shareholders and CULS holders for the proposed cancellation of the ordinary shares’ admission to trading on the AIM market, known as the Cancellation. Additionally, the company is looking to secure consent from CULS holders for amendments to the Trust Deed, which governs the CULS, to facilitate the Cancellation and to postpone the settlement date from March 31, 2025, to December 31, 2025, referred to as the Deferred Settlement Date.
In exchange for the CULS holders’ agreement to the deferral of the full payment of the outstanding CULS redemption proceeds, APQ Global is offering to increase the interest rate from 6.0 percent to 10.0 percent for the period extending from the original settlement date to the new Deferred Settlement Date.
The company has made the Circular and the notices for the EGM and CULS Meeting available on its website for stakeholders to review. The Circular provides detailed information and the context for the proposed corporate actions.
This announcement is based on a press release statement from APQ Global Limited.