RE: Re -2 Sep 2020 17:28
For the more complete picture:
Tue, 2nd Jul 2019 15:37
RNS Number : 2546E
Reabold Resources PLC
02 July 2019
2 July 2019
Reabold Resources Plc
("Reabold" or "the Company")
Notice of Annual General Meeting ("AGM") and Proposed Capital Reduction
Reabold, the AIM investing company which focusses on investments in pre-cash flow upstream oil and gas projects, announces that it has posted to shareholders a formal notice of AGM and explanatory circular ("the Circular"), together with a form of proxy. The AGM is to be held at the offices of Hill Dickinson LLP, The Broadgate Tower, 20 Primrose Street, London EC2A 2EW at 10.30 a.m. BST on 30 July 2019. Copies of the Circular and form of proxy are available on the Company's website: www.reabold.com
Among the resolutions to be proposed at the AGM is a resolution for a proposed capital reduction, which, if approved, will enhance the Company's ability to return surplus capital, undertake share buybacks and pay dividends to Shareholders in the future. The Board considers the Capital Reduction to be in the best interests of the Company and its Shareholders as a whole and unanimously recommends that Shareholders vote in favour of the Resolutions to be proposed at the Annual General Meeting. The Circular sets out full details of the proposed capital reduction. Selected information from the Circular is reproduced below.