RE: Market Cap £100k!6 Mar 2026 15:59
The proxy form for GM
Notice of Annual General Meeting
I am writing to inform you of an Annual General Meeting ("AGM") of BSF Enterprise Plc (the
"Company"), which will be held at 10:00 a.m. on 3rd March 2026 at the offices of Reynolds Porter
Chamberlain LLP, Tower Bridge House, St Katharine’s Way, London E1W 1AA. Enclosed with
this letter is the notice (the "Notice") convening the AGM.
On 17 December 2025, the Company obtained shareholder approval to undertake (i) a
consolidation of its 128,374,437 existing ordinary shares of £0.01 each on a 12 to 1 basis into
10,697,869 ordinary shares of £0.12 each ("New £0.12 Ordinary Shares") and (ii) a subdivision
and reclassification of the New £0.12 Ordinary Shares into 10,697,869 new ordinary shares of
£0.01 each ("New Ordinary Shares") and 10,697,869 deferred shares of £0.11 each (together,
"Capital Reorganisation"). As described in the announcement of the Company dated 15
December 2025, the Company is seeking to obtain the FCA's approval of the prospectus in
connection with the equity fundraise ("Equity Fundraise") and it is expected that the record date
for the Capital Reorganisation will take place on or around 26th February 2026.
The purpose of this letter is to provide you with a brief summary and explanation of the resolutions
proposed by the Company at the AGM to consider and, if thought fit, to pass the resolutions to,
among other things, authorise the Company to allot and issue shares and disapply pre-emption
rights (including post-Capital Reorganisation).
Resolutions 1 to 6 (inclusive) are proposed as Ordinary Resolutions. This means that, in
accordance with the requirements of the Companies Act 2006 (the "Act"), for each of those
resolutions to be passed, more than half of the votes cast must be in favour of the resolution.
Resolutions 7 and 8 (inclusive) are proposed as Special Resolutions. This means that for each of
those resolutions to be passed, at least three-quarters of the votes cast must be in favour of the
resolution.
The shares in issue have been amended on LSE