RE: AGM Resolution 14 & 15 Capital reduction, Dividends & Merger31 May 2022 22:14
This is what I take away. There is currently a Merger Reserve, which is accounting term. It's not a stack of cash. They want to add that amount to the Share Premium and subsequently move half of the enlarged Share Premium to Retained Earnings. The latter requires some court approval. It is all about the accounts; not a cash exercise.