AGM - Resolution 54 Jun 2020 00:25
Hi all
Hadn’t actually read the AGM RNS yesterday... Are they saying this is no longer required [disapplication] or is this a new power?
“Special Business
Resolution 5 – Disapplication of Pre-emption rights
This is a special resolution authorising the Directors to issue equity securities up to an aggregate nominal amount of £400,000 for cash on a non pre-emptive basis pursuant to the authority conferred by resolution 4 above. This will allow the Board to allot shares without recourse to the shareholders so that it can move quickly from time to time as it deems appropriate. This authority, if approved, will terminate at the conclusion of the Company’s next annual general meeting or to the extent that such authority is revoked, varied, renewed or extended prior to such date.”