21 Sep 2021 07:00
Bigblu Broadband plc
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('BBB', theĀ 'Company' or the 'Group')
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Return of Capital Timetable
Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast and ultra-fast broadband services, announces an updated timetable relating to the proposed return of capital as announced on 6 September 2021 (the "Announcement"). The timetable below includes the ex-entitlement date. All other dates remain unchanged from the timetable set out in the Announcement and in the circular posted to shareholders on 6 September 2021.
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Expected Timetable of Principal Events
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Time and date | |
Latest time and date for receipt of Forms of Proxy, CREST Proxy Instructions and registration of online votes from Shareholders in respect of the General Meeting | 10.00 a.m. on 28 September 2021 |
General Meeting | 10.00 a.m. on 30 September 2021 Ā |
Ex-entitlement date | 1 October 2021 |
Record Time for entitlement to B Shares | 6.00 p.m. on 4 October 2021 |
B Shares issued equal to number of Existing Ordinary Shares held at the Record Date | 8.00 a.m. on 5 October 2021 |
B Shares redeemed and cancelled | 8.00 a.m. on 5 October 2021 |
Despatch of cheques and CREST accounts credited in respect of proceeds from the redemption of the B Shares | 20 October 2021 |
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Notes:
All references are to London time unless otherwise stated.
The timetable may be subject to change. If any of the above times and/or dates should change, the new times and/or dates will be announced to Shareholders through a Regulatory Information Service.
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For further information:
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Bigblu Broadband Group PLC | www.bbb-plc.com |
Andrew Walwyn, Chief Executive Officer Frank Waters, Chief Financial Officer Ā Ā | Via Walbrook PR |
finnCap (Nomad and Broker) Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Tim Redfern / Richard Chambers (ECM) Ā | Tel: +44 (0)20 7220 0500 |
Ā Walbrook PR (PR / IR advisers) | Tel: +44 (0)20 7933 8780 or |
Nick Rome/Tom Cooper/Nicholas Johnson | BigbluBroadband@walbrookpr.com |
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About Bigblu Broadband plc
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Bigblu Broadband plc (AIM: BBB.L), is a leading provider of alternative super-fast broadband solutions throughout Europe and Australia. BBB delivers a portfolio of super-fast wireless broadband products for consumers and businesses unserved or underserved by fibre.
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High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in many countries provide a solid foundation for significant organic growth as demand for alternative super-fast broadband services increases around the world.
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BBB's range of solutions includes satellite, next generation fixed wireless and 4G/5G delivering between 30 Mbps and 150 Mbps for consumers, and up to 1 Gbps for businesses. BBB provides customers ongoing services including hardware supply, installation, pre and post-sale support billings and collections, whilst offering appropriate tariffs depending on each end user requirements.
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Importantly, as its core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for 'video-on- demand'. Its alternative broadband offerings present a customer experience that is similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart-phones via a normal wired or wireless router.
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