Carclo Regulatory News (CAR)

6 August 2019

Carclo plc

Calling of General Meeting

Carclo plc ("Carclo" or the "Company"), a holding company of a global group of manufacturers of fine tolerance injection moulded plastic parts mainly for the medical, automotive lighting and optics markets, issues this announcement in relation to the calling of a general meeting, as required under the Companies Act 2006.

During the course of preparing the financial results for the year ended 31 March 2019 the Board has become aware that the value of the Company's net assets is now less than half of its called-up share capital ("a serious loss of capital"). In the circumstances of a serious loss of capital, the directors are required, pursuant to section 656(1) of the Companies Act 2006, to call a general meeting to consider whether any, and if so what, steps should be taken to deal with the situation. Consequently, the Company will issue a notice to convene a general meeting as soon as practicable.

The convening of the general meeting does not impact the ongoing process to finalise and announce the financial results for the year ended 31 March 2019.

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) ("MAR") prior to its release as part of this announcement and is disclosed in accordance with the Company's obligations under Article 17 of MAR.