Last checked at 19 Oct 2018 16:23
Lok'nStore Group plc
('Lok'nStore', the 'Company' or the 'Group')
Notice of Results and Annual General Meeting
The 2018 annual general meeting of the Company ("AGM") will be held on 11 December 2018. A circular will be sent to shareholders in due course together with notice of AGM ("Circular").
In addition, to the usual business of the AGM the meeting will also address a technical breach of the Companies Act 2006 regarding the payment of certain historic dividends by the Company and an historic buy back of shares (the "Relevant Distributions"). Whilst the Group as a whole had sufficient distributable reserves at the relevant times to cover the Relevant Distributions made, the Company did not have sufficient distributable reserves to make the Relevant Distributions. Appropriate resolutions will be put to shareholders at the 2018 Annual General Meeting, which will include the consideration of an AIM Rule 13 related party transaction. Full details will be set out in the Circular.
This matter has no impact on Lok'nStore's current trading, nor on the Group's dividend policy going forward.
We look forward to announcing the 2018 results on 29 October 2018.
Enquiries:
Lok'nStore Sophia Fowler, Assistant Company Secretary
| 01252 521 010 |
finnCap Ltd Julian Blunt/Giles Rolls, Corporate Finance Alice Lane, Corporate Broking
| 020 7220 0500 |
Camarco Billy Clegg/Tom Huddart
| 0203 757 4980 |