Tt Electronics Regulatory News (TTG)

27 Sep 2005 16:46

TT electronics PLC27 September 2005 TT electronics plc Notice of EGM to be held on 20 October 2005 TT electronics plc (the "Company") announces that it has posted a circular todayto its shareholders setting out proposals to be put to an Extraordinary GeneralMeeting of the Company to be held on 20 October 2005. The Company is seekingapproval from its shareholders to: • increase the distributable reserves of the Company by an amount of £130,814,923, to be achieved by way of a reduction in certain non-distributable reserves of the Company (being its share premium account, capital redemption reserve and merger relief reserve) to be effected following shareholder approval and confirmation by the High Court of Justice in England & Wales; • amend the Company's Articles of Association in order to reflect changes in the Company's share capital and changes in legislation and best practice for listed companies since the Company's Articles of Association were last amended; • adopt a new Long Term Incentive Plan in order to encourage employee share participation and the linkage of employee rewards to shareholder returns. Details of the above proposals are set out in the circular posted toshareholders. A copy of the circular has also been submitted to the UK ListingAuthority and will shortly be available for inspection at the UK ListingAuthority's Document Viewing Facility, which is situated at: Financial Services Authority25 The North ColonnadeCanary WharfLondonE14 5HS Tel no: 020 7676 1000 For further information please contact: BiddicksZoe Biddick Tel: 020 7448 1000 This information is provided by RNS The company news service from the London Stock Exchange