The purpose of the General Meeting is to propose two special resolutions that require shareholder approval. These resolutions will allow the Company to better manage its future capital allocation through a tried and tested method. If passed, the resolutions will allow the Company to move its merger relief reserve from non-distributable reserves to distributable reserves, which requires an amendment to the articles of association of the Company, as well as Court sanction. There is no profit or cash impact as a result. It is purely a balance sheet reclassification.
Shareholders will shortly be sent a hard copy of the Circular or a notification in relation to the publication of the Circular on the Company's website (as relevant). In compliance with the Listing Rules, a copy of the Notice of General Meeting and will shortly be submitted to, and available for inspection on, the National Storage Mechanism at https://data.fca.org.uk
Contact:
Tel: +44 (0)1908 359100
Fax: +44 (0)1908 359120
Email: investorrelations@essentra.com
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