RNS Number : 3408A
Iconic Labs PLC
19 January 2024

19 January 2024

Iconic Labs PLC

("Iconic" or the "Company")

Notice of AGM

Iconic Labs PLC (LSE: ICON) announces that its Annual General Meeting ('AGM') will be held on Tuesday, 13 February 2024 at 12 noon at the offices of RWK Goodman, 69 Carter Lane, London, EC4V 5EQ.

The Notice of AGM has been posted to Shareholders and will be available to view shortly on the Company's website at: https://www.iconiclabs.co.uk/documents/.

Amongst others, a special resolution at the AGM will be proposed seeking the approval of Shareholders to a share capital reorganisation.

For some time, the shares of the Company have been trading at below nominal value of £0.10. The issue of new ordinary shares in the Company at a price which is less than nominal value is prohibited by the UK Companies Act. The Board, therefore, considers it prudent to seek the approval of shareholders to a sub-division and conversion of each existing ordinary share of £0.10 ("Existing Ordinary Shares") into one new ordinary share of £0.0001 (a "New Ordinary Share") and one deferred share of £0.0999 (a "Deferred Share") (each such Deferred Share having no voting or dividend rights and effectively being worthless) in order that the nominal value of a New Ordinary Share is less than the price of a share in the market. This will enable the Company to raise funds in the future by issuing further shares, should the Directors elect to do so. By effecting this share capital reorganisation in this way, the Company's issued share capital remains the same and similarly, the nominal value of a Shareholder's shareholding will remain unchanged.

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Publication and posting of the AGM Notice

19 January 2024

Latest time and date for receipt by Registrars of Form of Proxy in respect of the Annual General Meeting

12 noon on 9 February 2024

Annual General Meeting

12 noon on 13 February 2024

Record Date for the Share Capital Reorganisation

6.00 pm on 13 February 2024

Effective Date for the Share Capital Reorganisation

8.00 am on 14 February 2024

- Ends -

For more information, please contact:

Iconic Labs

Brad Taylor, Chief Executive Officer

Tel: +44 (0) 7462 156238

Novum Securities Limited

David Coffman / Daniel Harris

Tel: +44 (0) 20 7399 9400

Yellow Jersey PR

Sarah Hollins

Annabelle Wills

Bessie Elliot

Tel: +44 (0) 20 3004 9512

iconic@yellowjerseypr.com

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