THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
10 January 2025
Jaywing plc
("Jaywing" or the "Company")
Proposed cancellation of admission of Ordinary Shares to trading on AIM
Re-registration as a private limited company
Adoption of New Articles
and
Notice of General Meeting
On 23 December 2024, the Company announced that Lord Ashcroft requisitioned the holding of a general meeting of the Company to cancel the admission of the Company's Ordinary Shares to trading on AIM, a proposal which the Board has concluded is in the best interests of the Company and its Shareholders.
The Company today announces the proposed cancellation of its ordinary shares of £0.05 each in the Company ("Ordinary Shares") to trading on AIM ("Cancellation"), the proposed re-registration (the "Re-Registration") as a private company, the proposed adoption of new articles of association (the "New Articles") and, together with the Cancellation and Re-Registration and the New Articles, the "Proposals").
The Cancellation is conditional, pursuant to Rule 41 of the AIM Rules, upon the approval of not less than 75 per cent. of the votes cast by Shareholders (whether present in person or by proxy) at the General Meeting. The Company is therefore seeking Shareholders' approval of the Proposals at the General Meeting which will be convened for 9.30 a.m. on 5 February 2025 at the offices of Fieldfisher LLP at Riverbank House, 2 Swan Lane, London EC4R 3TT.
The Company has today published a Circular to give notice of the General Meeting. The Circular will be published on the Company's website https://www.jaywing.com/views/investors/ and will be sent to shareholders today, setting out the background to and reasons for the Proposals.
Expected Timetable
| Notice provided to the London Stock Exchange to notify it of the proposed Cancellation |
10 January 2025 |
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| Publication and posting of this document | 10 January 2025 |
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| Latest time and date for receipt of online proxy votes or completed Forms of Proxy in respect of the General Meeting |
9.30 a.m. on 3 February 2025 |
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| General Meeting | 9.30 a.m. on 5 February 2025 |
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| Expected last date and time for trading in Ordinary Shares on AIM | 6.00 p.m. on 12 February 2025 |
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| Expected date of Cancellation | 7.00 a.m. on 13 February 2025 |
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| Expected date of Re-registration | By 13 February 2025 |
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Jaywing plc
David Beck - Executive Chairman
Christopher Hughes (CFO and COO)
T: +44 (0)333 370 6500
SPARK Advisory Partners Limited (Nominated and Financial Adviser)
Matt Davis / James Keeshan
T: +44 (0) 20 3368 3552
Turner Pope (Broker)
James Pope / Andy Thacker
T: +44 (0) 20 3657 0050
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