REG - Enteq Technologies - Notice of AGM and Proposed Capital Reduction

Enteq TechnologiesAnnouncement

30/08/2024 07:00

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RNS Number : 2034C  Enteq Technologies PLC  30 August 2024

Enteq Technologies plc

("Enteq" or the "Company")

Notice of Annual General Meeting

Proposed Capital Reduction

Enteq Technologies plc (AIM: NTQ.L), the energy services technology and
equipment supplier announces that the Company's Notice of Annual General
Meeting (AGM) and Form of Proxy for voting at the AGM will today be posted to
shareholders. Copies will be available shortly at the investor section of the
Company's website at www.enteq.com (http://www.enteq.com)

The AGM will take place at 11.00 a.m. on 25 September 2024 at the offices of
Cavendish, 1 Bartholomew Close, London, EC1A 7BL.

 

The Notice of AGM includes, inter alia, Resolution 10, regarding a proposed
reduction of capital. Resolution 10 will, if passed by special resolution,
give the Directors the authority to reduce the capital of the Company (the
"Proposed Capital Reduction") by cancelling the balance standing to the credit
of the Company's share premium account. This would permit the Company to make
distributions to shareholders in the future, should it be able to and decide
to do so.

The Proposed Capital Reduction requires the confirmation of the Court.
Following the passing of Resolution 10, an application will be made to the
High Court of Justice to confirm the Proposed Capital Reduction.

The passing of Resolution 10 will not result in any change to the number or
nominal value of the ordinary shares in the capital of the Company, will have
no impact on the Company's cash position or on its net asset value, and will
not itself involve any distribution or repayment of capital or share premium
by the Company.

 

For further information, please contact:

 

Enteq Technologies
plc
+44 (0)20 8087 2202

www.enteq.com (http://www.enteq.com/)

Andrew Law, Chief Executive Officer

 

Cavendish Capital Markets Limited (NOMAD and Broker)
            +44 (0)20 7220 0500

Ed Frisby, George Lawson (Corporate Finance)

Andrew Burdis (ECM)

 

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