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Change of Date for Court Meeting & General Meeting

13th Mar 2025 07:00

RNS Number : 4542A
Bigblu Broadband PLC
13 March 2025
 

 

 

 

13 March 2025

 

 

Bigblu Broadband plc

(the "Company")

Change of Date for Court Meeting & General Meeting

On 3 March 2025, Bigblu Broadband plc (AIML BBB.L), a leading provider of alternative super-fast and ultra-fast broadband services, announced the proposed return of capital to Shareholders of up to £6.1 million by way of a purchase of up to 15,250,000 Ordinary Shares held by Qualifying Shareholders (the "Tender Offer").

 

The Company announces that the dates of the upcoming Directions Hearing for Capital Reduction and the Confirmation Hearing for Capital Reduction (together, the "Hearings"), to be held on 31 March 2025 and 15 April 2025 respectively, have been rescheduled.

 

The Hearings will now take place at:

 

Directions Hearing for Capital Reduction

28 March 2025

Confirmation Hearing for Capital Reduction

8 April 2025

 

The remaining expected timetable of principal events for the Tender Offer remains as set out in Part I of the Circular, as below:

 

 

Latest time and date for receipt of Forms of Proxy and electronic voting instructions

10.00 a.m. on 17 March 2025

General Meeting

10.00 a.m. on 19 March 2025

Anticipated date to announce results of the General Meeting

20 March 2025

Directions Hearing for Capital Reduction

28 March 2025

Confirmation Hearing for Capital Reduction

8 April 2025

Effective date for Capital Reduction

17 April 2025

Latest time and date for receipt of Tender Forms and settlement of TTE instructions and share certificates in relation to the Tender Offer (i.e. close of Tender Offer)

1.00 p.m. on 22 April 2025

Tender Offer Record Date

6.00 p.m. on 22 April 2025

Announcement of results of the Tender Offer

23 April 2025

Purchase of Ordinary Shares under the Tender Offer

24 April 2025

CREST accounts credited for revised, uncertificated holdings of Ordinary Shares (or, in the case of unsuccessful tenders, for entire holdings of Ordinary Shares)

by 24 April 2025

CREST accounts credited in respect of Tender Offer proceeds for uncertificated Ordinary Shares

by 29 April 2025

Despatch cheques in respect of Tender Offer proceeds for certificated Ordinary Shares

by 6 May 2025

Return of share certificates in respect of unsuccessful tenders of certificated Ordinary Shares

by 6 May 2025

Despatch of balancing share certificates (in respect of certificated Ordinary Shares) for revised, certificated holdings in the case of partially successful tenders

by 6 May 2025

 

All times are references to London times and are indicative only and may change. Each of the above times and dates is based on the Company's expectations as at the date of this Circular. If any of the above times and/or dates change, the revised times and/or dates will be notified to Shareholders by an announcement through a Regulatory Information Service.

 

 

For further information

Bigblu Broadband PLC

www.bbb-plc.com

Frank Waters, Chief Executive Officer

www.bbb-plc.com

Cavendish Capital Markets Limited (Nomad and Broker)

Marc Milmo / Finn Gordon (Corporate Finance)

Tim Redfern / Jamie Anderson (ECM)

Tel: +44 (0)20 7220 0500

 

Cautionary note regarding forward-looking statements

 

 

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "forecasts", "plans", "prepares", "targets", "anticipates", "projects", "expects", "intends", "may", "will", "seeks", or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the Company's and the Directors' intentions, beliefs or current expectations concerning, amongst other things, the Company's prospects, growth and strategy. No statement in this announcement is intended to be a profit forecast and no statement in this announcement should be interpreted to mean the Company's performance in future would necessarily match or exceed the historical published performance of the Company.

 

By their nature, forward-looking statements involve risks and uncertainties because they relate to future events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual performance, achievements and financial condition may differ materially from those expressed or implied by the forward-looking statements in this announcement. In addition, even if the Company's results of operations, performance, achievements and financial condition are consistent with the forward-looking statements in this announcement, those results or developments may not be indicative of results or developments in subsequent periods.

 

Any forward-looking statements that the Company makes in this announcement speak only as of the date of such statement, and none of the Company or the Directors undertake any obligation to update such statements unless required to do so by applicable law. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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