Bond.az - Sundae Bar PLC (AIM:SBAR) announced Thursday it has posted a circular for two warrant holder general meetings scheduled for June 15, 2026.
The 2023 1p Warrant Holder General Meeting will be held at 11:00 a.m., and the 2025 1p & 2p Warrant Holder General Meeting at 11:15 a.m. on that date. Both meetings will take place at the offices of Druces LLP, 6th Floor, 99 Gresham Street, London.
The company currently has 60,250,000 2023 1p warrants, 35,000,000 2025 1p warrants and 2,897,620 2025 2p warrants outstanding.
The 2023 1p meeting will consider resolutions to increase the exercise price from 1p to 1.5p per warrant, extend the exercise period to commence on June 15, 2026 and end on June 15, 2028, and implement a 12-month lock-in period.
The 2025 1p & 2p meeting will consider resolutions to increase exercise prices from 1p to 1.5p per 2025 1p warrant and from 2p to 2.5p per 2025 2p warrant, extend the subscription period to commence on June 15, 2026 and end on June 15, 2028, and implement a 12-month lock-in period.
The latest time for receipt of proxy forms is 11:00 a.m. on June 11, 2026 for the 2023 1p meeting and 11:15 a.m. on June 11, 2026 for the 2025 1p & 2p meeting.
A copy of the circular will be available on the company's website. Beaumont Cornish Limited serves as the company's nominated adviser.
This article was generated with the support of AI and reviewed by an editor.
