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LONDON - Beacon Rise Holdings PLC, a company listed on the London Stock Exchange (LON:LSEG), has announced a General Meeting to be held on March 21, 2025. The primary agenda for the meeting is to seek shareholder approval to continue the pursuit of a suitable acquisition target for an additional 12 months, from March 25, 2025, to March 24, 2026.
The company, which was admitted to the Official List of the Financial Conduct Authority and began trading on the London Stock Exchange on March 25, 2022, had initially targeted acquisitions within the first 24 months following its admission. According to the Board of Directors, if no acquisition had been announced by that time, they would recommend that shareholders either vote to extend the search for an acquisition or consider winding up the company.
Last year, shareholders approved the Board’s recommendation to extend the period for finding a suitable acquisition. However, the company has yet to secure an acquisition target, prompting the Board to propose another extension.
Shareholders registered on the company’s register of members as of 1pm on March 21, 2025, are entitled to vote on the resolution. The company has provided a Form of Proxy for those unable to attend the meeting in person, which must be returned by 9am on March 19, 2025.
The Chairman of Beacon Rise Holdings, Xiaobing Wang, has encouraged all shareholders to vote on the resolution, emphasizing the importance of their participation regardless of the number of shares owned. He also noted that the company is committed to reducing paper usage and has made provisions for electronic voting.
The resolution, if passed, would authorize the company to continue its search for an acquisition target, which may include a merger, capital stock exchange, asset acquisition, stock purchase, scheme of arrangement, reorganization, or similar business combination with an operating company or business.
The outcome of the General Meeting and the resolution will be closely watched by investors and market analysts, as it will determine the company’s strategic direction for the next year. This article is based on a press release statement from Beacon Rise Holdings PLC.
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