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LONDON - Kistos Holdings PLC (AIM:KIST), an independent energy company, announced today that its Annual General Meeting (AGM) is scheduled to be held virtually on June 30, 2025. The notice of the AGM, along with the proxy form, has been distributed to the company’s shareholders.
The AGM will address routine matters typically conducted at such meetings. However, this year, a special item of business is being proposed for shareholder consideration—the Capital Reduction. If shareholders approve the Capital Reduction, it would enable the creation of distributable reserves which, depending on the company’s financial performance and compliance with the Companies Act, could allow Kistos to return capital to its shareholders in the future.
The implementation of the Capital Reduction is subject to several conditions, including the approval of shareholders at the AGM and subsequent approval by the Court. Detailed information about the Capital Reduction, including its timetable and the actions required by shareholders, is outlined in the circular accompanying the AGM notice.
Kistos Holdings has made the AGM notice available for inspection on its website. The company has not disclosed any further details regarding the potential impact of the Capital Reduction on its financial position or the specific amount of capital that may be returned to shareholders.
This announcement, which is based on a press release statement, provides shareholders and the public with essential information regarding the upcoming AGM and the significant matter of the proposed Capital Reduction to be voted on during the meeting.
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