Essentra PLC has announced the publication of a shareholder circular and notice of a general meeting. The general meeting is scheduled to be held on November 14, 2023, at Slaughter and May in London. The purpose of the meeting is to propose two special resolutions that require shareholder approval. These resolutions will allow the company to manage its future capital allocation more effectively by moving its merger relief reserve from non-distributable reserves to distributable reserves. This reclassification will not have any impact on profit or cash.
Shareholders will receive a hard copy of the circular or a notification regarding its publication on the company's website. The notice of the general meeting will be submitted to the National Storage Mechanism and will be available for inspection on the mechanism's website as well as on the company's website.
Full details of the business and arrangements for the general meeting, including voting procedures, are provided in the notice of the general meeting.