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Acceler8 Ventures Plc announced on 18 August 2025 that, following the expiration of the FCA's Transition Provisions for shell companies on 29 July 2025, its Board of Directors intends to propose a special resolution. This resolution will be presented at the next general meeting of shareholders to amend the Company's articles of association to comply with UKLR 13.2.1R. The proposed amendment will stipulate that if the Company has not completed an initial transaction on or before 30 July 2027, it will cease operations and return any excess cash to shareholders.
| Date | 18 Aug 2025 |
| Time | 11:02:06 |
| Category | Miscellaneous |
| ID | 7156V |
18 August 2025
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
ACCELER8 VENTURES PLC
Expiration of FCA Transition Provisions
Acceler8 Ventures Plc (LSE: AC8, "AC8" or the "Company"), the Main Market listed acquisition company, announces that further to the expiration of the FCA's Transition Provisions in relation to shell companies on 29 July 2025, the Board of Directors of the Company intend to propose a special resolution to amend the Company's articles of association at its next general meeting of shareholders in order to comply with UKLR 13.2.1R.
Under this resolution, the Directors will recommend that the articles of association of the Company are amended to provide that if the Company has not completed an initial transaction on or before the 30 July 2027, it will cease operations and return any excess cash to shareholders.
Enquiries:
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Tessera Investment Management Limited |
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Tony Morris |
+44 (0) 7742 189145 |