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| Date | 21 Sept 2021 |
| Time | 07:00:06 |
| Category | Miscellaneous |
| ID | 3372M |
Bigblu Broadband plc
('BBB', the 'Company' or the 'Group')
Return of Capital Timetable
Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast and ultra-fast broadband services, announces an updated timetable relating to the proposed return of capital as announced on 6 September 2021 (the "Announcement"). The timetable below includes the ex-entitlement date. All other dates remain unchanged from the timetable set out in the Announcement and in the circular posted to shareholders on 6 September 2021.
Expected Timetable of Principal Events
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Time and date |
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Latest time and date for receipt of Forms of Proxy, CREST Proxy Instructions and registration of online votes from Shareholders in respect of the General Meeting |
10.00 a.m. on 28 September 2021 |
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General Meeting |
10.00 a.m. on 30 September 2021
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Ex-entitlement date |
1 October 2021 |
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Record Time for entitlement to B Shares |
6.00 p.m. on 4 October 2021 |
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B Shares issued equal to number of Existing Ordinary Shares held at the Record Date |
8.00 a.m. on 5 October 2021 |
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B Shares redeemed and cancelled |
8.00 a.m. on 5 October 2021 |
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Despatch of cheques and CREST accounts credited in respect of proceeds from the redemption of the B Shares |
20 October 2021 |
Notes:
All references are to London time unless otherwise stated.
The timetable may be subject to change. If any of the above times and/or dates should change, the new times and/or dates will be announced to Shareholders through a Regulatory Information Service.
For further information:
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Bigblu Broadband Group PLC |
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Andrew Walwyn, Chief Executive Officer Frank Waters, Chief Financial Officer
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Via Walbrook PR |
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finnCap (Nomad and Broker) Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Tim Redfern / Richard Chambers (ECM)
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Tel: +44 (0)20 7220 0500 |
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Walbrook PR (PR / IR advisers) |
Tel: +44 (0)20 7933 8780 or |
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Nick Rome/Tom Cooper/Nicholas Johnson |
About Bigblu Broadband plc
Bigblu Broadband plc (AIM: BBB.L), is a leading provider of alternative super-fast broadband solutions throughout Europe and Australia. BBB delivers a portfolio of super-fast wireless broadband products for consumers and businesses unserved or underserved by fibre.
High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in many countries provide a solid foundation for significant organic growth as demand for alternative super-fast broadband services increases around the world.
BBB's range of solutions includes satellite, next generation fixed wireless and 4G/5G delivering between 30 Mbps and 150 Mbps for consumers, and up to 1 Gbps for businesses. BBB provides customers ongoing services including hardware supply, installation, pre and post-sale support billings and collections, whilst offering appropriate tariffs depending on each end user requirements.
Importantly, as its core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for 'video-on- demand'. Its alternative broadband offerings present a customer experience that is similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart-phones via a normal wired or wireless router.