GM update and adjournment notice

For immediate release

Heading: GM update and adjournment notice

ICONIC LABS PLC - IN ADMINISTRATION

The Joint Administrators provide the following update on the administration and the adjournment of General Meeting:

Update

The Joint Administrators are pleased to report that the Board of the Company have provided a Statement of Affairs and much of the financial and other information which has been requested from them and we are currently reviewing what we have received.

The Joint Administrators are also working with the Board and a potential funder with a view to determining whether there is any potentially viable financial proposal which could be proposed to creditors, and if relevant to shareholders.

General Meeting

The General Meeting which had been convened for 2.00pm on Tuesday 15 June 2021 and which was adjourned until Tuesday 29 June 2021 ("GM") has been further adjourned to 2.00 p.m. on Tuesday, 13 July 2021 to be held at the same place as the GM was convened, namely the offices of KWM Europe LLP, 11th Floor, 20 Fenchurch Street, London EC3M 3BY. 

Proxies that have been submitted for the GM will remain valid for the adjourned GM and you do not need to submit a new proxy unless you wish to change how your proxy should vote. However, you may continue to submit a proxy form for the GM up to 2.00pm on Friday 9 July 2021. Proxy forms must be submitted in accordance with the instructions set out in the notice of meeting dated 20 May 2021.