ITE Group PLC Publication of Circular & Notice of GM (8947Z)
06 September 2018 - 1:12AM
UK Regulatory
TIDMITE
RNS Number : 8947Z
ITE Group PLC
05 September 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT
JURISDICTION
ITE Group plc
("ITE" or the "Group")
Publication of Circular and Notice of General Meeting
Further to the announcement earlier today by ITE Group plc
("ITE" or the "Group") regarding the proposed disposal of ITE Expo
LLC, the operating company of the Group's Non-Core Events in Russia
(the "Transaction"), ITE announces the publication of a circular
(the "Circular") containing a notice of general meeting of the
Group's shareholders to be convened at 9:30am on 24 September 2018
at the offices of Macfarlanes LLP at 20 Cursitor Street, London
EC4A 1LT (the "General Meeting").
At the General Meeting, the Group's independent shareholders
will be asked to approve an ordinary resolution to authorise the
Transaction as a "related party transaction" under the Listing
Rules. The procedures and timings for shareholders to vote on the
ordinary resolution are set out in the notice of the General
Meeting in the Circular.
The Circular and a Form of Proxy in relation to the General
Meeting are being posted today, and the Circular will shortly be
available for viewing, subject to regulatory requirements, on the
Company's website at
http://www.ite-exhibitions.com/investor-relations. A copy of the
Circular will also be submitted to the National Storage Mechanism
and will shortly be available at www.morningstar.co.uk/uk/NSM.
For further information please contact:
+44 (0) 20 7596
ITE 5017
Melissa McVeigh, Director of Communications
+44 (0) 20 7260
Numis Securities Limited 1000
Nick Westlake / Toby Adcock / Hugo Rubinstein
+44 (0) 20 3727
FTI Consulting 1000
Charles Palmer / Harry Staight
About ITE Group plc
ITE Group plc was founded in 1991 and is now one of the world's
leading organisers of international exhibitions and
conferences.
ITE Group's strategic vision is to create the world's leading
portfolio of content-driven, must-attend events delivering an
outstanding experience and ROI for our customers. In May 2017 the
Group launched its Transformation & Growth (TAG) programme,
which is designed to transform the Company from a geographic-led
business to a product-led business that focuses on market-leading
events, wherever they are in the world. ITE strives to run the best
shows and offer the best service to its customers throughout the
world regardless of location. By putting exhibitors and visitors at
the heart of everything we do, we plan to drive sustainable growth
for our shareholders.
ITE Group plc is a public limited company and has been listed on
the main market of the London Stock Exchange since 1998.
Disclaimer:
This announcement contains forward-looking statements relating
to the business, financial performance and results of ITE and the
industry in which ITE operates. These statements may be identified
by words such as "expect", "believe", "estimate", "plan", "target",
or "forecast" and similar expressions, or by their context. These
statements are made on the basis of current knowledge and
assumptions and involve risks and uncertainties. Various factors
could cause actual future results, performance or events to differ
materially from those described in these statements and neither ITE
nor any other person accepts any responsibility for the accuracy of
the opinions expressed in this presentation or the underlying
assumptions. No obligation is assumed to update any forward-looking
statements.
Numis Securities Limited ("Numis"), which is authorised and
regulated by the Financial Conduct Authority in the United Kingdom,
is acting solely for ITE in relation to the Transaction and nobody
else as a client in relation to the Transaction and will not be
responsible to anyone other than ITE for providing the protections
afforded to the clients of Numis or for providing advice in
relation to the Transaction.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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