Utilitywise plc General Meeting (3008O)
16 May 2018 - 9:21PM
UK Regulatory
TIDMUTW
RNS Number : 3008O
Utilitywise plc
16 May 2018
16 May 2018
Utilitywise plc
("Utilitywise" or "the Company")
General Meeting
Utilitywise plc (AIM:UTW), a leading independent utility cost
management consultancy, confirms that it held a General Meeting
today.
The purpose of the meeting was to consider, pursuant to section
656 of the Companies Act 2006, whether any, and if so what, steps
should be taken to address the fact that the net assets of the
Company have fallen to half or less of its called-up share capital,
by reference to the balance sheet of the Company as at 31 July
2017.
In light of the fact that the loss of capital is primarily due
to a change in accounting policy in respect of revenue, as
explained fully in the financial statements of the Company for the
year ended 31 July 2017, rather than due to underlying trading
reasons, the Board did not consider it necessary to propose any
resolutions in relation to this matter at the General Meeting.
For further information please contact:
Utilitywise plc 0330 303 0233
Brendan Flattery (CEO)
Richard Laker (CFO)
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode / James Thompson (Corporate
Finance)
Andrew Burdis (Corporate Broking)
Liberum (Joint broker) 020 3100 2000
Robert Morton / Steve Pearce
Redleaf Communications 020 3757 6865
Robin Tozer / Elisabeth Cowell utilitywise@redleafpr.com
This information is provided by RNS
The company news service from the London Stock Exchange
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May 16, 2018 07:21 ET (11:21 GMT)
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