INSPECS GROUP PLC — Share Issue/Capital Change 2020

Nov 20, 2020

National Storage Mechanism | Additional information

RNS Number : 9983F

Inspecs Group PLC

20 November 2020

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

20 November 2020

Inspecs Group plc

("Inspecs", the "Company" or the "Group")

Publication of Circular and Notice of General Meeting

Further to yesterday's announcement of the successful Placing ("Results Announcement"), Inspecs Group plc announces that a general meeting of the Company ("General Meeting") will be held at 10.30am on 7 December 2020 at the Company's registered office at 7-10 Kelso Place, Bath, Somerset, BA1 3AU, United Kingdom.

Pursuant to the Placing, 30,476,191 new Ordinary Shares (representing approximately 43% of the Company's existing Ordinary Shares) have been allotted at the Placing Price conditional on, amongst other matters, Shareholder approval. The Company's existing share allotment authorities are insufficient to allow the Placing to proceed. Therefore, the Placing is conditional on the passing of the Resolutions (as defined in the Circular).

An explanatory circular (the "Circular") containing a notice convening the General Meeting, along with an accompanying form of proxy to vote at the General Meeting, will be posted to shareholders today.

The Circular and the Notice of General Meeting will also be available to view on the Company's website at inspecs.com

In light of the social distancing measures imposed by the UK Government as a result of the current COVID-19 pandemic, any member seeking to attend the meeting in person will be refused entry and should therefore appoint the chairman of the general meeting as its proxy. Further details can be found in the Circular. Shareholders must submit their votes by proxy no later than 10.30am on 5 December 2020.

Capitalised terms not otherwise defined in this announcement shall have the meaning given to them in the Circular or the Results Announcement.

For further information please contact:

Inspecs Group PLC Robin Totterman (CEO) Chris Kay (CFO)	via FTI Consulting Tel: +44 (0) 20 3727 1000
Peel Hunt (Nominated Adviser and Sole Broker) Adrian Trimmings Andrew Clark Will Bell	Tel: +44 (0) 20 7418 8900
FTI Consulting (Financial PR) Alex Beagley James Styles Fern Duncan Alice Newlyn	Tel: +44 (0) 20 3727 1000

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