Block Commodities Ltd (BLCC)
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Block Commodities Limited
("Block Commodities" or the "Company")
Block Commodities Limited / Epic: BLCC / Sector: Mining
Shareholder Update - General Meeting
Block Commodities, the innovative commodity trader operating in Africa, announces that following discussions with the NEX Exchange it has agreed to convene a general meeting of shareholders (the "General Meeting") to allow shareholders to vote whether they wish for the Company to become involved in the medicinal cannabis industry, by virtue of equity participation in operating companies in jurisdictions where cultivation of medicinal cannabis is permitted by law.
The reason for holding the meeting is to afford shareholders a specific opportunity to decide whether or not they wish for the Company to pursue activities/investments in the medicinal cannabis sector. A circular to shareholders which will accompany the notice of General Meeting will explain the legal framework, considerations, risks and requirements of the Company's proposed new investments in this sector.
The Board intend to post the notice of General Meeting and circular to shareholders as soon as possible and in any event, on or before 30 April 2019.
The Directors of the Company accept responsibility for the content of this announcement.
For further information, please contact:
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