Vertical Aerospace Ltd. (“Vertical” or the “Company”), a global aerospace and technology company that is pioneering zero emission aviation, announces it will hold an extraordinary general meeting of the shareholders of the Company (the “EGM”), to be held at 10:30 a.m. GMT on December 23, 2024 at the offices of the Company: 4th Floor, United House, 9 Pembridge Road, London W11 3JY, United Kingdom.
This follows the signing of a term sheet by and among the Company, its majority shareholder Stephen Fitzpatrick, and its primary creditor Mudrick Capital Management on 24 November 2024, outlining an agreement in principle to address the Company’s more immediate cash requirements and facilitate longer-term fund raising.
Shareholders are invited to consider certain amendments to the Company's third amended and restated memorandum and articles of association.
The Company has furnished a circular to its shareholders, providing notice of the EGM, and including a form of proxy card in connection with the proposals sought to be adopted by the EGM, which is attached as an exhibit to a current report on Form 6-K, filed with the U.S. Securities and Exchange Commission (“SEC”) on 13 December, 2024.
