Company Announcements

Withdrawal of AGM Resolutions 14 and 15

Source: RNS
RNS Number : 1709P
Portmeirion Group PLC
21 May 2024
 

21 May 2024

 

Portmeirion Group PLC

("Portmeirion Group" or the "Company")

 

Withdrawal of Annual General Meeting Resolutions 14 and 15

 

The Board of Portmeirion Group today announces that it has decided to withdraw Resolutions 14 and 15 from the agenda of the Annual General Meeting ("AGM") of the Company's shareholders to be held at 12.00 noon on 21 May 2024.

 

Resolution 14 proposed the authority to allot shares subject to certain limits in compliance with the share capital management guidelines published by The Investment Association.  Resolution 15 was a special resolution, which proposed the partial disapplication of pre-emption rights in order for the Board to allot equity securities and to sell treasury shares of up to 10% of the Company's current share capital for cash. Whilst these are resolutions that have been proposed successfully for a number of years, the decision has been taken to withdraw the resolutions following indications from a small number of significant shareholders in the Company that they do not support the resolutions.

 

The withdrawal of Resolutions 14 and 15 does not affect the validity of the remainder of the resolutions to be proposed at the AGM, or that of proxy votes already submitted in respect of the remaining resolutions to be put to shareholders for approval at the meeting. The numbering of all other proposed resolutions at the AGM remains unchanged.

 

Arrangements for the AGM are unchanged from those previously notified.

 

ENQUIRIES:

 

Portmeirion Group PLC:

 

 

Mike Raybould, Chief Executive

+44 (0) 1782 743 443

mraybould@portmeiriongroup.com

David Sproston, Group Finance Director

+44 (0) 1782 743 443

dsproston@portmeiriongroup.com

 

 

 

Hudson Sandler:

 

 

Dan de Belder

+44 (0) 207 796 4133

portmeirion@hudsonsandler.com

Nick Moore

Emily Brooker



 

Shore Capital:

(Nominated Adviser and Joint Broker):

 

+44 (0) 207 408 4090


Patrick Castle

Corporate Advisory


Lucy Bowden

Malachy McEntyre

 

Corporate Broking


 

Singer Capital Markets

(Joint Broker):

 

+44 (0) 207 496 3000


Peter Steel

Investment Banking


Asha Chotai



 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCBLGDUBDDDGSG