10 January 2023
Baltic Classifieds Group PLC
(the "Company")
Update statement on 2022 Annual General Meeting voting results
At the Baltic Classifieds Group PLC 2022 Annual General Meeting held in September 2022 ("AGM"), all resolutions were successfully passed with the requisite majority. However, there was a significant vote against Resolution 17 relating to the waiver granted by the Panel on Takeovers and Mergers in relation to share buyback authority.
Since the AGM, the Company's executive management have contacted all major investors inviting them to discuss this resolution and to share any concerns they had in relation to it. The management held discussions with a few investors that expressed their wish to engage and clarified their reasons for voting against. Management will continue to take into consideration all regulatory, legal and governance code requirements when making decisions that are in the best interest of the Company.
Enquiries
Baltic Classifieds Group PLC
Company Secretary: E-mail: cosec@balticclassifieds.com
Baltic Classifieds Group PLC LEI: 213800I1RPHCFSSQS969
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