REG - Portmeirion Group - Withdrawal of AGM Resolutions 14 and 15

PortmeirionAnnouncement

21/05/2024 07:00

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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:                          +44 (0) 207 408 4090

 (Nominated Adviser and Joint Broker):
 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

 

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