REG - Anexo Group PLC - Result of General Meeting

AnexoAnnouncement

Wed 12:30

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RNS Number : 2648U  Anexo Group PLC  06 August 2025

Anexo Group Plc

('Anexo' or the 'Company')

Result of General Meeting

Anexo Group Plc (AIM:ANX), the specialist integrated credit hire and legal
services provider, announces the result of its General Meeting, held at the
offices of Bond Turner Limited, 5th Floor, The Plaza, 100 Old Hall Street,
Liverpool, L3 9QJ on 6 August 2025 at 10:00am.

As announced on 22 July 2025, an ordinary resolution to approve the return of
up to £12 million in cash at 60 pence per Ordinary Share to Shareholders by
way of a tender offer (the "Tender Offer") was today put to members and passed
on a poll. The number of votes cast for and against the Tender Offer
Resolution proposed, and the number of votes withheld were as follows:

  Resolution                                                                  Votes for   %      Votes against  %     Votes withheld  Total votes cast (excluding withheld)
 To authorise the Company to make one or more market purchases of its own     76,663,006  93.92  4,963,233      6.08  58,200          81,626,239
 ordinary shares of £0.0005 each in the capital of the Company ("Ordinary
 Shares") pursuant to, for the purposes of, or in connection with, a tender
 offer for Ordinary Shares, subject to the terms set forth in the Notice of
 Meeting.

 

As at 6 August 2025, there were 117,990,294 Ordinary Shares in issue.
Shareholders are entitled to one vote per share. Votes withheld are not votes
in law and so have not been included in the calculation of the proportion of
votes for and against a resolution.

The full text of the Tender Offer Resolution is available in the Notice of
General Meeting, published on the Company's website.

Tender Offer

As the Tender Offer Resolution has passed, the implementation of the Tender
Offer is unconditional. The Closing Date of the Tender Offer is 1.00 p.m. on 7
August 2025 and is open to all Eligible Shareholders, being Shareholders on
the Register on the Record Date, being 6.00 p.m. on 7 August 2025, excluding
those with registered addresses in a Restricted Jurisdiction and each of
Bidco, Dawn O'Brien and Rachael Wong (each of whom has undertaken not to
participate in the Tender Offer).

An announcement of the result of the Tender Offer shall be made at 7.00 a.m.
on 11 August 2025.  An expected timetable of principal events is included
below.

Capitalised terms used in this announcement shall, unless otherwise defined,
have the same meanings as set out in the Tender Offer announcement.

 

For further enquiries:

 Anexo Group Plc                                       +44 (0) 151 227 3008

 Mark Bringloe, Chief Financial Officer

 Nick Dashwood Brown, Head of Investor Relations       www.anexo-group.com

 Shore Capital                                         +44 (0) 20 7408 4090

(Nomad & Broker to Anexo Group Plc)

 Tom Griffiths / Sophie Collins (Corporate Advisory)

 Guy Wiehahn (Corporate Broking)

 

EXPECTED TIMETABLE OF PRINCIPAL EVENTS(1)

 Event                                                                           Date (all 2025)(2)
 Latest time and date for receipt of Tender Forms and settlement of TTE          1.00 p.m. on 7 August
 Instructions (i.e. Closing Date of the Tender Offer)
 Record Date for the Tender Offer                                                6.00 p.m. on 7August
 Announcement of the result of the Tender Offer                                  7.00 a.m. on 11 August
 CREST accounts credited with unsuccessfully tendered uncertificated Ordinary    not later than 13 August
 Shares
 Expected purchase of Ordinary Shares (CREST and certificated) under the Tender  not later than 13 August
 Offer
 CREST accounts credited in respect of Tender Offer proceeds for uncertificated  15 August
 Ordinary Shares
 Despatch of cheques in respect of Tender Offer proceeds for certificated        by 19 August
 Ordinary Shares
 Return of share certificates in respect of unsuccessful tenders or balance      by 19 August
 share certificates

 

Notes:

1.   References to times in this Announcement are to London time, unless
otherwise stated.

2.   Each of the times and dates in the above timetable is subject to
change. If any of the above times and/or dates change, the revised times
and/or dates will be notified to Shareholders by an announcement through a
Regulatory Information Service which will also be available on the Company's
website.

 

Notes to Editors:

Anexo is a specialist integrated credit hire and legal services provider. The
Group has created a unique business model by combining a direct capture Credit
Hire business with a wholly owned Legal Services firm. The integrated business
targets the impecunious not at fault motorist, referring to those who do not
have the financial means or access to a replacement vehicle.

Through its dedicated Credit Hire sales team and network of
over 1,100 active introducers around the UK, Anexo provides customers with
an end-to-end service including the provision of Credit Hire vehicles,
assistance with repair and recovery, and claims management services. The
Group's Legal Services division, Bond Turner, provides the legal support to
maximise the recovery of costs through settlement or court action as well as
the processing of any associated personal injury claim.

The Group was admitted to trading on AIM in June 2018 with the ticker ANX.

For additional information please visit: www.anexo-group.com
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