REG - De La Rue PLC - 2023 AGM Voting Update

De La RueAnnouncement

07/03/2024 13:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240307:nRSG0331Ga&default-theme=true

RNS Number : 0331G  De La Rue PLC  07 March 2024

 

7 March 2024

De La Rue plc

2023 AGM voting update

In its 2023 Annual General Meeting results announcement on 7 September 2023,
De La Rue plc noted that Resolution 15, in relation to the additional
dis-application of pre-emption rights, did not receive sufficient support to
be passed at the AGM and received over 20% of votes against.

The Board confirmed that the resolution was entirely in line with the
Statement of Principles published by the Pre-Emption Group in November 2022
and the specific authority sought would have been limited to issuance of
equity for cash in connection with an acquisition or specified capital
investment. The Board was aware that at the time, market practice in relation
to the dis-application of pre-emption rights had yet to settle on a consensus
position, notwithstanding the Austin Review of secondary capital raising and
the subsequent amendment of the Statement of Principles by the Pre-Emption
Group.

Subsequent to the AGM, we have engaged with our largest shareholders to
understand their views on this resolution, which included that the level of
authority sought could result in inappropriate levels of dilution.

The Board will continue to consult with shareholders and will keep this matter
under review in determining the authorities to be sought by shareholders at
the 2024 AGM.

 

Enquiries

 De La Rue plc     +44 (0)1256 605000
 Jon Messent       Company Secretary and General Counsel
 Louise Rich       Head of Investor Relations

About De La Rue

Established 210 years ago, De La Rue is trusted by governments, central banks,
and international brands, providing digital and physical solutions that
protect their supply chains and cash cycles from counterfeiting and illicit
trade.

With operations in five continents, customers in 140 countries and solutions
that include advanced track and trace software, security document design,
banknotes, brand protection labels, tax stamps, security features and passport
bio-data pages, De La Rue brings unparalleled knowledge and expertise to its
partnerships and projects.

Our core focus areas are:

- Authentication: leveraging advanced digital software solutions and security
labels to protect revenues and reputations from the impacts of illicit trade,
counterfeiting, and identity theft.

- Currency: designing and manufacturing highly secure banknotes and banknote
components that are optimised for security, manufacturability, cash cycle
efficacy and public engagement.

The security and trust derived from our solutions pave the way for robust
economies and flourishing societies. This is underpinned by a significant
Environmental, Social, and Governance commitment that is evidenced by
accolades such as the ISO 14001 certification and a consistent ranking in the
top tier of the Financial Times European Climate Leaders list.

De La Rue's shares are traded on the London Stock Exchange (LSE: DLAR). De La
Rue plc's LEI code is 213800DH741LZWIJXP78. For further information please
visit www.delarue.com.

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMXDLFBZXLBBBF