REG - De La Rue PLC - DE LA RUE PLC ANNOUNCES GENERAL MEETING

De La RueAnnouncement

27/10/2022 13:00

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RNS Number : 3733E  De La Rue PLC  27 October 2022

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated by the Market Abuse Regulation
(EU) No.596/2014, as it forms part of UK law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"). Upon the publication of this announcement, this
inside information is now considered to be in the public domain.

 

 

27 October 2022

 

DE LA RUE PLC ANNOUNCES GENERAL MEETING

De La Rue plc (LSE: DLAR) ("De La Rue", the "Group" or the "Company") confirms
that it has received a request from Crystal Amber Fund Limited ("Crystal
Amber") for the Company's Chairman, Kevin Loosemore to resign with immediate
effect.

The Board has engaged with Crystal Amber on a number of occasions to
understand its concerns and so is disappointed that it has chosen to pursue
this course of action, particularly in light of the overwhelming support
(97.8%) received from shareholders for the re-election to the Board of Kevin
Loosemore at the Company's Annual General Meeting held earlier this year on 27
July 2022.

The Company, led by CEO Clive Vacher, continues to execute its strategy and
will provide an update on progress made at the time of its interim results due
to be announced on 23 November 2022.

The Company will shortly be sending out a notice to its shareholders convening
a general meeting to be held on Friday 2 December 2022, where the Company will
put to shareholders whether Mr Loosemore should continue as Chairman.

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

Enquiries:

 

 De La Rue plc       +44 (0) 7990 337707
 Clive Vacher        Chief Executive Officer
 Rob Harding         Chief Financial Officer
 Louise Rich         Head of Investor Relations

 Brunswick           +44 (0)207 404 5959
 Stuart Donnelly

 Ed Brown

The person responsible for the release of this announcement on behalf of De La
Rue for the purposes of MAR is Rob Bellhouse (Company Secretary).

 

About De La Rue

 

De La Rue plc's purpose is to secure trust between people, businesses and
governments. As a trusted partner of governments, central banks and commercial
organisations seeking to secure their global supply chains and cash
cycles, De La Rue provides highly secure physical and digital solutions that
underpin the integrity of economies and trade.

De La Rue's Currency division provides market-leading end-to-end currency
solutions, from finished banknotes to secure polymer substrate and banknote
security features to over half the central banks and issuing authorities
around the world.

Our Authentication division protects revenues and reputations through the
provision of physical and digital solutions to governments and commercial
organisations. We also manufacture financial documents and ID security
components.

De La Rue's 2,300 employees work with organisations in more than 140
countries, leveraging the group's manufacturing facilities in the UK, US,
Malta, Sri Lanka and Kenya.

De La Rue's shares are traded on the London Stock Exchange (LSE:DLAR). For
further information please visit www.delarue.com (http://www.delarue.com/) .

Cautionary note regarding forward-looking statements

 

This announcement includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "anticipates", "expects", "intends", "plans", "may",
"will", "could", "shall", "risk", "aims", "predicts", "continues", "assumes",
"positioned" or "should" or, in each case, their negative or other variations
or comparable terminology. These forward-looking statements include all
matters that are not historical facts. They appear in a number of places
throughout this announcement and include statements regarding the intentions,
beliefs or current expectations of the directors, De La Rue or the Group
concerning, amongst other things, the results of operations, financial
condition, liquidity, prospects, growth and strategies of De La Rue and the
industry in which it operates.

By their nature, forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors because they relate to events and
depend on circumstances that will occur in the future whether or not outside
the control of the Company. Past performance cannot be relied upon as a guide
to future performance and should not be taken as a representation or assurance
that trends or activities underlying past performance will continue in the
future. Accordingly, investors or potential investors should not place undue
reliance on these forward-looking statements. The Group's actual results of
operations, financial condition, liquidity and the development of the industry
in which it operates may differ materially from the impression created by the
forward-looking statements contained in this announcement. In addition, even
if the results of operations, financial condition and liquidity of the Group
and the development of the industry in which it operates, are consistent with
the forward-looking statements contained in this announcement, those results
or developments may not be indicative of results or developments in subsequent
periods.

Other than in accordance with its legal or regulatory obligations, De La Rue
does not undertake any obligation to update these forward-looking statements,
which speak only as at the date of this announcement, and will not publicly
release any revisions that may be made to these forward-looking statements,
which may result from events or circumstances arising after the date of this
announcement.

 

 

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