REG - Frasers Group PLC - Notice of AGM

FrasersAnnouncement

26/09/2022 16:00

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RNS Number : 5334A  Frasers Group PLC  26 September 2022

Notice of AGM

The Company announces that the following documents are today being made
available electronically to shareholders and have been published on the
Company's corporate website at https://www.frasers.group/financials/2022-agm
(https://www.frasers.group/financials/2022-agm)

·Notice of Annual general Meeting ("AGM") of the Company.

-     The resolutions include changes to be made to the Executive Share
Scheme whereby all such awards to executives in the Scheme will now need both
to meet a hurdle share price of £15 for 30 consecutive dealing days (Chris
Wootton, David Almudallal, Sean Nevitt previously £12 per share); and also be
conditional on the Group achieving an adjusted profit before tax of at least
£500m in the Annual Report and Accounts during the vesting period; and

-     As per the RNS of 20 September 2022, Mike Ashley will not be
standing for re-election as a director.

· Annual Report and Accounts 2022.

-     The audited FY22 Annual Report and Accounts have been finalised
showing statutory profit before tax of £335.6m (FY21 £8.5m), including
Studio Retail Limited and non-cash movements to fair values of derivatives,
and adjusted profit before tax of £339.8m (FY21: loss of £39.9m) including
Studio Retail Limited.

-     We reconfirm our outlook statement of achieving adjusted profit
before tax of between £450m and £500m for the financial year ending 30 April
2023; and

·2022 AGM Form of Proxy

Copies will be posted to shareholders who have requested a hard copy.

The Company's AGM will be held on Wednesday 19(th) October 2022 at 9am at The
Auditorium, Unit D Brook Park East, Shirebrook, NG20 8RY.

Copies of these documents have been uploaded to the National Storage Mechanism
and will be available for viewing shortly at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

Frasers Group plc

Robert Palmer, Company
Secretary
T. 0344 245 9200

LEI:213800JEGHHEAXIJDX34
E. investor.relations@frasers.group

 

Chris Wootton, Chief Financial
 
T. 0344 245 9200

Officer
E. financial@frasers.group

 

Ronnie Laffar, Head of PR &
 
T. 0344 245 9399

Communications
 
E. fgpr@frasers.group

 

Rosie Oddy, Brunswick
Group,
T. 020 7404 5959

PR
Advisors
E.frasersgroup@brunswickgroup.com (mailto:frasersgroup@brunswickgroup.com)

 

Numis

 

Luke
Bordewich
T. 020 7260 1000

Ollie Steele

Duncan Wilson

 

Liberum

John
Fishley
         T. 020 3100 2000

Kane Collins

Nikhil Varghese

 

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