REG - Harworth Group PLC - Statement re further consultation on the DRR

HarworthAnnouncement

Yesterday 09:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251105:nRSE1679Ga&default-theme=true

RNS Number : 1679G  Harworth Group PLC  05 November 2025

05 November 2025

 

HARWORTH GROUP PLC

('Harworth' or the 'Group' or the 'Company')

 

Statement regarding further consultation on the Directors' Remuneration Policy

 

At the Company's Annual General Meeting ('AGM') held on 19 May 2025,
Resolution 12 (to approve the Directors' Remuneration Policy) was approved by
shareholders with a 75.67% majority. In accordance with the provisions of the
UK Corporate Governance Code (the 'Code'), this statement provides an update
on shareholder engagement following the AGM.

 

The Remuneration Committee (the 'Committee') engaged extensively with
shareholders (representing c.85% of the Company's issued share capital), as
well as proxy agencies, over an eight-month period prior to the AGM, which
provided the Committee with a holistic understanding of shareholder views and
helped shape the final Remuneration Policy and incentive structure. In
particular, the Committee received valuable feedback on the performance flexed
Restricted Share Plan ('RSP'), with a significant majority of shareholders
consulted being supportive of the structure.

 

Following the AGM, the Committee Chair wrote to shareholders to explain the
decision to move forward with the proposed changes to the Directors'
Remuneration Policy, to reiterate why it considered the performance flexed RSP
to be in the best interests of Harworth's shareholders, and to offer a further
opportunity to engage with the Company and provide feedback. Shareholders that
responded re-affirmed their previous views and did not consider further
engagement necessary.

 

Given the overall support, the Company will continue to operate the Directors'
Remuneration Policy approved at the AGM.

 

The Company thanks shareholders for their engagement prior to and following
the AGM. The Committee will continue to engage with shareholders and proxy
agencies on executive remuneration matters as and when appropriate.

 

In accordance with Provision 4 of the Code, a final update in response to the
Directors' Remuneration Policy vote at the AGM will be provided in the 2025
Directors' Remuneration Report.

-ENDS-

For further information

 

 Harworth Group plc
 Chris Birch (General Counsel & Company Secretary)      T: +44 (0)114 349 3131

Juliana Weiss Dalton (Investor Relations)

                                                        E: investors@harworthgroup.com (mailto:investors@harworthgroup.com)

 FTI Consulting
 Dido Laurimore                                         T: +44 (0)20 3727 1000

 Richard Gotla                                          E: Harworth@fticonsulting.com (mailto:Harworth@fticonsulting.com)

 Eve Kirmatzis

 

About Harworth

Harworth Group plc (LSE: HWG), is a leading regeneration and strategic land
owner and developer focused on the Industrial & Logistics (I&L) and
Residential sectors. We own, develop, and manage a portfolio of over 15,000
acres of Strategic Land over 100 sites located throughout the North of England
and Midlands. We specialise in delivering long-term value for all stakeholders
by regenerating large, complex sites, into new I&L developments and
serviced remediated land for sale into the I&L and Residential land
markets. Our long-term through-the-cycle business model is to create
sustainable places, support new homes, jobs and communities where people want
to live and work. Visit www.harworthgroup.com for further information. LEI:
213800R8JSSGK2KPFG21

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  STRPKQBBPBDDODK



            Copyright 2019 Regulatory News Service, all rights reserved