REG - Highcroft Invs PLC - Result of AGM Update

Highcroft InvestmentsAnnouncement

06/09/2022 13:45

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RNS Number : 4755Y  Highcroft Investments PLC  06 September 2022

6 September 2022

Highcroft Investments PLC

(The "Company")

Result of AGM Update

The Company notes that more than 20% of votes were cast against the resolution
to re-elect David Kingerlee, as a of Director the Company at the last AGM, the
results of which were released on 18 May 2022. The UK Corporate Governance
Code requires companies to provide an update within six months of an AGM where
more than 20% of votes were cast against a resolution.

To better understand shareholders concerns with a view to identifying how such
matters can be addressed, the Board of the Company engaged with significant
shareholders to gain an understanding of their concerns.

The Company further notes that since the publication of the AGM results, David
Kingerlee has stepped down as a non-executive Director of the Company with
effect from 1 August 2022. David Warlow was appointed a non-executive Director
of the Company with effect from 1 August 2022. David Warlow represents the
interests of the Kingerlee Group, which has an aggregate beneficial interest
of 27.12% in the share capital of the Company. The Kingerlee Group, together
with its associates, form part of the Kingerlee Concert Party which has an
aggregate beneficial interest of 40.95% in the share capital of the Company.

Highcroft Investments PLC

Charles Butler / Roberta Miles

01869 352766

 Singer Capital Markets

Peter Steel / Amanda Gray - Corporate Finance

 Tom Salvesen - Corporate Broking

 020 7496 3000

 

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