REG - Inchcape PLC - Notice of GM

InchcapeAnnouncement

Thu 09:31

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RNS Number : 3734T  Inchcape PLC  31 July 2025

INCHCAPE PLC

Notice of General Meeting

 

On 29 July 2025, Inchcape plc ("Inchcape" or the "Company") announced that the
Board has become aware of a technical issue in relation to certain purchases
of its ordinary shares undertaken by the Company as part of its share buyback
programmes during the period commencing on 25 November 2024 and ending on 9
January 2025 (inclusive) and the period commencing on 4 March 2025 and ending
on 24 March 2025 (inclusive) (the "Affected Share Buybacks").

Following a review, the Board has identified that the Company's accounts
circulated in 2024, for the year ended 31 December 2023, did not show
sufficient distributable reserves to support the Affected Share Buybacks.
During 2024, the Company received dividends from its subsidiaries, which meant
that the Company did, as a matter of fact, have sufficient distributable
reserves for the Affected Share Buybacks at all relevant times. However, as
the Company did not file interim accounts at Companies House to reflect these
distributable reserves, as a matter of law, the Affected Share Buybacks did
not comply fully with the requirements of the Companies Act 2006.

Inchcape has today published a Notice of General Meeting (the "Notice")
convening a general meeting for 9.00 a.m. on Tuesday 26 August 2025 at
Exchange House, Primrose Street, London, EC2A 2EG. The Notice outlines the
steps that the Company proposes to take to address the Affected Share
Buybacks. As previously indicated, the issues arising are technical in nature
and do not have any impact on the Company's current trading or the payment of
any dividends to shareholders.

In accordance with UK Listing Rule 6.4.1, the Notice, together with the Form
of Proxy, is available for inspection at the National Storage Mechanism, which
is located at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://urldefense.com/v3/__https:/data.fca.org.uk/*/nsm/nationalstoragemechanism__;Iw!!Cx6w5kGySA!15cF0BBvJHUdV0BUHVkkjKyCrxX7VjTLAen2ZOla-R35HQmt7lyCf9sej7rWrnyjPNQo_n7uOsALaKmpwt_oBOVEtprr$)
.

Hard copy versions of these documents have been posted to shareholders who
have elected to receive them in paper form and copies are also available to
view on the Company's
website: https://www.inchcape.com/investors/shareholder-centre/agm/
(https://www.inchcape.com/investors/shareholder-centre/agm/)

Copies of the Notice and accompanying documents will be available for
inspection during normal business hours on any business day at the Company's
offices at 22a St James's Square, London, SW1Y 5LP from the date of the Notice
up to and including the date of the General Meeting and for the duration of
the General Meeting.

 

For further information, please contact:

investors@inchcape.com (mailto:investors@inchcape.com)

+44 (0) 20 7546 0022

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