REG - Newmark Security PLC - Update re. Response to Shareholder Letter

Newmark SecurityAnnouncement

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RNS Number : 3658D  Newmark Security PLC  15 October 2025

15 October 2025

 

Newmark Security plc

("Newmark", the "Company" or the "Group")

 

Update re. Response to Shareholder Letter

 

Newmark Security plc (AIM: NWT), a leading provider of electronic and physical
security systems, provides an update to its announcement on 8 October 2025, in
relation to the open letter issued by Thalassa Holdings Ltd. ("Thalassa"), a
21.3% shareholder in the Company.

 

Since issuing its response, the Company has had a positive dialogue with
Thalassa and has listened to its feedback. The Company and Thalassa are
aligned in the view that the Board can be strengthened as well as making other
changes to help deliver future shareholder value.

 

As part of its efforts to strengthen the Board composition, the Company
confirms that it will appoint two new independent non-executive directors,
with the search process already underway. Once appointed, the new independent
directors will also join the remuneration committee, which, aligned with
shareholder feedback, will only consist of independent directors thereafter.
Consequently, Maurice Dwek will step off the remuneration committee once the
appointments are made.

 

In conjunction with the Board changes, Michel Rapoport, Non-Executive
Director, will step down from the Board on the appointment of the new
independent directors. Michel has been on the Board of Newmark since 2001 and
has provided invaluable counsel through numerous economic cycles and major
changes in the business.

 

Maurice Dwek, Chairman of Newmark, commented: "We have always sought to have
open and constructive dialogue with our shareholders. We have taken onboard
the feedback we have recently received from Thalassa and are now moving
forward in a positive manner. We look forward to providing updates on the new
Board appointments in the near future.

 

"Separately, I want to sincerely thank Michel Rapoport for his commitment to
the Company over the past 24 years. Michel has provided invaluable advice and
support to the Board during his time as a non-executive director, and we are
hugely grateful for this. Importantly, we will continue to benefit from having
Michel as a supportive shareholder."

 

ENDS

 

 

 

 Newmark Security plc                                          Tel: +44 (0) 20 7355 0070

 Marie-Claire Dwek, Chief Executive Officer                    www.newmarksecurity.com (http://www.newmarksecurity.com/)

 Paul Campbell-White, Chief Financial Officer

 Allenby Capital Limited                                       Tel: +44 (0) 20 3328 5656

 (Nominated Adviser and Broker)

 James Reeve (Corporate Finance)

 Amrit Nahal, Kelly Gardiner (Sales & Corporate Broking)
 Yellow Jersey PR                                              Tel: +44 (0) 7747 788 221

 Charles Goodwin

 

About Newmark Security plc

 

Newmark is a leading provider of electronic, software and physical security
systems that helps organisations protect human capital and provide safe spaces
seamlessly and securely.

 

From our locations in the UK and US, we operate through subsidiary businesses
positioned in specialist, high-growth markets.

 

We foster an open and inclusive work environment amongst our c.100 employees,
serving hundreds of blue-chip customers.

 

Our product portfolio consists of Human Capital Management and Access Control
Systems providing both hardware and software and Physical security
installations to various sectors.

 

Newmark Security plc is admitted to trading on AIM (AIM:NWT).

 

For more information, please visit: www.newmarksecurity.com
(https://newmarksecurity.com/)

 

Safe. Seamless. Secure

 

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