REG - Norman Broadbent PLC - Posting of ARA & Notice of AGM

Norman BroadbentAnnouncement

22/04/2025 07:00

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RNS Number : 5417F  Norman Broadbent PLC  22 April 2025

22 April 2025

 

 

Norman Broadbent plc

("Norman Broadbent", the "Company" or the "Group")

 

Posting of Annual Report and Accounts and Notice of Annual General Meeting

and

Proposed Share Consolidation and Sub-Division

 

Norman Broadbent (AIM: NBB), a leading Executive Search and Interim
Management firm, is pleased to announce that its 2024 Annual Report and
Accounts and notice ("Notice") of annual general meeting (the "AGM") are being
posted later today to shareholders who have opted to receive them and copies
are available on its website
at https://www.normanbroadbent.com/company-documents
(https://url.avanan.click/v2/___https:/www.normanbroadbent.com/company-documents___.YXAxZTpzaG9yZWNhcDphOm86MWJhZjllODViY2E1MjljNDdkOWI0NDNlYjc2ZDU5YmM6Njo0MjFiOjk5MzYxMTZkNjdiNjIwYzk1OGQ0ZmUwNGIwZmUzZTU0NTkzODEzOGIyZjNmYTcyMmJkZDYzZGMyNjBkNjY0OGI6cDpGOk4)

 

The AGM will be held on Thursday 22 May 2025 at 10:30am at the offices of One
Advisory Limited, Temple Chambers, 3-7 Temple Avenue, London EC4Y 0DT.

 

Proposed Share Consolidation and Sub-Division

 

Resolution 12 set out in the Notice proposes that shareholders approve the
consolidation and sub-division of the Company's issued ordinary share capital.
Under the proposed share consolidation and sub-division, 70 ordinary shares of
one pence each ("Existing Ordinary Shares") would be consolidated into one
intermediate share with a nominal value of 70 pence ("Intermediate Share").
Each Intermediate Share would then be sub-divided and re-classified into two
new ordinary shares with a nominal value of five pence each ("New Ordinary
Shares") and 150 deferred shares of 0.4 pence nominal value ("Deferred
Shares").

Upon implementation of the Share Consolidation and Sub-Division, shareholders
on the register of members of the Company at 6.00 p.m. (BST) on 22 May 2025
("Share Consolidation Record Date"), will exchange every 70 Existing Ordinary
Shares they hold for two New Ordinary Shares of five pence each and 150
Deferred Shares of 0.4 pence nominal value.

To effect the Share Consolidation and Sub-Division, it will be necessary to
issue such minimum number of additional Existing Ordinary Shares so that the
aggregate nominal value of the ordinary share capital of the Company is
exactly divisible by 70. It is therefore proposed that, in order to facilitate
the Share Consolidation up to 69 additional Existing Ordinary Shares will be
issued so that, immediately prior to the consolidation, the Company's issued
share capital will be exactly divisible by 70. The new Existing Ordinary
Shares will be issued at market value immediately following the AGM (assuming
that resolution 12 is passed at the AGM) and sold to the market along with the
aggregation of any fractional entitlements at the best price reasonably
obtainable for the benefit of the Company, with proceeds being retained by the
Company for its use.

An expected timetable of key events for the share consolidation and
sub-division is set out below. Further details are set out in the Notice.

 

A further announcement will be made regarding the Company's revised total
number of shares in issue and voting rights, should the requisite resolutions
be passed at the AGM.

 

EXPECTED TIMETABLE

 Action                                                                          Date
 Date of AGM Notice and this announcement on the LSE                             22 April 2025
 Latest time and date for receipt of Forms of Proxy, CREST and proxy             10.30 a.m. on 20 May 2025
 instructions and electronic registration of proxy appointments
 Voting Record Date for entitlement to vote at the Annual General Meeting        6.00 p.m. on 20 May 2025
 Annual General Meeting                                                          10.30 a.m. on 22 May 2025
 Announcement of results of the Annual General Meeting                           22 May 2025
 SHARE CONSOLIDATION
 Last day to trade in Existing Ordinary Shares and Share Consolidation Record    6:00 p.m. on 22 May 2025
 Date
 Expected date of Admission and first day of dealings in the New Ordinary        8.00 a.m. on 23 May 2025
 Shares on AIM
 CREST accounts credited with New Ordinary Shares (uncertificated Shareholders   23 May 2025
 only)
 Expected date of dispatch of share certificates in respect of any New Ordinary  within 10 Business Days of Admission
 Shares held in certificated form

 

Any changes to the above timetable will be announced.

 

Contacts:

 

 Norman Broadbent plc                               +44 (0)20 7484 0000
 Kevin Davidson, CEO
 Mehr Malik, CFO

 Shore Capital (Nominated Adviser and Broker)       +44 (0)20 7408 4090
 Tom Griffiths / Tom Knibbs (Corporate Advisory)
 Henry Willcocks (Corporate Broking)

 Alma (Financial Communications Adviser)            +44 (0)20 3405 0205
 Rebecca Sanders-Hewett                             normanbroadbent@almastrategic.com (mailto:normanbroadbent@almastrategic.com)
 Kinvara Verdon
 David Ison

 

About Norman Broadbent:

 

Norman Broadbent (AIM: NBB) is a professional services firm focused on
executive search, senior interim management solutions and bespoke leadership
advisory services working across the UK and internationally.

 

Established as the first UK-headquartered search firm in 1979, the firm has a
40+ year track record of shaping leadership across industries including
Consumer, Financial Services, Industrials, Life Sciences, Investor and TMT.

 

www.normanbroadbent.com
(https://url.avanan.click/v2/___http:/www.normanbroadbent.com___.YXAxZTpzaG9yZWNhcDphOm86OTdhMTRmYzIzZWY1YzM5MDNmNTdhN2E3NGVmZjI1OGI6NjpjYTk0OjY2MDg2Zjg4M2UxOTVmMGJiZDJkMTg4MTNhYjhhODAyNGRhZjkyMDIwNWMyZTE0YTRiOTZlNGIzZDNjMjU5N2Y6cDpU)

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