REG - Norman Broadbent PLC - Result of AGM, Capital Reorganisation and TVR

Norman BroadbentAnnouncement

22/05/2025 13:00

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RNS Number : 8303J  Norman Broadbent PLC  22 May 2025

22 May 2025

Norman Broadbent Plc

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

 

Result of Annual General Meeting ("AGM"),

Capital Reorganisation

and

Total Voting Rights

 

Result of AGM

Norman Broadbent's AGM was held at the offices of One Advisory Limited, Temple
Chambers, 3-7 Temple Avenue, London EC4Y 0DT earlier today.

All 13 resolutions put to members were passed on a poll, with at least 98% of
votes cast in favour of each resolution. Resolutions 1-10 were passed as
ordinary resolutions and resolutions 10-13 were passed as special resolutions.

As at 22 May 2025, there are 66,902,286 ordinary shares of £0.01 each in
issue. Shareholders are entitled to one vote per share. Votes withheld are not
votes in law and so have not been included in the calculation of the
proportion of votes for and against a resolution.

The full text of each resolution is available in the Notice of Annual General
Meeting, which is on the Company's website at
https://www.normanbroadbent.com/company-documents/
(https://www.normanbroadbent.com/company-documents/) .

Capital Reorganisation

Following the approval of Resolution 12, the Consolidation and Sub-division
Resolution, every 70 ordinary shares of £0.01 each (the "Existing Ordinary
Shares") in issue as at 6.00 p.m. (BST) today will be consolidated into two
new ordinary shares of £0.05 (five pence) (the "New Ordinary Shares") with
the remaining nominal capital of the Company being converted into deferred
share capital (altogether the "Capital Reorganisation"). To effect the Capital
Reorganisation, four new Existing Ordinary Shares will be issued so that,
immediately prior to the consolidation, the number of Existing Ordinary Shares
will be 66,902,290, a number exactly divisible by 70.

Other than the change in nominal value, the New Ordinary Shares arising on
implementation of the Capital Reorganisation will have the same rights as the
Existing Ordinary Shares, including voting and other rights.

The Capital Reorganisation will become effective on admission of the New
Ordinary Shares to trading on AIM. This is expected to occur at 8.00 a.m.
(BST) on 23 May 2025 ("Admission").

The ISIN and SEDOL Codes of the New Ordinary Shares will be:

·    ISIN                        GB00BTHYM345

·    SEDOL code        BTHYM34

Full details of the Capital Reorganisation are set out in the Notice of Annual
General Meeting which is on the Company's website at
https://www.normanbroadbent.com/company-documents/
(https://www.normanbroadbent.com/company-documents/) .

Total Voting Rights

Following Admission and completion of the Capital Reorganisation, the
Company's issued share capital will comprise 1,911,494 New Ordinary Shares
with voting rights. This figure of 1,911,494 New Ordinary Shares may be used
by shareholders in the Company as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company.

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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