REG - Ricardo PLC - Notice of General Meeting

RicardoAnnouncement

21/05/2025 07:00

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RNS Number : 4852J  Ricardo PLC  21 May 2025

FOR IMMEDIATE RELEASE

21 May 2025

 

Ricardo plc ("Ricardo" or the "Company")

Publication of Circular and Notice of General Meeting

 

On 1 May 2025, the Board of Ricardo (the "Board") announced that it had
received a notice from Science Group plc and Ropemaker Nominees Limited (as
the registered shareholder of Science Group's Ricardo shares) requisitioning a
general meeting to consider a resolution that Mark Clare be removed from
office as a director of the Company and Chairman of the Board with immediate
effect (the "Resolution").

The Board announces that today it is posting a circular to shareholders, which
contains a Notice of General Meeting (together, the "Circular"). The General
Meeting will be held at the offices of Ashurst LLP, London Fruit & Wool
Exchange, 1 Duval Square, London E1 6PW at 2:15 pm BST on 18 June 2025. The
Circular is available for all investors at
https://www.ricardo.com/en/investors (https://www.ricardo.com/en/investors) .

As set out in greater detail in the Circular, the Board does not believe the
Resolution is in the best interests of Ricardo and its shareholders as a whole
and is unanimously recommending shareholders to vote AGAINST the Resolution.

The Board confirms that the Company continues to expect to deliver trading
within the range of analyst expectations for FY24/25. The Board's confidence
is supported by the high level of FY24/25 net revenue already secured across
the consulting businesses, which has grown from 91% at the end of March 2025
to 96% as at 16 May 2025, together with 95% of FY24/25 gross revenue for PP
having been secured, and the remainder in the pipeline.

 

 Investor and media relations
 Ricardo plc  Graham Ritchie    Tel 01273 455 611

              Judith Cottrell   Investors@Ricardo.com (mailto:Investors@ricardo.com)

              Natasha Perfect
 SEC Newgate  Bob Huxford       Tel 020 757 6882

              Ian Silvera       Ricardo@secnewgate.co.uk (mailto:Ricardo@secnewgate.co.uk)

 

About Ricardo plc

Ricardo plc is a global strategic, environmental, and engineering consulting
company, listed on the London Stock Exchange. With over 100 years of
engineering excellence and close to 3,000 employees in more than 20 countries,
we provide exceptional levels of expertise in delivering innovative
cross-sector sustainable outcomes to support energy transition and scarce
resources, environmental services, together with safe and smart transport
solutions. Our global team of consultants, environmental specialists,
engineers, and scientists support our customers to solve the most complex and
dynamic challenges to help achieve a safe and sustainable world.

Visit www.Ricardo.com (http://www.ricardo.com) .

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