RCS - Science Group PLC - Ricardo EGM – ISS Recommendation

ScienceAnnouncement

02/06/2025 07:02

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RNS Number : 9012K  Science Group PLC  02 June 2025

 

2 June 2025

 

 

Ricardo General Meeting

ISS Recommends Voting "FOR" the Resolution to Remove the Ricardo Chairman

 

 

The Ricardo plc General Meeting is scheduled for 18 June 2025 to consider a
single resolution. Science Group understands that the voting recommendation of
ISS, the independent proxy agency, is to remove the Ricardo Chairman.

 

ISS recommends Ricardo shareholders to vote "FOR" the resolution

to remove Mr Mark Clare as a director and Chairman.

 

Science Group understands that (1) the ISS recommendation is based on the
persistent poor performance of Ricardo and the implementation of a strategy
that has not reduced the relative underperformance compared to its peer group,
and (2) ISS confirms that Science Group has raised valid concerns about
Ricardo's performance.

 

Science Group encourages all Ricardo shareholders

to vote "FOR" the resolution.

 

 

- Ends -

 For further information:

Science Group plc
 Martyn Ratcliffe, Executive Chair                                               Tel: +44 (0) 1223 875 200
 Jon Brett, Finance Director                                                     www.sciencegroup.com
                                         (https://protect.checkpoint.com/v2/r06/___http:/www.sciencegroup.com___.ZXV3MjpuZXh0MTU6YzpvOjU0ZGI5YzMxZTIyYWRjYjNiNDllZDg0YzAwYjdlYTg0Ojc6ODkyNTpiMmM0ZGYxMGZmNjg5OGUzNTZjZDliYzcxZTZjOWMxY2YxNDJiNjliNzg1Y2E2ZjdiNWUyNWIxMTE3NTdkMjgzOnA6VDpU)

 Canaccord Genuity Limited (Nominated Adviser and Joint Broker)
 Simon Bridges, Andrew Potts                                                     Tel: +44 (0) 20 7523 8000
 MHP
 Reg Hoare                                                                       Tel: +44 (0) 7831 406117

                                                                                 sciencegroup@mhpgroup.com

 

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