REG - Somero Enterprises - AGM Statement

Somero EnterprisesAnnouncement

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RNS Number : 1813H  Somero Enterprises Inc.  05 June 2026

Somero Enterprises, Inc.

("Somero" or "the Company")

 

AGM Statement

 

Somero Enterprises, Inc. is pleased to provide an update ahead of its Annual
General Meeting to be held on 17 June 2026, at 9 a.m. local time at 46980
State Hwy M26, Atlantic Mine, Michigan 49905 USA and via webcast .

 

Stabilization in US private non-residential construction, the Company's
largest market, continued and the positive trading momentum from the end of
2025 carried over with trading in the five months ended 31 May 2026 tracking
well against the full year ending 31 December 2026 guidance provided in the 10
March 2026 final FY 2025 results statement. The Board looks forward to
providing a more detailed trading update covering the first six months of FY
2026 in July.

 

The 30 April 2026 Director Succession Update outlined the planned replacement
of Larry Horsch. The Board has since commenced a search for an independent
non-executive director with the assistance of a executive search and
leadership advisory firm, which is expected to conclude by year end. The Board
is focused on appointing an individual whose skills and experience complement
the existing Board and strategically drive long-term value creation.

 

Simultaneously, with the executive team now fully established and the search
for a new independent non-executive director underway, the Board will consider
updated recommendations set forth in the 2023 edition of the Quoted Companies
Alliance Code (the Code).

 

In addition, the Board, with the assistance of its advisors, is taking this
opportunity to conduct a thorough review of the Company's governance
arrangements and legal constitution and will make any appropriate changes the
Board believes stand to benefit all Somero's stakeholders. This may require a
general meeting of the company later in the year at which shareholders would
vote on any proposed changes.

 

The Annual General Meeting will be held via webcast and participation is
encouraged by registering online at
https://event.choruscall.com/mediaframe/webcast.html?webcastid=Mlg0GPTN
(https://event.choruscall.com/mediaframe/webcast.html?webcastid=Mlg0GPTN) .
This link can also be found on our website at https://investors.somero.com/
along with dial-in numbers for telephonic participation.

 

 

For further information, please contact:

 

 Somero Enterprises, Inc.                          www.somero.com (http://www.somero.com)
 Tim Averkamp, CEO                                 +1 239 210 6500
 Vincenzo LiCausi, CFO
 Howard Hohmann, EVP Sales

 Cavendish Capital Markets Ltd (NOMAD and Broker)  +44 (0)20 7220 0500
 Matt Goode/Seamus Fricker (Corporate Finance)
 Harriet Ward (ECM)

 Alma Strategic Communications (Financial PR)      somero@almastrategic.com (mailto:somero@almastrategic.com)
 David Ison                                        +44 (0)20 3405 0205
 Rebecca Sanders-Hewett
 Will Merison

 

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