REG - Sosandar PLC - Notice of General Meeting

SosandarAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260313:nRSM4778Wa&default-theme=true

RNS Number : 4778W  Sosandar PLC  13 March 2026

 13 March 2026

 

Sosandar plc

('Sosandar' or 'the Company')

Notice of General Meeting

Renewal of Share Purchase Authority

Sosandar plc (AIM: SOS), the women's fashion brand, creating quality,
trend-led products for women of all ages, announces that it has today
published and distributed to shareholders a circular incorporating a notice of
general meeting of the Company's shareholders (the "Circular"), and a related
form of proxy. Capitalised terms used in this announcement have the meaning
given in the Circular unless the context requires otherwise or as otherwise
defined herein. Copies of the documents will shortly be available on the
Company's website.

The General Meeting will be held at the Company's offices at 2nd Floor,
Springfield House, Water Lane, Wilmslow, Cheshire, SK9 5BG on 1 April 2026 at
10.00 a.m, at which a special resolution will be proposed to renew the Board's
authority to make market purchases of the Company's own shares. The Circular
sets out the background to and reasons for the proposed resolution and
includes the formal notice convening the General Meeting.

At the Company's Annual General Meeting on 18 September 2025 (the "2025 AGM"),
Shareholders granted authority for the Company to make market purchases of up
to 24,822,651 Ordinary Shares, representing 10% of the Company's issued share
capital at that time (the "2025 AGM Buyback Authority"). Since the 2025 AGM,
the Company has repurchased 24,190,000 Ordinary Shares pursuant to that
authority. As a result, the Directors expect that the 2025 AGM Buyback
Authority will, in all likelihood, be exhausted in advance of seeking
Shareholder approval to renew the authority at the Company's next annual
general meeting, expected to be held in September 2026 (the "2026 AGM").

The Directors believe that share buybacks remain an effective mechanism for
returning surplus capital to Shareholders and delivering long‑term
shareholder value and are therefore seeking, subject to Shareholder approval,
an immediate renewal of this authority.

Accordingly, a special resolution will be proposed to seek additional
authority for the Company to make market purchases of up to 22,403,651
Ordinary Shares, representing approximately 10% of the Company's issued share
capital (excluding Ordinary Shares held in treasury). The new authority will
expire at the 2026 AGM.

 Enquiries

 

 Sosandar plc                                              www.sosandar.com (http://www.sosandar.com/)
 Julie Lavington / Ali Hall, Joint CEOs                    c/o Alma PR
 Steve Dilks, CFO
 Singer Capital Markets (Nominated Adviser & Broker)       +44 (0) 20 7496 3000

 Peter Steel / Sara Hale / Amber Higgs / Dan Ingram
 Alma Strategic Communications                             +44 (0) 20 3405 0205
 Sam Modlin / Rebecca Sanders-Hewett / Kinvara Verdon      sosandar@almastrategic.com (mailto:sosandar@almastrategic.com)

 

About Sosandar plc

Sosandar is a women's fashion brand in the UK targeting style conscious women
who have graduated from lower quality, price-led alternatives. The Company
offers this underserved audience fashion-forward, affordable, quality clothing
to make them feel sexy, feminine, and chic. The business sells predominantly
own-label exclusive product designed and tested in-house.

Sosandar's product range is diverse, providing its customers with an array of
choice for all occasions across all women's fashion categories. The company
sells through Sosandar.com and its own stores, and has a number of high value
brand partnerships including with NEXT and Marks & Spencer.

Sosandar's success has been built on an exceptional product range, seamless
customer experience and impactful, lifestyle marketing, all of which is
underpinned by combining innovation with data analysis. Our growth strategy is
focused on continuing to grow brand awareness and expand our addressable
market and routes to market, reaching customers wherever they wish to shop.
This is achieved both through direct to consumer channels and through chosen
third-party partners.

 Sosandar was founded in 2016 and listed on AIM in 2017. More information is
available at www.sosandar-ir.com (http://www.sosandar-ir.com/)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NOGGPUQGWUPQGMP



            Copyright 2019 Regulatory News Service, all rights reserved