REG - Sosandar PLC Sosandar PLC - Notice of GM

SosandarAnnouncement

Tue 16:45

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RNS Number : 7091X  Sosandar PLC  02 September 2025

 

 02 September 2025

 

Sosandar plc

Proposed Capital Reduction, Posting of Circular & Notice of General
Meeting

Sosandar plc (AIM: SOS), the women's fashion brand, creating quality,
trend-led products for women of all ages, announces that it is proposing to
carry out a reduction of the Company's capital involving the cancellation of
the Company's share premium account in order to create distributable
reserves.  This is a preliminary step to providing the distributable reserves
required to have the ability and flexibility to return value to Shareholders
in the future. The Capital Reduction is conditional upon, amongst other
things, the Company obtaining approval of the Shareholders at the General
Meeting and confirmation by the Court.

The Company confirms that a circular (the 'Circular') was posted to
Shareholders today and will shortly be made available on the Company's
website. The Circular sets out the background to and reasons for the Capital
Reduction and includes a notice convening the General Meeting for Shareholders
to approve the proposed resolution and a timetable for the Capital
Reduction.  The General Meeting will be held at 10.30 a.m. on 18 September
2025 at 2nd Floor, Springfield House, Water Lane, Wilmslow, Cheshire, SK9 5BG.

Subject to Shareholder approval and confirmation by the Court, the effective
date for the Capital Reduction is expected to be on or around 16 October 2025.
Thereafter, any plans to return value to Shareholders will be communicated
separately.

Completion of the Capital Reduction will not affect the rights attaching to
the Ordinary Shares and will not result in any change to the number of
Ordinary Shares in issue (or their nominal value).

Capitalised terms used in this announcement have the meaning given in the
Circular unless the context requires otherwise or as otherwise defined herein.

 

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                                +44 (0) 20 7496 3000

 Peter Steel / Tom Salvesen / Sara Hale

 Alma Strategic Communications                         +44 (0) 20 3405 0205
 Sam Modlin / Rebecca Sanders-Hewett / Kinvara Verdon  sosandar@almastrategic.com
                                                       (file:///C:/Users/pk05/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/DQT9JVCS/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/)

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