REG - W.H. Ireland Group - Result of General Meeting

WH IrelandAnnouncement

09/10/2025 15:15

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RNS Number : 7970C  W.H. Ireland Group PLC  09 October 2025

9 October 2025

WH Ireland Group Plc

("WH Ireland" or the "Company")

 

Result of General Meeting

Conditional disposal of Wealth Management Business

Proposed Cancellation of Admission to AIM

General Update

Board Changes

General Meeting Update

WH Ireland announces that at its General Meeting held earlier today
resolutions (as detailed in the Company's announcement of 22 September 2025)
to authorise the proposed disposal of the business and assets of the Group's
wealth management business to Oberon Investments Limited (the "Proposed
Transaction") and the associated delisting of the Company's ordinary shares
from trading on AIM (the "Delisting") were put to shareholders (together the
"Resolutions").

The votes received from shareholders on each resolution were as set out below.
Both the Resolutions failed and accordingly neither the Proposed Transaction
nor the Delisting are approved and therefore are unable to be progressed.

                          Total votes   % of votes  Total votes    % of votes

                          In favour     In favour   Against        Against
 Ordinary Resolution 1     7,263,475     4.37%       158,995,502    95.63%

 (Proposed Transaction)
 Special Resolution 2      73,990,192    44.50 %     92,268,785     55.50 %

 (Delisting )

Details of the result of the voting are also available on the Company's
website: https://www.whirelandplc.com/investor-relations/shareholder-information
(https://protect.checkpoint.com/v2/r06/___https:/www.whirelandplc.com/nsAjxytw-wjqfyntsxdxmfwjmtqijw-nsktwrfynts___.ZXV3MjpuZXh0MTU6YzpvOjNhYTY3NDhjOWQxOWExNDNjMjhiY2U0NzNiZTQ5YTQ4Ojc6OWViMzo2NDRlZWU3YmVlMmNlMDYwOGUwNTUxNDdhNjYxZDdjNzY0YTFmZThiM2RkZDhhNTdmOTBiN2RlNzk4NzBmNWFiOnA6RjpU)

General Update

The Directors will now consult with the Company's principal shareholders to
ascertain their views for the future plans of the business and they are
looking to progress this in a constructive and expeditious manner.

At the current time the Group continues to be loss making but has sufficient
liquidity and regulatory capital to be able to continue to operate on a
"business as usual" basis.

Board Changes

Given the rejection of the Resolutions at the General Meeting, the
non-executive directors have concluded that this effective vote of no
confidence in the Board leaves them with no option but to tender their
resignations. Accordingly, each of Simon Moore and Garry Stran today notified
the Board that they will resign as a director of the Company, with effect from
9 January 2026 (or earlier, by mutual agreement with the Board). Any change to
this resignation date will be announced. The non-executive directors are fully
committed to working with the Company to affect an orderly transition and
handover in the coming months taking into account any views that might be
expressed by any principal shareholders as part of their anticipated
consultations.

-END-

For further information please contact:

 WH Ireland Group plc                    www.whirelandplc.com
                                         (https://protect.checkpoint.com/v2/___http:/www.whirelandplc.com___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzo2OWY2MzM1NjM1NDg0ODQzZThmYTJhNjA1ZDc3NjllODo2Ojg5YjE6MzY0NDVlYWZmZTBhMTY4ZTgwNmFiYTVhOWFkNzdkNzE4YmNhMTkxZmI3ZTlmYWQzMzc3ODhmMjI5YzlhOGQzMDpwOlQ6Tg)
 Simon Jackson, Chief Finance Officer    +44(0) 20 7220 1666
 Zeus Capital Limited                    www.zeuscapital.co.uk
                                         (https://protect.checkpoint.com/v2/r06/___http:/www.zeuscapital.co.uk___.ZXV3MjpuZXh0MTU6YzpvOjNhYTY3NDhjOWQxOWExNDNjMjhiY2U0NzNiZTQ5YTQ4Ojc6YjEwMTowNGNhYmMwYTdiMTNhNmY2YTQ3OTk2NGFkYzQzY2UwMTZmNDVlZTc2NzQxYWYyZjJmYjlkMjk2MzM5MTVkMjFlOnA6RjpU)
 Katy Mitchell                           +44(0) 161 831 1512
 MHP Communications                      whireland@mhpgroup.com (mailto:whireland@mhpgroup.com)
 Reg Hoare / Hugo Harris                 +44 (0) 7831 406117

 

Notes to Editors:

About WH Ireland Group plc

Wealth Management Division

WH Ireland provides independent financial planning advice and discretionary
investment management. Our goal is to build long term, mutually beneficial,
working relationships with our clients so that they can make informed &
effective choices about their money and how it can support their lifestyle
ambitions. We help clients to build a long term financial plan and investment
strategy for them and their families.

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