Notice of AGM

Chesnara PLC

17 April 2024

 

LEI Number: 213800VFRMBRTSZ3SJ06

17th April 2024

CHESNARA plc

("Chesnara", "the Company" or the "Group")

RELEASE OF ANNUAL REPORT & ACCOUNTS AND NOTICE OF AGM

Chesnara plc (CSN.L) today announces that its 2024 Annual General Meeting ("AGM") will be held at the offices of Panmure Gordon & Co, 40 Gracechurch Street, London, EC3V 0BT on Tuesday 14^th May at 11:00am.  In connection with this, the 2023 Annual Report & Accounts, including the Notice of Annual General Meeting, are being posted and/or made available to shareholders today.

The Company continues to strongly encourage shareholders to vote electronically. Shareholders may also wish to submit questions in advance via e-mail to [e-mail]. We will endeavour to respond to questions raised directly, or by publishing responses on our website.  We are also pleased to be able to invite members to attend the AGM in person.

The Company's preliminary results for the year ended 31^st December 2023 were announced on 28^th March 2024.  This announcement contained a management report and a condensed set of financial statements prepared in accordance with applicable accounting standards and responsibility statements in compliance with DTR6.3.5R.

Copies of the 2023 Annual Report & Accounts and Notice of AGM may be viewed in the Investor Relations section of the Company's website at www.chesnara.co.uk.

In accordance with Listing Rule 9.6.1, copies of the 2023 Annual Report & Accounts and the Notice of AGM have been uploaded to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

As previously announced, Mark Hesketh, Independent Non-Executive Director, stepped down from the Board of Chesnara plc on 9 April 2024. As a result, Resolution 9 (which proposed Mark Hesketh's re-appointment as a Director of the Company) is withdrawn from the agenda of the AGM. This withdrawal does not affect the validity of the Notice of AGM, the proxy form or any votes in respect of the remaining resolutions to be proposed at the AGM. The numbering of all other proposed resolutions at the AGM remains unchanged.

The Company's Chair, Luke Savage, commented:

'Mark, with his wealth of experience and knowledge of the Group, will be sorely missed at the Chesnara plc Board table, but I am very pleased that the Group will continue to benefit from his expertise as the newly appointed Chair of our UK business.  I want to thank him for his contribution to the plc Board and I am looking forward to working closely with him in this important role.'

For further information, please contact:

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - [e-mail]

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493 

E - [e-mail]

Notes to Editors

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange.  It administers approximately one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands and as Movestic in Sweden.

Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden, the Netherlands and the UK as well as by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 19 years in succession.

Further details are available on the Company's website (www.chesnara.co.uk).

 

END