Update statement on 2023 AGM Resolution Vote

Hostmore PLC

24 November 2023

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

24 November 2023

Hostmore plc

Update statement on 2023 Annual General Meeting Resolution Vote

At Hostmore plc's (the "Company") Annual General Meeting held on 7 June 2023, resolution 10, which sought authorisation to make political donations and incur political expenditure (the "Political Donations Resolution"), was passed, although 30.0% of the votes cast were against.

Due to the votes against being greater than 20%, in line with provision 4 of the UK Corporate Governance Code we have directly engaged with the largest shareholders who voted against the Political Donations Resolution to understand their views.  As noted to these shareholders, the Company has not made political donations nor incurred political expenditure since its listing in November 2021, and has no intention of doing so.

However, it is customary for listed UK companies, including the Company, to seek approval of the Political Donations Resolution as a precautionary measure to avoid any inadvertent breaches of UK company law given the breadth of the applicable provisions.

Our discussions with the shareholders were productive and we will continue to engage with them between now and the next Annual General Meeting in 2024.

ENDS

ENQUIRIES

Hostmore plc

Matthew Bibby, Interim Chief Financial Officer

[e-mail]

[phone]

Dentons Global Advisors

Jonathon Brill / James Styles

[e-mail]

Tel: [phone]

 

END