Notice of GM

RNS Number : 8578U

De La Rue PLC

31 March 2023

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated by the Market Abuse Regulation (EU) No.596/2014, as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.

31 March 2023

GENERAL MEETING REQUISITION NOTICE

De La Rue plc (LSE: DLAR) ("De La Rue", the "Group" or the "Company") announces that on 30 March 2023 it received a notice from Crystal Amber Fund Limited requisitioning a general meeting of the Company's shareholders (the "Requisition Notice").

The Requisition Notice proposes a resolution to remove the current Chairman, Kevin Loosemore, as a Director of the Company with immediate effect, and a resolution to appoint Pepyn Dinandt as a non-executive Director of the Company, and Chairman of the Board.

Shareholders will recall that:

· At a general meeting called in December last year in response to a request by Crystal Amber for Kevin Loosemore to resign, 94.9% of the votes cast, excluding the votes cast by Crystal Amber, were in favour of Mr Loosemore continuing to serve as a Director of the Company and as Chairman of the Board.

· In July last year, 97.8% of voting Shareholders voted to re-elect Kevin Loosemore as Chairman at the Company's Annual General Meeting.

The Board is considering the contents and legality of the Requisition Notice and further announcements will be made as appropriate. Shareholders are advised to take no action with respect to the Requisition Notice at this time.

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

The person responsible for the release of this announcement on behalf of De La Rue for the purposes of MAR is Rob Bellhouse (Company Secretary).

Enquiries:

De La Rue plc		[phone]
Clive Vacher		Chief Executive Officer
Rob Harding		Chief Financial Officer
Louise Rich		Head of Investor Relations
Brunswick		[phone]
Stuart Donnelly
Ed Brown

About De La Rue

De La Rue plc's purpose is to secure trust between people, businesses and governments. As a trusted partner of governments, central banks and commercial organisations seeking to secure their global supply chains and cash cycles, De La Rue provides highly secure physical and digital solutions that underpin the integrity of economies and trade.

De La Rue's Currency division provides market-leading end-to-end currency solutions, from finished banknotes to secure polymer substrate and banknote security features to over half the central banks and issuing authorities around the world.

Our Authentication division protects revenues and reputations through the provision of physical and digital solutions to governments and commercial organisations. We also manufacture ID security components.

As at 31 December 2022 De La Rue had 1,900 employees who work with organisations in more than 140 countries, leveraging the group's manufacturing facilities in the UK, US, Malta, Sri Lanka and Kenya.

De La Rue's shares are traded on the London Stock Exchange (LSE:DLAR). For further information please visit   www.delarue.com .

Cautionary note regarding forward-looking statements

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "plans", "may", "will", "could", "shall", "risk", "aims", "predicts", "continues", "assumes", "positioned" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the intentions, beliefs or current expectations of the directors, De La Rue or the Group concerning, amongst other things, the results of operations, financial condition, liquidity, prospects, growth and strategies of De La Rue and the industry in which it operates.

By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of the Company. Past performance cannot be relied upon as a guide to future performance and should not be taken as a representation or assurance that trends or activities underlying past performance will continue in the future. Accordingly, investors or potential investors should not place undue reliance on these forward-looking statements. The Group's actual results of operations, financial condition, liquidity and the development of the industry in which it operates may differ materially from the impression created by the forward-looking statements contained in this announcement. In addition, even if the results of operations, financial condition and liquidity of the Group and the development of the industry in which it operates, are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods.

Other than in accordance with its legal or regulatory obligations, De La Rue does not undertake any obligation to update these forward-looking statements, which speak only as at the date of this announcement, and will not publicly release any revisions that may be made to these forward-looking statements, which may result from events or circumstances arising after the date of this announcement.

 

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