Notice of General Meeting

RNS Number : 6490O

Sagentia Group PLC

08 August 2014

8 August 2014

Sagentia Group plc

("Sagentia" or the "Company")

Notice of General Meeting

Sagentia Group plc (AIM: SAG) announces that it has today posted to shareholders a Notice of General Meeting. The Resolution to be proposed at the General Meeting is an amendment to the rules of the Company's Performance Share Plan ("PSP Scheme").

The Company administers three share option schemes. Each of the share option schemes includes a limitation on the number of options that may be granted in aggregate under all share option schemes ("Aggregate Option Limitation"). In the two earlier schemes the Aggregate Option Limitation is, and has been since their original adoption in 2008, 15% of the issued ordinary share capital of the Company.

As a result of a drafting error, the Aggregate Option Limitation included in the PSP Scheme (as approved at the 2013 AGM) is 10% of the issued ordinary share capital of the Company. Upon review, the Board, and specifically the Remuneration Committee, are satisfied that this inconsistency between the share option schemes was unintentional and that the Board had intended the Aggregate Option Limitation included in the PSP Scheme to remain at the pre-existing level of 15%, as evidenced by Board documentation from the time and subsequent decisions regarding the granting of options under the PSP Scheme.

In light of the discovery of this error the Company believes that it is prudent to correct the inconsistency between the rules of the share options schemes and the resulting ambiguity in their administration in order to permit future options awards to be made under the PSP Scheme. Therefore the Company proposes to correct the drafting of the PSP Scheme such that the Aggregate Option Limitation is 15% of the issued ordinary share capital of the Company. Under the rules of the PSP Scheme, this amendment requires shareholder approval.

The General Meeting is to be held at 9.00 a.m. on 28 August 2014 at the Company's offices at 48-49 St James's Street, London, SW1A 1JT.

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