ADB.AQSE

Adnams Plc
Adnams PLC - AGM Statement
20th June 2024, 07:33
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 2195T
Adnams PLC
20 June 2024
 

Adnams plc - AGM Statement

 

The Directors of Adnams plc ("the Company"), the Suffolk-based premium beer, spirits and hospitality group, will hold the Company's AGM on 27th June 2024.

 

Further to communications earlier in the year and ahead of the AGM, the Company wishes to confirm that it has made progress in its review of options to fund its future growth plans, with interest secured from multiple parties.

 

A Board Committee is currently evaluating indicative and non-binding proposals based on its agreed framework to determine which route offers the best long-term value for the Company and its shareholders.

 

The Board also wishes to confirm that, whilst timings will be in part determined by the outcome of the review to raise additional capital, its Chairman Jonathan Adnams and Senior Independent Director Steve Sharp have both notified their intention to step down at or before the 2025 AGM, subject to re-election in 2024.

 

The Company also confirms that current sales, margin and profit remain in line with its forecast for the five month period to end of May 2024, during which time it has continued to outperform the market in beer volumes and sales. The AGM will be held at the Britten Studio, The Hoffmann Building, Snape Maltings, Snape, Suffolk, IP17 1SP on the 27th June 2024 at 11:00.

 

ENDS

 

For further information contact info@adnams.co.uk

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NEXSEFSWSELSEDM]]>
TwitterFacebookLinkedIn