Admiral Group PLC Notice Of Agm
March 24 2021 - 11:32AM
UK Regulatory
TIDMADM
Notice of Annual General Meeting and Annual Report and Accounts
24 March 2021
Admiral Group Plc ("Company") announces that its Annual General Meeting
("AGM") will be held at 2pm on Friday 30 April 2021 at the Company's
registered office of T Admiral, David Street, Cardiff, CF10 2EH.
The Company will today publish and post to shareholders its annual
report for the year ended 31 December 2020 (the "Annual Report"),
together with its 2021 Annual General Meeting notice (the "Notice") with
related explanatory circular (the "Circular") (together the "AGM Notice
and Circular").
In addition to the regular AGM business, the AGM Notice and Circular
contains a proposed resolution to rectify a procedural issue regarding
the payment of a number of historical dividends by the Company (the
"Relevant Distributions").
In order to remedy this, the proposed resolution will, if passed, ratify
the Relevant Distributions and give the Board authority to enter into
deeds of release for shareholders and directors and restore all parties
to the position they were intended to be in had the Relevant
Distributions been made in accordance with the procedural requirements
of the Companies Act 2006. This is in line with the remedies taken by
other listed companies that have encountered similar procedural issues
in the past. The issue is of a historical nature and there is no change
to the financial outlook of the Company and no past accounts will need
to be restated. No fines or other penalties have been incurred by the
Company. There is no impact on the final dividend for the 2020 year
proposed for approval by shareholders at the AGM.
The Circular, which was approved today by the Financial Conduct
Authority, contains further details of the Relevant Distributions. The
Notice, which accompanies the Circular, convenes the Annual General
Meeting of the Company for 2pm on 30 April 2021 at T Admiral, David
Street, Cardiff, CF10 2EH.
The Annual Report and the AGM Notice and Circular is available at
www.admiralgroup.co.uk/investor-relations.
Copies of the above documents have been submitted to the National
Storage Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Mark Waters
Company Secretary
LEI Number: 213800FGVM7Z9EJB2685
(END) Dow Jones Newswires
March 24, 2021 12:32 ET (16:32 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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