TIDMESNT

RNS Number : 2097W

Essentra plc

20 December 2021

20 December 2021

ESSENTRA PLC (the "Company")

Update Statement on 2021 Results of Annual General Meeting

At the Company's AGM, held on 20 May 2021, the Company received 76.50% of votes in favour of the Resolution 14 to disapply pre-emption rights, thereby falling below the 80% threshold set out in the 2018 UK Corporate Governance Code.

The Company consulted with relevant shareholders to understand and discuss their concerns with respect to this resolution as this is considered a routine resolution for a UK listed company and is within the Investment Association's Share Capital Management Guidelines.

A minority of shareholders were not supportive of the equity raise that took place in September 2020 and subsequently voted against the resolution under which the raise was possible. Whilst there was a minority of shareholders against the resolution the majority of shareholders did not object and the resolution still passed.

The views of all shareholders are important to the Board and will continue to be taken into account by the Board when considering all issues including share capital management. A further update will be included on this subject in the 2021 Annual Report.

Enquiries

Emma Reid

Head of Governance

Tel: 07810 506 920

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