Essentra plc Circ re. Publication of Class 1 and Notice of GM (7623D)
October 21 2022 - 08:48AM
UK Regulatory
TIDMESNT
RNS Number : 7623D
Essentra plc
21 October 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
ESSENTRA PLC
A leading global provider of essential components and
solutions
PUBLICATION OF CLASS 1 CIRCULAR AND NOTICE OF GENERAL
MEETING
Further to the announcement on 3 October 2022 by Essentra plc
("Essentra" or the "Company") regarding the proposed disposal of
Essentra Filter Holdings Limited ("Filters") to Frank Acquisition
Four Limited, a wholly owned subsidiary of Centaury Management
Limited, (the "Disposal"), the Company is pleased to announce that
a shareholder circular relating to the Disposal (the "Circular")
has been approved by the Financial Conduct Authority and has been
published.
The Circular contains further details on the Disposal and, since
the Disposal is conditional upon (amongst other things) the
approval of the Company's shareholders, also contains a notice
convening a general meeting (the "General Meeting") of the Company
which is to be held on 9 November 2022, at Peel Hunt LLP, 100
Liverpool St, London EC2M 2AT, at 12.00 noon, at which an ordinary
resolution will be proposed to the Company's shareholders to
approve the Disposal (the "Resolution").
The Board considers the Disposal (and the Resolution necessary
to implement the Disposal) to be in the best interests of the
Company and its shareholders as a whole and unanimously recommends
that shareholders vote in favour of the Resolution at the General
Meeting.
Shareholders will shortly be sent a copy of the Circular or an
electronic notification in relation to the same, as relevant. The
Circular will be made available on the Company's website,
www.essentraplc.com , and will be submitted to the National Storage
Mechanism, where it will be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Media enquiries:
Investor enquiries:
Tulchan Communications
Essentra plc LLP
Emma Reid, Head of Governance Olivia Peters
Claire Goodman, Group Investor Relations Lisa Jarrett-Kerr
Manager
Jack Clarke, Chief Financial Officer Tel: +44 (0)20 7353 4200
Tel: +44 (0)1908 359100
Notes to Editors
The release, publication or distribution of this announcement in
jurisdictions other than the United Kingdom may be restricted by
law and, therefore, any persons who are subject to the laws of any
jurisdiction other than the United Kingdom should inform themselves
about, and observe, any applicable requirements. Any failure to
comply with these requirements or restrictions may constitute a
violation of the securities laws or regulations of any such
jurisdiction. This announcement has been prepared for the purposes
of complying with English law and the UK Listing Rules and the
information disclosed may not be the same as that which would have
been disclosed if this announcement had been prepared in accordance
with the laws and regulations of any jurisdiction outside of
England.
About Essentra plc
Essentra plc is a FTSE 250 company and a leading global provider
of essential components and solutions. As a result of the
completion of the sale of Packaging to the Mayr-Melnhof Group, the
Group is now organised into two global divisions. Essentra focuses
on the light manufacture and distribution of high volume, enabling
components which serve customers in a wide variety of end-markets
and geographies.
Headquartered in the United Kingdom, Essentra's global network
extends to 32 countries and includes over 4,500 employees, 25
principal manufacturing facilities, 28 sales & distribution
operations and two research & development centres. For further
information, please visit www.essentraplc.com.
Essentra Components
Essentra Components is a global market leading manufacturer and
distributor of plastic injection moulded, vinyl dip moulded and
metal items. Operating in 25 countries worldwide, 13 manufacturing
facilities and 23 sales & distribution centres serve more than
79,000 customers with a rapid supply of low cost but essential
products for a variety of applications in industries such as
equipment manufacturing, automotive, fabrication, electronics and
construction. The division also includes the Reid Supply business,
which provides a wide range of branded hardware supplies to a broad
base of industrial customers, largely located in the US
Mid-West.
Essentra Filters
Essentra Filters is the only global independent cigarette filter
supplier. Currently headquartered in Singapore, the division has 12
sites across nine countries, including two innovation centres,
providing a flexible infrastructure strategically positioned to
serve the tobacco sector. The business supplies a wide range of
value-adding high-quality innovative filters, packaging solutions
to the roll your own segment and analytical laboratory services for
ingredient measurement to the industry. Essentra's offering also
includes Heat Not Burn and e-cigarette solutions to the rapidly
evolving market for Next Generation Products. The division also
includes the Tear Tapes business, which is globally recognised as
the leading manufacturer and supplier of pressure-sensitive tear
tapes, that are largely used in the tobacco, e-commerce, food and
beverage and specialist packaging sectors.
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END
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