Shoe Zone PLC Posting of Annual Report & Notice of AGM (9391B)
February 04 2020 - 7:21AM
UK Regulatory
TIDMSHOE
RNS Number : 9391B
Shoe Zone PLC
04 February 2020
4 February 2020
Shoe Zone PLC
Posting of Annual Report & Notice of Annual General
Meeting
Shoe Zone PLC ("Shoe Zone", the "Company" or the "Group"), the
UK's largest value footwear retailer, announces that its Annual
Report and Accounts for the 53-week period to 5 October 2019, which
includes a notice of the Annual General Meeting ("AGM"), has been
posted to shareholders and is available on the Group's website
www.shoezoneplc.com. The AGM will be held at 10am on 5 March 2020
at the Group's Head Office, Haramead Business Centre, Humberstone
Road, Leicester LE1 2LH.
Proposed Change to the Company's Articles of Association
The Company's current articles of association provide that
decisions of the Company's board of directors are taken by way of
majority and in the event that the votes cast by directors at a
board meeting are tied, the chairman of that meeting will have a
casting vote (which can be used at his discretion).
Following Charles Smith's permanent appointment as Chairman, the
board will have three executive and three non-executive members. In
the interests of good corporate governance, the board believes that
the casting vote in any board decision should be exercised by the
most senior non-executive director present rather than Charles
Smith (which is expected to be Jeremy Sharman as the Deputy
Chairman). Accordingly, a change is being proposed to the Company's
articles of association via a resolution at the AGM.
For further information, please contact:
Shoe Zone plc Tel: +44 (0) 116 222
Anthony Smith (Chief Executive) 3000
Jonathan Fearn (Chief Financial Officer)
FinnCap Limited (Nominated Adviser & Tel: +44 (0) 20 7220
Broker) 0500
Matt Goode / Carl Holmes / Hannah Boros
(Corporate Finance)
Alice Lane (ECM)
FTI Consulting (Financial PR) Tel: +44 (0) 20 3727
Alex Beagley 1000
Eleanor Purdon
Alice Newlyn
About Shoe Zone
Shoe Zone is a Town Centre, Retail Park and Digital footwear
retailer, offering low price and high-quality footwear for the
whole family.
Shoe Zone operates from a portfolio of around 500 stores and has
approximately 3,500 employees across the UK and the Republic of
Ireland.
The store portfolio consists of over 450 high street stores
containing the core Shoe Zone product range and 45 larger out of
town retail units which also feature brands such as Clarks,
Skechers and Hush Puppies.
The website shoezone.com, combined with the store network
ensures a full multi-channel offering for great customer
service.
Shoe Zone sells 18 million pairs of shoes per annum with an
average retail price per pair of shoes of around GBP10.
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.
END
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