Ted Baker PLC Notice of AGM (2359D)
June 28 2021 - 2:00AM
UK Regulatory
TIDMTED
RNS Number : 2359D
Ted Baker PLC
28 June 2021
Ted Baker Plc
(the "Company")
Annual Report and Accounts and Notice of Annual General
Meeting
Proposed general authorisation to purchase own shares
Annual Report and Accounts
The Company is pleased to announce that its Annual Report and
Accounts for the 53 weeks ended 30 January 2021 and Notice of
Annual General Meeting (AGM), to be held on 28 July 2021, have
today been posted, or otherwise made available, to
shareholders.
Copies of the Annual Report and Accounts and Notice of Annual
General Meeting are available to view on, and download from, the
Company's investor relations website at www.tedbakerplc.com .They
have also been submitted to the Financial Conduct Authority's
National Storage Mechanism and will shortly be available for
inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Attendance at the AGM
From 17 May, the UK Government has permitted gatherings
organised on businesses premises, subject to complying with
on-going COVID-secure requirements, including social distancing. As
a consequence, it is legally permissible for shareholders to attend
the AGM in person.
The safety and security of our shareholders, directors,
colleagues and guests is of paramount importance. COVID-19
restrictions remain in place and the Government has urged people to
maintain social distancing and reduce time spent in crowded areas.
The Company believes a cautious approach to situations,
particularly indoor events, that appear to carry a higher COVID-19
transmission risk is deemed appropriate.
Therefore, shareholders and corporate representatives are
strongly encouraged not to attend the AGM in person, and to
continue to vote by proxy or to participate in the business of the
AGM through the conference call line, details of which are set out
in the Notice of AGM. Questions can be submitted in advance of the
AGM. Details of how to submit questions are also set out in the
notice of AGM.
Proposed general authorisation to purchase own shares
In accordance with Listing Rule 12.4.4 R, the Company also
announces that the Board of Directors intends to propose a special
resolution at the Company's forthcoming Annual General Meeting
seeking a general authorisation from shareholders for the Company
to make market purchases of up to 10 per cent. of its own issued
ordinary share capital, subject to the requirements of the Listing
Rules.
The Directors have no present intention of exercising this
authority if approved by shareholders, but wish to have the
flexibility to do so in the future. Shares would only be purchased
if the Directors believed that to do so would result in an
improvement in earnings per share and would be in the best
interests of Shareholders generally.
Full details of the proposed resolution (Resolution 15) are set
out in the printed version of the Company's Notice of Annual
General Meeting 2021. This includes reference to the maximum number
of shares to be authorised for the purchase of 18,460,878 which
represents, for the avoidance of doubt, approximately 10% of the
share capital.
The information required to comply with DTR 6.3.5R of the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules is set out in the Preliminary Results Announcement for the 53
weeks ended 30 January 2021 issued on 14 June 2021.
Enquires:
Tulchan Communications
Jonathan Sibun
Jessica Reid
+44 (0) 20 7353 4200
Publication of Regulated Information - classified under DTR
Annex 1 R, section 1.1
LEI: 549300HN14450OU4IL77
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END
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