Special Meeting Notifications

RNS Number : 4906S

Quarto Group Inc

30 November 2012

 



For Immediate Release                                                                                                                                30 November 2012

The Quarto Group, Inc ("Quarto" or "the Company")

Quarto Announces Details of Special Meeting and Recommends that Shareholders vote for the Proposed Resolution

The Board of Quarto (Full List: QRT.L) announces that it intends to hold a special meeting to approve a change of the Company's By-laws, in order to separate the role of Chairman and Chief Executive.

The existing By-laws of the Company require the Chairman of the Board to be the Chief Executive Officer. This is in contrast to provision A.2.1 of the UK Corporate Governance Code which requires that such roles should not be exercised by the same individual. The Board has kept its compliance with the UK Corporate Governance Code under constant review and on 19 November 2012 the Board decided that it would be appropriate to amend the By-laws to separate these roles.

If the resolution to approve the amendment is passed, the Board intends to appoint Tim Chadwick as Chairman of the Board and Marcus Leaver as Chief Executive Officer of the Company.

The meeting will be held for shareholders of Quarto at The Old Brewery, 6 Blundell Street, London N7 9BH on 18 December 2012 at 2.00pm. A copy of the circular will be available on the Company's website at www.quarto.com.

The Board will be voting in favour of the resolution and recommends unanimously that shareholders vote FOR the resolutions.

The Quarto Group, Inc                   020 7700 9004

Marcus Leaver, COO/ Mick Mousley, CFO            

Canaccord Genuity Limited         020 7523 8359

Bruce Garrow   

Buchanan                                            020 7466 5000

Mark Edwards, Louise Hadcocks               

About Quarto:

Quarto is one of the largest international co-edition book publishers with two principal strands of activity: its Publishing segment publishes books, under imprints owned by the Group; and its Co-Edition Publishing segment creates books that are licensed to third party publishers for publication under their own imprints in many languages around the world.

 

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