Statement re change of 2020 AGM arrangements
BARRATT DEVELOPMENTS PLC
(the "Company")
1 October 2020
Barratt Developments PLC 2020 Annual General Meeting - Update
In our Notice of Annual General Meeting 2020 (the "AGM"), we explained that the Company was closely monitoring developments relating to the current outbreak of COVID-19, including the related public health guidance and legislation issued by the Government, and that the Company would keep shareholders updated should its plans for the AGM change in light of those developments. Following the Government's announcement of updated national measures to address the COVID-19 outbreak and the coming into force of the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) Regulations 2020, the Company's AGM scheduled for 12 noon on 14 October 2020 will now be held as a closed meeting at the Company's office at Kent House, 1st Floor, 14-17 Market Place, London W1W 8AJ, and shareholders will not be allowed to attend the meeting. The time and date of the AGM remains the same.
The AGM will be held with the minimum required quorum present, including the Chairman of the meeting and a limited number of directors and/or employees, in order to conduct the business of the meeting. The usual format of the AGM will be condensed and will include only the formal business of the meeting.
We are of course disappointed that our AGM has been impacted, but the safety and security of our shareholders and colleagues remains our priority. We hope that all of our shareholders will therefore understand the need for the changes we are announcing today.
Shareholders are nevertheless strongly encouraged to vote at the AGM. In order to do so, shareholders should appoint the Chairman of the meeting as their proxy and otherwise complete their proxy voting instructions in accordance with the guidance in the Notice of AGM, which can be found on our website at: https://www.barrattdevelopments.co.uk/investors/shareholder-centre/agm/agm-2020. To be valid, proxy voting instructions must be received by no later than 12 noon on Monday 12 October 2020.
We recognise that the AGM also provides an important opportunity for engagement between the Company and shareholders. As set out in the notice of AGM, shareholders may submit questions relating to the business of the AGM in advance of the meeting. Questions may be submitted via email to agmquestions@barrattplc.co.uk or by post to The Company Secretary, at Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville Leicestershire LE67 1UF. We will publish the answers to questions on our website as soon as practicable after the AGM.
The results of voting on the resolutions to be proposed at the AGM will be announced in the normal way through a regulatory information service and will be available on the Company's website as soon as practicable following the conclusion of the meeting.
For further information, please contact:
Tina Bains
Company Secretary
Telephone: 01530 278278
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