Circ re. Publication of Class 1 and Notice of GM
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 .
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Investor enquiries:
Essentra plc Emma Reid, Head of Governance Claire Goodman, Group Investor Relations Manager Jack Clarke, Chief Financial Officer Tel: +44 (0)1908 359100 |
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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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