Notice of AGM, Notice of GM and Circular
The Restaurant Group plc
(the 'Company')
Publication of Annual Report, Notice of Annual General Meeting, Notice of General Meeting and Circular
The Company announces that it will today publish and post to shareholders its Annual Report and Accounts for the year ended 31 December 2017 ('Annual Report'), together with its 2018 Annual General Meeting Notice ('AGM Notice') along with a Notice of General Meeting with related explanatory circular (the 'Circular') (together the 'GM Notice and Circular').
In addition to the regular AGM business, the General Meeting Notice and Circular contains a proposed resolution which will be put to shareholders at the General Meeting to rectify administrative errors of which the Board has become aware regarding the level of distributable reserves and the payment of interim and final dividends to shareholders during the period from 2006 to 2017 (the 'Relevant Dividends'). The background to this matter was set out in the final results announcement on 7 March 2018.
In order to remedy this, the proposed resolution will, if passed, authorise the appropriation of distributable profits to the payment of the Relevant Dividends and give the Board authority to enter into deeds of release for shareholders and directors in order to restore all potentially affected parties to the position they were intended to be had the Relevant Dividends been paid in accordance with the procedural requirements of the Companies Act 1985 and the Companies Act 2006 (as relevant). This is in line with the approach taken by other listed companies that have encountered similar procedural issues in the past. In accordance with the Listing Rules, the entry by the Company into the deeds of release for shareholders and directors constitutes a related party transaction. The issue is of a historical nature and there is no change to the financial outlook of the Company and no past accounts will need to be restated. No fines or other penalties have been incurred by the Company. There is no impact on the final dividend proposed for approval by shareholders at the AGM.
In accordance with Listing Rule 9.6.1, copies of the AGM Notice, the GM Notice and Circular and Annual Report have been submitted to the National Storage Mechanism and will shortly be available to view at http://www.morningstar.co.uk/uk/NSM and on the Company's website, http://www.trgplc.com/investors/reports-and-presentations.
The Company's General Meeting and Annual General Meeting will be held at the offices of Instinctif Partners, 65 Gresham Street, London, EC2V 7NQ at 9.45am and 10.00 am respectively on Wednesday, 23 May 2018.
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Enquiries: |
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The Restaurant Group plc Ace Company Services Limited Company Secretary |
Tel: 020 3117 5001 |
This information is provided by RNS
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