Notice of GM
Summary by AI BETAClose X
11 December 2025
Rockwood Strategic plc
("RKW" or the "Company")
Publication of Circular and Notice of General Meeting
The Company announces that it will later today publish a Circular, including a notice convening a General Meeting of the Company's Shareholders, in order to seek Shareholder authority to: (i) allot up to 21,240,536 Ordinary Shares (the "General Allotment Authority"); and (ii) disapply pre-emption rights in respect of the Ordinary Shares to be issued pursuant to the General Allotment Authority (together, the "Proposals").
At the Annual General Meeting on 29 July 2025, the Directors were empowered to issue and allot up to 14,076,020 Ordinary Shares and statutory pre-emption rights were waived in respect of the issue and allotment of 8,530,920 Ordinary Shares (equivalent to 20 per cent. of the Company's issued share capital at the latest date prior the Annual General Meeting) pursuant to the authority duly passed by Shareholders at the Company's Annual General Meeting.
The Company has utilised a significant proportion of this existing authority having issued 8,028,500 Ordinary Shares since the Annual General Meeting. The General Meeting is therefore being convened to seek Shareholder approval to issue and allot up to a further 21,240,536 Ordinary Shares on a non-pre-emptive basis.
The Circular will provide Shareholders with information about the background to and the reasons for the Proposals, to explain why the Board considers the Proposals to be in the best interests of the Company and its Shareholders as a whole, and why the Board unanimously recommends that Shareholders vote in favour of the Resolutions to be proposed at the General Meeting.
The Company's Ordinary Shares have generally traded at a premium to the Company's NAV for an extended period of time, with an average premium of 1.6 per cent. in the 12-month period to 30 November 2025. The Board believes that the premium rating of the Ordinary Shares has been driven primarily by the Company's strong performance with NAV total return over the 12-month, 36-month and 48-month period to 30 November 2025 of 8.9 per cent., 68.5 per cent., and 76.2 per cent. respectively.
This performance has led to a strong level of interest in the Company's Ordinary Shares and as such an active share issuance programme with the Company issuing 14,003,677 Ordinary Shares in the 12-months prior to 30 November 2025.
A copy of the Circular will shortly be available on the Company's website at www.rockwoodstrategic.co.uk/key-docs/ and will be submitted to the National Storage Mechanism of the FCA at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Notice of General Meeting
The General Meeting will be held at the offices of Harwood Capital LLP, 6 Stratton Street, Mayfair, London, W1J 8LD at 12.00 p.m. on 12 January 2026. The Notice of General Meeting is set out at Part 3 of the Circular.
Expected Timetable of Events
|
Date of the Circular |
11 December 2025 |
|
Latest time and date for receipt of proxy votes |
12.00 p.m. on 8 January 2026 |
|
General Meeting |
12.00 p.m. on 12 January 2026 |
|
Results of General Meeting announced |
by 13 January 2026 |
Capitalised terms used but not defined in this announcement shall have the meanings given to them in the Circular.
LEI: 213800K6BRTXR7RNG709
For further information, please contact:
|
Rockwood Strategic plc Chairman |
Noel Lamb |
0333 242 3976 |
|
Rockwood Asset Management Investment Manager
|
Christopher Hart |
020 7640 3200 |
|
Singer Capital Markets Advisory LLP |
James Maxwell James Fischer |
020 7496 3000
|
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