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TP Group PLC (TPG)

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Thursday 23 September, 2021

TP Group PLC

ISS Recommends TP Group shareholders Vote AGAINST

RNS Number : 7877M
TP Group PLC
23 September 2021
 

23 September 2021

TP Group plc

(the "Company", "TP Group" or the "Group")

Leading Independent Corporate Governance Advisor ISS Recommends TP Group shareholders Vote AGAINST All Requisitioned Resolutions

TP Group is pleased to announce that leading independent corporate governance advisor, Institutional Shareholder Services ("ISS") has recommended that TP Group shareholders vote AGAINST all the resolutions proposed by Science Group Plc ("Science Group") at the forthcoming requisitioned General Meeting, which is being held on Friday 1 October 2021 at 10:30 a.m ("the Requisitioned GM").

Commenting on the ISS recommendation, David Lindsay, Chief Executive of TP Group, said:

"We welcome this recommendation by a leading independent corporate governance advisor to vote against all resolutions. They too believe that the appointment of the Science Group nominees would erode the independence of the Board and highlight that Science Group has not put forward a compelling rationale for why their involvement is preferable to the status quo particularly given that we are well positioned to increase shareholder value with a refined growth strategy."

ISS is a leading independent, third-party proxy advisor which, among other services, provides proxy-voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.

For further information, please contact:

TP Group plc

Tel: 01753 285 810

David Lindsay, Chief Executive Officer

Derren Stroud, Chief Financial Officer




www.tpgroupglobal.com




Cenkos Securities plc

Tel: 020 7397 8980

Stephen Keys / Mark Connelly / Callum Davidson


www.cenkos.com

 




SEC Newgate UK

Tel: 020 3757 6882

Elisabeth Cowell/ Bob Huxford/ Richard Bicknell


www.secnewgate.co.uk


 

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