Business
Notice of Requisitioned GM and posting of Circular
Empresaria Group PLC announced a notice of a Requisitioned General Meeting following a requisition notice from Mr. Anthony Martin, who holds approximately 27.93% of the company's voting rights. The meeting aims to remove four current directors and appoint four new ones. The Board is recommending shareholders vote against all resolutions, believing they prejudice shareholder value; the Board will vote against the resolutions in respect of Ordinary Shares which they are able to procure the vote, totalling 1.26 per cent of the Company's issued share capital. Singer Capital Markets, the Company's Nominated Adviser, would resign immediately if one or more of the resolutions are approved by Shareholders. The Requisitioned General Meeting will be held on October 15, 2025. Disclaimer*
About this update from Empresaria Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 (AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n17 September 2025\nEmpresaria Group plc\n(\"Empresaria\", or the \"Company\", or the \"Group\")\nNotice of Requisitioned General Meeting and posting of Circular\nAs announced on 26 August 2025, the board of directors (the \"Board\") of Empresaria received a requisition notice (the \"Original Requisition\") from Mr Anthony Martin (\"Mr Martin\") (former chairman of Empresaria) who holds approximately 27.93% of the Company's voting rights for the Company to hold a general meeting (the \"Requisitioned General Meeting\") to remove four of its current directors, those being Stephen Bellamy, Ranjit de Sousa, Rhona Driggs and Penelope Freer, and to appoint four new directors to the Board.\nThe Original Requisition contained certain errors which would have meant that the resolution to remove Penny Freer as a Director would not have been effective. Despite being under no obligation to do so, the Company informed Mr Martin and his legal counsel of this fact and, on 27 August 2025, Mr Martin served an updated requisition notice (the \"Requisition\") with such errors rectified.\nThe following ordinary resolutions will be proposed to the Company's shareholders (\"Shareholders\") for consideration at the Requisitioned General Meeting:\n1. To remove Stephen Gerard Bellamy from office as director of the Company with effect from the end of the Requisitioned General Meeting.\n2. To remove Ranjit Bernardo Elvino de Sousa from office as director of the Company with effect from the end of the Requisitioned General Meeting.\n3. To remove Rhona Lynne Driggs from office as director of the Company with effect from the end of the Requisitioned General Meeting.\n4. To remove Penelope Anne Freer from office as director of the Company with effect from the end of the Requisitioned General Meeting.\n5. To appoint Joost Kreulen as director of the Company with effect from the end of the Requisitioned General Meeting.\n6. To appoint Vinod Tailor as director of the Company ...