Business
Response to Shareholder Letter
RTC Group Plc has responded to a shareholder letter from David Stredder, who holds a 5.08% stake and has proposed resolutions to appoint two independent non-executive directors. The Board acknowledges Stredder's statement but believes it contains inaccuracies, asserting that RTC is a sustainable business with strong shareholder returns and a record £300 million order book. The Board recommends shareholders reject Stredder's resolutions, citing concerns about the proposed directors' independence and Stredder's own remuneration comparisons, while emphasizing their commitment to delivering for all shareholders. Disclaimer*
About this update from Rtc Group Plc
[{"type":"text","content":"\n\n20 May 2026\nRTC Group Plc\n(\"RTC\", \"the Company\" or \"the Group\")\nResponse to Shareholder Letter\nThe Company's notice of general meeting contained two resolutions that were proposed by Mr David Stredder, a member representing at least 5% of the total voting rights of all members of the Company. The Board is now required to release the statement set out below from Mr Stredder.\nIn the Board's opinion this statement contains a number of inaccuracies. However, your directors have no desire to enter into a public spat with a shareholder through a line-by-line rebuttal.\nRTC is already a long-term sustainable business due to the strategic choices and management actions of your directors. This is well documented through the Company's total shareholder return which has outperformed both the wider sector and direct comparisons Mr Stredder chooses to compare the Group with.\nThe Board's focus will remain on delivering for all shareholders by continuing RTC's strong out-performance relative to the wider sector and building on the current record £300m order book that demonstrates the capabilities of the Group Board and the current management structure.\nThe Board has made its views very clear on the rationale behind its decision to recommend shareholders reject the Stredder resolutions. However, it will of course abide by the decision of shareholders at the AGM and would encourage Mr Stredder to do the same.\n \n~ Ends ~\nEnquiries:\n\n\n\n\nRTC Group Plc\n\n\n Tel: 01332 861 816\n\n\n\n\nAndy Pendlebury, Chairman and Chief Executive\nwww.rtcgroupplc.co.uk\n \n\n\n Contact Us - RTC Group Plc\n\n\n\n\nSPARK Advisory Partners Limited (Nominated Adviser)\nMatt Davis / James Keeshan\nwww.Sparkadvisorypartners.com\n \n\n\n Tel: 0203 368 3550\n\n\n\n\nZeus (Broker) \nMike Coe / James Bavister (Investment Banking)\nNick Searle (Sales)\nwww.zeuscapital.co.uk\n &nbs...