Business
Shareholder notification
RTC Group Plc has received a formal notification from a 5% shareholder, Mr. David Stredder, requesting the inclusion of two resolutions at the upcoming Annual General Meeting on May 27, 2026, to elect Paul Hooper and Gerard Oates as directors. The Board of RTC views these proposed directors as proxies for Mr. Stredder, not independent, and believes the resolutions are without merit and an unnecessary distraction, especially as the company anticipates appointing an independent non-executive director soon. This announcement follows RTC's record results for the year ended December 31, 2025, and a 10% increase in dividends. Disclaimer*
About this update from Rtc Group Plc
[{"type":"text","content":"\n\n07 April 2026\n \nCertain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (\"MAR\") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.\n \n \nRTC Group Plc\n(\"RTC\", \"the Company\" or \"the Group\")\nShareholder notification\n \nThe Company has today received a formal notification from Mr David Stredder, a 5% shareholder in the Company. Mr Stredder has requested that the Company include the two resolutions set out below (the \"Stredder Resolutions\") at the forthcoming Annual General Meeting scheduled for 27 May 2026 (the \"AGM\").\n1. To elect Paul Hooper as a director of the Company\n2. To elect Gerard Oates as a director of the Company\nIn accordance with the Companies Act by virtue of Mr Stredder's shareholding he is entitled to either requisition an EGM for shareholders to consider resolutions he considers appropriate or requisition the Company to include resolutions at its forthcoming AGM. The Company by abiding by Mr Stredder's instructions is fulfilling its legal responsibilities under the Companies Act.\nThe Board of RTC will outline a full response to the Stredder Resolutions in the notice of AGM to be circulated to shareholders in due course. At this time the Board wishes to inform shareholders that the Stredder Resolutions have been proposed by Mr Stredder without prior consultation with the Board. Despite being informed of the process being followed by the Board to appoint a further non-executive director, Mr Stredder has chosen to continue with the Stredder Resolutions. \nIt is the Board's view that by virtue of the candidates being known to and proposed by Mr Stredder, they cannot be considered independent, rather proxies for Mr Stredder.\nThe Board believe the Stredder Resolutions to be without merit, and an unnecessary and inappropriate distraction as they anticipate appointing a further independent non-executive director who has significant relevant experience within a measurable timeframe.\nOn 23 March 2026 the Company announced record equalling results for the year ended 31 December 2025 and a 10% increase in dividends for shareholders, and the Board ...