Business
Notice of General Meeting
Sosandar plc is seeking shareholder approval at a general meeting on April 1, 2026, to renew its authority to conduct market purchases of its own shares. The company has repurchased 24,190,000 ordinary shares under its previous authority, which is expected to be exhausted before the September 2026 annual general meeting. The proposed new authority would allow for the purchase of up to 22,403,651 ordinary shares, approximately 10% of the issued share capital, as directors believe share buybacks are an effective way to return surplus capital and enhance long-term shareholder value. Disclaimer*
About this update from Sosandar Plc
[{"type":"text","content":"\n\n\n\n\n\n13 March 2026\n\n\n\n\n\n\n\n \nSosandar plc\n('Sosandar' or 'the Company')\nNotice of General Meeting\nRenewal of Share Purchase Authority\nSosandar plc (AIM: SOS), the women's fashion brand, creating quality, trend-led products for women of all ages, announces that it has today published and distributed to shareholders a circular incorporating a notice of general meeting of the Company's shareholders (the \"Circular\"), and a related form of proxy. Capitalised terms used in this announcement have the meaning given in the Circular unless the context requires otherwise or as otherwise defined herein. Copies of the documents will shortly be available on the Company's website.\nThe General Meeting will be held at the Company's offices at 2nd Floor, Springfield House, Water Lane, Wilmslow, Cheshire, SK9 5BG on 1 April 2026 at 10.00 a.m, at which a special resolution will be proposed to renew the Board's authority to make market purchases of the Company's own shares. The Circular sets out the background to and reasons for the proposed resolution and includes the formal notice convening the General Meeting.\nAt the Company's Annual General Meeting on 18 September 2025 (the \"2025 AGM\"), Shareholders granted authority for the Company to make market purchases of up to 24,822,651 Ordinary Shares, representing 10% of the Company's issued share capital at that time (the \"2025 AGM Buyback Authority\"). Since the 2025 AGM, the Company has repurchased 24,190,000 Ordinary Shares pursuant to that authority. As a result, the Directors expect that the 2025 AGM Buyback Authority will, in all likelihood, be exhausted in advance of seeking Shareholder approval to renew the authority at the Company's next annual general meeting, expected to be held in September 2026 (the \"2026 AGM\").\nThe Directors believe that share buybacks remain an effective mechanism for returning surplus capital to Shareholders and delivering long‑term shareholder value and are therefore seeking, subject to Shareholder approval, an immediate renewal of this authority.\nAccordingly, a special resolution will be proposed to seek additional authority for the Company to make market purchases of up to 22,403,651 Ordinary Shares, representing approximately 10% of the Company's issued share capital (excluding Ordinary Shares held in treasury). The new authority w...