Business
Notice of GM
Notice of GM.
About this update from Vistry Group Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\n1 August 2023\n \nVistry Group plc\nNotice of General Meeting (\"General Meeting\")\n \nVistry Group PLC (\"Vistry\") announces that a Notice of General Meeting (the \"Notice\") has today been published and is available on Vistry's website at www.vistrygroup.co.uk/general-meetings. The General Meeting will be held at the offices of Linklaters LLP, One Silk Street, London EC2Y 8HQ on 30 August 2023 at 10.00 a.m.\nBackground to and purpose of the General Meeting\nThe purpose of the General Meeting is to propose to Vistry's shareholders for approval a revised Directors' Remuneration Policy (the \"Revised Policy\") and consequential amendments to the Vistry Group PLC Long Term Incentive Plan 2020 and the Vistry Group Deferred Bonus Plan 2022 which are necessary in order to be able to implement the Revised Policy.\nAt the time of announcing and then publishing the circular to shareholders in connection with the combination of Vistry with Countryside Partnerships plc (\"Countryside\" and the \"Combination\", respectively), Vistry noted that, following completion of the Combination, Vistry intended to review Vistry's existing incentive arrangements, including the approach to remuneration for its executive directors and may consider implementing new or revised incentives and/or a new or revised Directors' Remuneration Policy in due course. It was noted that Vistry intended to review such arrangements in consultation with shareholders in the enlarged group, and any revisions to its approach to remuneration for the executive directors would be submitted to shareholders for approval.\nFollowing the successful completion of the Combination in November 2022, the Board and the Remuneration Committee have undertaken an in-depth review of the existing Directors' Remuneration Policy, with a view to ensuring that Vistry develops a policy that is aligned with its long-term strategy and best serves Vistry, its shareholders and stakeholders. The result of that review, as well as consultation with shareholders, is the Revised Policy (and the consequential amendments referred to above) which is being submitted to shareholders for approval at the General...