Business
Receipt of requisition notice – 2026 AGM
Workspace Group PLC has received a requisition notice for its Annual General Meeting on 23 July 2026, requesting ordinary resolutions to remove five Non-Executive Directors and appoint four new ones. This notice was submitted by Vidacos Nominees Limited on behalf of Saba Capital Management L.P., which holds approximately 18.21 per cent of the Company's issued share capital. The Board has engaged with Saba Capital regarding its proposal for a managed wind-down, concluding it is not achievable or in the best interests of shareholders, but remains open to dialogue. Workspace believes in its current strategy, which aims to deliver sustainable earnings growth, with further details to be provided on 10 June 2026. Disclaimer*
About this update from Workspace Group Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \nFOR IMMEDIATE RELEASE.\n \n8 May 2026\n \n\n\n\n\n\n\n\nWorkspace GROUP PLC\n \nReceipt of requisition notice in respect of the\n2026 Annual General Meeting\n \nThe Board of Workspace Group PLC (the \"Board\" and the \"Company\" respectively) acknowledges receipt of a requisition notice (the \"Requisition\") pursuant to section 338 of the Companies Act 2006 requesting the circulation of ordinary resolutions to be considered on a poll at the Company's next Annual General Meeting, which is scheduled to be held on 23 July 2026 (the \"AGM\").\n \nThe Requisition sets out ordinary resolutions to be proposed at the AGM in relation to the removal of five of the current Non-Executive Directors, and the appointment of four new Non-Executive Directors.\n \nThe Requisition has been made by Vidacos Nominees Limited a/c 2062, acting as nominee and on behalf of Saba Capital Management L.P. (\"Saba Capital\"), a US hedge fund, which has interests in approximately 18.21 per cent of the Company's issued share capital. \n \nThe Board has engaged constructively with Saba Capital following the publication of its letter of 8 January 2026, which set out a proposal to address the discount to net asset value by means of a managed wind-down of the Company over a 12-month period. Following that engagement, and having properly considered Saba Capital's proposal, the Board concluded, and notified Saba Capital, that the proposal is not achievable, nor will it maximise value for shareholders, and so is not in the best interests of the Company and its shareholders as a whole. Nevertheless, the Board remains open to continuing a constructive dialogue with Saba Capital.\n \nAs set out by the Company's new Chief Executive Officer, Charlie Green, in the business update on 17 April 2026, Workspace has a high-quality portfolio and operates in a market with continued long-term structural demand. The Company has a clear path to accelerate its strategy to reposition and elevate its offering to deliver sustainable earnings growth and ...