Business
Statement pursuant to s.314 of the Companies Act
Wynnstay Properties PLC has issued a statement regarding Resolutions 11 and 12 for its upcoming Annual General Meeting, which concern the authority to issue shares. The Board unanimously recommends shareholders vote in favour, believing these resolutions are in the company's best interests to facilitate asset acquisitions, with the proposed authority limited to five percent of issued share capital, valued at approximately £1.36 million based on the previous day's closing price. This is considered modest and below institutional investor guidelines. A significant shareholder, Gareth J. Gibson, who owns approximately 11.9 percent of the company, has requested the circulation of his statement opposing these resolutions, primarily due to concerns about dilution and the potential impact on the company's long-standing, family-oriented shareholder base, especially given the company's recent arrangement for extended finance facilities of up to £20 million. Disclaimer*
About this update from Wynnstay Properties Plc
30 June 2026 WYNNSTAY PROPERTIES PLC ("Wynnstay" or "the Company") STATEMENT PURSUANT TO S 314 OF THE COMPANIES ACT Statement circulated pursuant to section 314 of the Companies Act 2006 and response from the Board of Wynnstay Wynnstay has received a statement from Gareth J. Gibson pursuant to section 314(1) of the UK Companies Act 2006 concerning Resolutions 11 and 12 ("the Resolutions") to be considered at the forthcoming Annual General Meeting of the Company. That statement, together with the Board's response, are set out in full below. The Wynnstay Board considers the Resolutions to be in the best interests of Wynnstay and all its shareholders and unanimously recommends that shareholders vote in favour of the Resolutions for the reasons set out in its response. As previously announced, the Company's Annual General Meeting will take place at the Royal Automobile Club, 89 Pall Mall, London SW1Y 5HS at 2.00pm on Wednesday 15 July 2026. _________________________________________________________________________________ Statement from the Board of Wynnstay 29 June 2026 Statement from the Board of Wynnstay Properties plc ("Wynnstay") Dear Shareholders Annual Genera...
View stock analysis, news, and events for Wynnstay Properties Plc