Concert Party

Click here to view the PDF of the Notice of Annual General Meeting for the year ended 28 March 2015 with specific reference to the Concert Party and Resolution 10 - Waiver Resolution

Resolution 10

"THAT the waiver granted by the Panel on Takeovers and Mergers of the obligation, which would otherwise arise pursuant to Rule 9 of the City Code on Takeovers and Mergers, for members of the Concert Party to make a general offer to the other shareholders of the Company for all of their Ordinary Shares as a result of the vesting of up to 60,141 Ordinary Shares to the LTIP Concert Party Patricipants pursuant to the 2012-2014 LTIP Awards and the 2015 LTIP Awards and the vesting of up to 902 Ordinary Shares to the SAYE Concert Party Patricipant pursuant to the 2013 SAYE Awards be and is hereby approved."

The shareholding threshold for the Concert Party was agreed to be 39.3%