Adnams plc - AGM Statement
The Directors of Adnams plc ("the Company"), the
Further to communications earlier in the year and ahead of the AGM, the Company wishes to confirm that it has made progress in its review of options to fund its future growth plans, with interest secured from multiple parties.
A Board Committee is currently evaluating indicative and non-binding proposals based on its agreed framework to determine which route offers the best long-term value for the Company and its shareholders.
The Board also wishes to confirm that, whilst timings will be in part determined by the outcome of the review to raise additional capital, its Chairman Jonathan Adnams and Senior Independent Director Steve Sharp have both notified their intention to step down at or before the 2025 AGM, subject to re-election in 2024.
The Company also confirms that current sales, margin and profit remain in line with its forecast for the five month period to end of May 2024, during which time it has continued to outperform the market in beer volumes and sales. The AGM will be held at the Britten Studio, The Hoffmann Building, Snape Maltings, Snape,
ENDS
For further information contact info@adnams.co.uk
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