Adnams plc - AGM
Statement
The Directors of Adnams plc ("the
Company"), the Suffolk-based premium beer, spirits and hospitality
group, will hold the Company's AGM on 27th June
2024.
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, Suffolk, IP17 1SP on the 27th
June 2024 at 11:00.
ENDS
For further information
contact info@adnams.co.uk