LEI
Number: 213800VFRMBRTSZ3SJ06
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17th April 2024
CHESNARA plc
("Chesnara", "the Company" or the
"Group")
RELEASE
OF ANNUAL REPORT & ACCOUNTS AND NOTICE OF AGM
Chesnara plc (CSN.L) today announces
that its 2024 Annual General Meeting ("AGM") will be held at the
offices of Panmure Gordon & Co, 40 Gracechurch
Street, London, EC3V 0BT on Tuesday 14th May at 11:00am. In
connection with this, the 2023 Annual Report & Accounts,
including the Notice of Annual General Meeting, are being posted
and/or made available to shareholders today.
The Company continues to strongly
encourage shareholders to vote electronically. Shareholders may
also wish to submit questions in advance via e-mail
to info@chesnara.co.uk.
We will endeavour to respond to questions raised directly, or by
publishing responses on our website. We are also pleased to
be able to invite members to attend the AGM in person.
The Company's preliminary results
for the year ended 31st December 2023 were announced on
28th March 2024. This announcement contained a
management report and a condensed set of financial statements
prepared in accordance with applicable accounting standards and
responsibility statements in compliance with DTR6.3.5R.
Copies of the 2023 Annual Report
& Accounts and Notice of AGM may be viewed in the Investor
Relations section of the Company's website at www.chesnara.co.uk.
In accordance with Listing Rule
9.6.1, copies of the 2023 Annual Report & Accounts and the
Notice of AGM have been uploaded to the National Storage Mechanism
and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
As previously announced, Mark
Hesketh, Independent Non-Executive Director, stepped down from the
Board of Chesnara plc on 9 April 2024. As a result, Resolution 9
(which proposed Mark Hesketh's re-appointment as a Director of the
Company) is withdrawn from the agenda of the AGM. This withdrawal
does not affect the validity of the Notice of AGM, the proxy form
or any votes in respect of the remaining resolutions to be proposed
at the AGM. The numbering of all other proposed resolutions at the
AGM remains unchanged.
The Company's Chair, Luke Savage,
commented:
'Mark, with his wealth of experience
and knowledge of the Group, will be sorely missed at the Chesnara
plc Board table, but I am very pleased that the Group will continue
to benefit from his expertise as the newly appointed Chair of our
UK business. I want to thank him for his contribution to the
plc Board and I am looking forward to working closely with him in
this important role.'
For further information, please
contact:
Investor Enquiries
Sam Perowne
Head of Strategic Development &
Investor Relations
Chesnara plc
E - sam.perowne@chesnara.co.uk
Media Enquiries
Roddy Watt
Director, Capital Markets
FWD
T - 020 7280 0651 / 07714 770
493
E - roddy.watt@fwdconsulting.co.uk
Notes to
Editors
Chesnara (CSN.L) is a European life
and pensions consolidator listed on the London Stock
Exchange. It administers approximately one million policies
and operates as Countrywide Assured in the UK, as The Waard Group
and Scildon in the Netherlands and as Movestic in
Sweden.
Following a three-pillar strategy,
Chesnara's primary responsibility is the efficient administration
of its customers' life and savings policies, ensuring good customer
outcomes and providing a secure and compliant environment to
protect policyholder interests. It also adds value by writing
profitable new business in Sweden, the Netherlands and the UK as
well as by undertaking value-adding acquisitions of either
companies or portfolios.
Consistent delivery of the Company
strategy has enabled Chesnara to increase its dividend for 19 years
in succession.
Further details are available on the
Company's website (www.chesnara.co.uk).