Receipt of notice from shareholder
Headlam Group PLC has received a notice from shareholder First Seagull AS, which holds 10.05% of the company's issued share capital, to convene a general meeting. First Seagull AS proposes resolutions to remove the chair and two non-executive directors, and appoint two of its own nominees, including Managing Director Stian Husvaeg. The Board is considering the notice with its advisers and is confident in its recently refreshed team's ability to implement the company's strategy. Shareholders are advised to take no action and await further announcements.
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The Board acknowledges that on 24 April 2026 a member of the Board received a notice purporting to be a requisition notice from First Seagull AS ("FS") to convene a general meeting of the Company. The Board is considering the notice with its advisers.
FS, which has notified the Company that it holds 10.05% of the Company's issued share capital, has proposed resolutions to remove the chair and two non-executive directors of the Board and appoint two nominees of FS as non-executive directors including Stian Husvaeg, who is Managing Director of FS. If a general meeting is convened it would be in addition to the scheduled annual general meeting.
The Board is confident that the recently refreshed Board (including a new executive team and two new non-executive directors) has the right experience to implement the Company's strategy and turnaround, and is getting on with doing so at pace.
The Board also wishes to highlight the extensive engagement with its shareholders including FS over recent months and intention to maintain that dialogue.
The notice does not impact the Company's annual general meeting, which will proceed as planned on 20 May 2026.
The Board advises that shareholders in the Company take no action and await a further announcement from the Company that will be made in due course.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.