General Meeting Requisition Notice
Sanderson Design Group PLC has received a requisition notice from Ropemaker Nominees Limited, representing LBV Actio Limited, which holds approximately 11.854% of the company's shares, to convene a general meeting. The requisition proposes the removal of Dame Dianne Thompson as a director and the appointment of Mr Stephen Brooke. The Board of Directors believes these resolutions are not in the best interests of shareholders and will recommend voting against both. A further announcement will be made, and shareholders are advised to take no action at this time.
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On 25 September 2026, the Board of Directors (the “Board”) of Sanderson Design Group PLC received a requisition notice (the “Requisition”) under section 303 of the Companies Act 2006 from Ropemaker Nominees Limited, a wholly owned subsidiary of Liberum Wealth Limited, as the registered shareholder on behalf of LBV Actio Limited (“LBV”), in respect of 8,566,432 ordinary shares of 1p each, representing approximately 11.854% of the Company’s 72,264,620 issued ordinary shares requesting the Company’s board of directors (the “Board”) to convene a general meeting (the “Requisitioned GM”) under section 303 of the Companies Act 2006, as amended (the “Act”).
The Notice sets out two resolutions to be proposed at the Requisitioned GM, being:
pursuant to section 168 of the Act, Dame Dianne Thompson be and is hereby removed as a director of the Company with immediate effect.
pursuant to the Company’s articles of association, and section 154 of the Act, Mr Stephen Brooke be and is hereby appointed as a director of the Company with immediate effect.
In accordance with section 304 of the Companies Act 2006, the Board is required to call the Requisitioned GM within 21 days of receiving the Requisition, with the meeting to be held on a date not more than 28 days after the date of the notice convening the meeting.
The Board firmly believes that the Resolutions to be proposed at the Requisitioned GM are not in the best interests of shareholders as a whole and, as such, the Board will in due course be publishing a circular unanimously recommending that you vote AGAINST both Resolutions at any Requisitioned GM.
A further announcement will be made in due course and shareholders are advised not to take any action at this time.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.