Crest Nicholson Holdings plc
(the "Company" or "Crest Nicholson")
Further AGM Update
As announced on 20 March 2020, the 2020 Annual General Meeting ('AGM') of Crest Nicholson Holdings plc will now be held at the Company's Registered Office Crest House, Pyrcroft Road, Chertsey, Surrey KT16 9GN (approximately 5 miles from the original venue) at 12.00 noon on the same day, Tuesday 24 March 2020.
It is extremely challenging in the context of Government guidance around social distancing and health and welfare advice to hold an annual general meeting in the format typically expected by our shareholders.
Physical meeting arrangements
In accordance with our previous announcements, shareholders are strongly discouraged from attending in person and to follow Government guidance with respect to coronavirus (COVID-19).
We appreciate this is a very unusual approach, but we want to reduce all unnecessary physical contact for shareholders between themselves, our employees and Board members.
As such:
· We expect one Director and the Company Secretary to be in attendance in person at the venue to conduct the business of the meeting.
· No other directors will be present in person.
· There will be no update on trading or other management statements.
· Questions raised about the business of the meeting will be noted and responded to via our website - if possible a brief answer will be given in the meeting.
· There will be no refreshments and attendees will have to comply with strict hygiene arrangements in force at the venue.
· Social distancing measures will be in place.
Immediately after the meeting; shareholders will be required to vacate the venue and those wishing to participate in the shareholder Q&A dial-in will be asked to do so from outside our office. This is to allow us to minimise the physical contact time for shareholders with each other, our employees and Board members.
We thank shareholders for their co-operation and understanding during these challenging and extraordinary times.
Dial-in listening facility and opportunity to question the Board
We have sought to ensure that shareholders can listen to the AGM, and then ask questions so as to not have to attend the AGM in person.
A listen only dial-in facility will be provided to allow shareholders to listen to the AGM proceedings. Immediately after the formal AGM, the same dial-in facility will be opened up to allow shareholders to ask questions of the Board.
AGM proceedings are expected to start at 12.00 noon followed by the Q&A session.
Shareholders are advised to allow up to 15 minutes prior to the call to access the service and register.
Dial in number +44 (0) 20 3003 2666
Password Crest Nicholson
As previously announced, shareholders may also submit questions to the Directors ahead of meeting by e-mail to [email protected] (marked for the attention of the Company Secretariat). We will publish these questions and answers on our website after the meeting.
Further shareholder engagement
The Company apologises for any inconvenience caused by these changes and arrangements but considers it the most appropriate way to hold its AGM and to enable as many shareholders as possible to listen to proceedings, and after, to ask questions of the Board.
The Company hopes that we are in a situation later in the year where it will be appropriate for larger groups to assemble. At that time, we will engage with shareholders to understand whether a further shareholder meeting would be desirable prior to the next formal AGM.
The results of the AGM will be published via regulatory news service as soon as possible after the meeting and published on our website www.crestnicholson.com/investor-relations/agm.
Our Company Secretariat remain available to shareholders in the first instance for any questions related to the AGM via [email protected] or by telephone 01932 580 555 during normal business hours.
For further information, please contact:
Crest Nicholson
Jenny Matthews, Head of Investor Relations +44 (0) 7557 842720
Finsbury +44 (0) 20 7251 3801
Faeth Birch
Philip Walters
23 March 2020
