Annual Report 2020 and Annual General Meeting 2020

20 October 2020

McBride plc

Annual Report 2020 and Annual General Meeting 2020

McBride plc (the "Company" or the "Group") announces that it has today published its Annual Report for the year ended 30 June 2020 (Annual Report 2020).

The Company also announces that today, 20 October 2020, it posted to shareholders the Notice of Annual General Meeting to be held at 3.00pm BST on Monday 23 November 2020 at Building C, Central Park, Northampton Road, Manchester M40 5BP.

In accordance with Listing Rule 9.6.1, copies of the following documents have been submitted to the UK Listing Authority and will shortly be available for inspection from the Financial Conduct Authority's National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism:

-       Annual Report 2020;

-       Notice of Annual General Meeting 2020; and

-       Proxy Form for the Annual General Meeting 2020.

The above documents are also available at www.mcbride.co.uk

This information should be read in conjunction with the Company's preliminary results announcement. A condensed set of the Company's financial statements, information on important events that have occurred during the financial year and their impact on the financial statements and the Company's principal risks were included in the preliminary results announcement released on 8 September 2020. That information, together with the information set out below in the appendix, is provided in accordance with the Disclosure and Transparency Rule (DTR) 6.3.5R, which requires it to be communicated to the media in full unedited text through a Regulatory Information Service. This announcement is not a substitute for reading the full Annual Report 2020.  Page and note references in the text below refer to page numbers and note references in the Annual Report 2020.

Appendix

Related party transactions

Transactions between the Company and its subsidiaries, which are related parties of the Company, have been eliminated on consolidation and, therefore, are not required to be disclosed in these financial statements. Details of transactions between the Group and other related parties are disclosed below.

Post-employment benefit plans

Contributions amounting to £6.9 million (2019: £6.7m) were payable by the Group to pension schemes established for the benefit of its employees. At 30 June 2020, £nil (2019: £nil) in respect of contributions due was included in other payables.

Compensation of key management personnel

For the purposes of these disclosures, the Group regards its key management personnel as the Directors and certain members of the senior executive team.

Compensation payable to key management personnel in respect of their services to the Group was as follows:

Directors' Responsibility Statement

The Annual Report 2020 contains the following statements regarding responsibility for the financial statements in compliance with DTR 4.1.12. Responsibility is for the full Annual Report and Financial Statements 2020 and not the condensed statements required to be set out in the Annual Financial Report announcement.

Each of the directors, whose names and functions are listed on pages 52 and 53 of the Annual Report, confirm that, to the best of their knowledge:

- The Group financial statements, prepared in accordance with the applicable set of accounting standards, give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and the undertakings included in the consolidation taken as a whole.

- The Management Report includes a fair review of the development and performance of the business and the position of the Company and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face.

- The Annual Report, taken as a whole, is fair, balanced and understandable, and provides the necessary information for shareholders to assess the Group's performance, business model and strategy.

The Directors of McBride plc are listed in the Annual Report 2020, and on the Group's website: https://www.mcbride.co.uk/about-us/our-board/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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