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03 April 2020 11:00 Download the pdf

The 2019 Annual Report and Notice of Annual General Meeting

Melrose Industries PLC (the “Company”) announces that its Annual Report and financial statements for the year ended 31 December 2019 (the “Annual Report”), Notice of Annual General Meeting (the “AGM”), and Form of Proxy for the AGM have each been sent to shareholders, under the cover of a letter from our Chairman, Mr Justin Dowley (“Chairman’s Letter”), and subject to the trading update released on 30 March 2020 (“Trading Update”) which together confirmed that the previously proposed resolutions in relation to approval of the final dividend and the new long term incentive scheme have been withdrawn due to the continuing impact of the global outbreak of COVID-19. Please refer to those documents for further information. The Annual Report, Notice of AGM, Chairman’s Letter and the Trading Update are available to view or download from the Company’s website at https://www.melroseplc.net/investors/.

The Company’s AGM will be held at 11.00 a.m. on 7 May 2020 at Leconfield House, Curzon Street, London W1J 5JA.

PLEASE NOTE THAT IN LINE WITH UK GOVERNMENT GUIDANCE AT THE TIME OF PUBLICATION OF THE NOTICE OF AGM, THE COMPANY URGES ALL SHAREHOLDERS NOT TO ATTEND THE AGM IN PERSON, BUT TO MAKE USE OF PROXIES TO EXERCISE THEIR VOTING RIGHTS AND TO SUBMIT ANY QUESTIONS PRIOR TO THE MEETING USING THE SERVICE THAT THE COMPANY HAS SET UP FOR THESE PURPOSES.

If, despite this request, any shareholder nonetheless seeks to attend in person, the Chairman reserves the right to introduce further appropriate safety measures such as temperature checks and self-certifications, as well as to suspend the meeting immediately and seek an alternative time when it can be held safely and in accordance with UK Government guidance.

The Company’s preliminary results announcement on 5 March 2020 included, in addition to the preliminary financial results, the text of the Chairman’s statement, Chief Executive’s review (including the Divisional review) and Finance Director’s review, in each case as contained in the Annual Report. In the few short weeks since we announced our very successful set of 2019 financial results, the global situation has completely changed and we all face very difficult health and economic circumstances. As we release our Annual Report, the impact of this outbreak is still uncertain. However, it is clear that the language and tone of our preliminary results announcement, as reflected in our Annual Report, are no longer appropriate for 2020.

The appendix to this announcement sets out the required disclosures with regard to the Directors’ responsibility statement, the principal risks and uncertainties and related party transactions, in each case as contained in the Annual Report. Together, this information is provided in accordance with Disclosure & Transparency Rule 6.3.5(2). This information is not a substitute for reading the full Annual Report for the year ended 31 December 2019.

The Company confirms that, in compliance with Listing Rule 9.6.1, an electronic copy of each of the Company’s Annual Report for the year ended 31 December 2019, Notice of AGM and Form of Proxy for the AGM have been submitted to the National Storage Mechanism, appointed by the Financial Conduct Authority, and will be available shortly for inspection at www.morningstar.co.uk/uk/NSM.

Enquiries:

Montfort Communications:

Nick Miles, +44 (0) 20 3514 0897

Charlotte McMullen, +44 (0) 7973 130 669 / +44 (0) 7921 881 800