Page 2 - Nicola Hillman News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Investegate |WH Smith PLC Announcements | WH Smith PLC: AGM Voting Update
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
good growth opportunities; c.100 stores won and yet to open · Encouraging performance despite continued impact from Covid-19 with improving trends · Good results across all key markets from our focused plan on customer conversion, increasing average transaction value (ATV), category development and cost management · Free cash outflow of £13m in the half · Extensive opportunities for further growth; c.100 new stores won and planned to open in Travel over the next three years with over 60 in North America · Encouraging recovery in North America · Profitable performance from High Street · Strong online performance, including a record performance from funkypigeon.com · Finished March ahead of plan with cash on deposit of £50m and undrawn facilities of £200m
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION 28 April 2021 NEW FINANCING ARRANGEMENTS & CONVERTIBLE BOND OFFERING WH Smith PLC ( WH Smith or the Company ) today announces it has successfully agreed new bank financing arrangements and launched a potential offering (the Offering ) of approximately £325m of guaranteed senior unsecured Convertible Bonds due 2026 (the Bonds ).
2. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of the votes for and against a resolution. 3. At the date of the AGM the issued share capital of the Company is 130,869,582 ordinary shares. We note that while Resolution 2 to approve the Directors Remuneration Report was passed, we acknowledge that a significant minority of shareholders, 33%, chose not to support this resolution. The Board understands that shareholders primary concern was the salary increase of £25,000 which Mr Cowling received on 1 July 2020 which was previously disclosed to shareholders in the 2019 Remuneration Report. Our 2019 Remuneration Report explained that, in accordance with best practice, Mr Cowling s salary on his appointment as Group Chief Executive was set at a lower level than his predecessor. The Remuneration Committee agreed that Mr Cowling s salary would increase
vimarsana © 2020. All Rights Reserved.