Intertek Group PLC Publication of Circular and Notice of GM (1999L)
December 21 2018 - 8:00AM
UK Regulatory
TIDMITRK
RNS Number : 1999L
Intertek Group PLC
21 December 2018
21 December 2018, London
Intertek Group plc ('Intertek' or 'the Company')
Publication of Circular and Notice of General Meeting
The Board of Directors of Intertek Group plc, a leading Total
Quality Assurance provider to industries worldwide, has become
aware of a procedural issue in respect of the payment of the
interim dividend of 31.9 pence per ordinary share on 19 October
2018 (the Relevant Distribution). The Companies Act 2006 provides
that a public company may pay a dividend out of its distributable
profits as shown in the last accounts circulated to members or, if
interim accounts are used, those that have been filed at Companies
House. The requirement for the relevant accounts to have been filed
applies even if the company in question has sufficient
distributable profits at the relevant time. The relevant accounts
were however not filed by Intertek at Companies House until after
the dividend was paid and after this procedural issue was
identified. Intertek has at all times had sufficient distributable
reserves to justify the payment of dividends. No fines or other
penalties have been incurred by the Company and there is no change
to the financial outlook of the Company.
To solve this issue the Company has today published a circular
convening a general meeting at which a resolution will be proposed
which will, if passed, put all potentially affected parties so far
as possible in the position which they were always intended to be
had the Relevant Distribution been made in accordance with the
requirements of the Act (the Circular).
The Circular contains further details regarding the consequences
of the Relevant Distribution having been made otherwise than in
accordance with the Act. The Notice, which is contained within the
Circular, convenes the general meeting for 10:00 a.m. on 16 January
2019 at Academy Place, 1-9 Brook Street, Brentwood, Essex CM14
5NQ.
The Circular will be available to view on the Shareholder's
section of the Company's website,
http://www.intertek.com/investors/shareholder/.
In addition, a copy of the Circular and the accompanying Proxy
Form have also been submitted to the National Storage Mechanism and
will shortly be available for inspection at
www.morningstar.co.uk/uk/nsm.
-ends-
Contact:
For further information, please contact:
Fiona Evans, Group Company Secretary
Telephone: +44 (0) 20 7396 3400
About Intertek
Total Quality. Assured.
Intertek is a leading Total Quality Assurance provider to
industries worldwide. Our network of more than 1,000 laboratories
and offices and over 43,000 people in more than 100 countries,
delivers innovative and bespoke Assurance, Testing, Inspection and
Certification solutions for our customers' operations and supply
chains. Intertek Total Quality Assurance expertise, delivered
consistently, with precision, pace and passion, enabling our
customers to power ahead safely.
intertek.com
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END
MSCPGGMGPUPRGBU
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