Vistry Group PLC Notice of GM (8072H)
August 01 2023 - 5:00AM
UK Regulatory
TIDMVTY
RNS Number : 8072H
Vistry Group PLC
01 August 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT
JURISDICTION
1 August 2023
Vistry Group plc
Notice of General Meeting ("General Meeting")
Vistry Group PLC ("Vistry") announces that a Notice of General
Meeting (the "Notice") has today been published and is available on
Vistry's website at www.vistrygroup.co.uk/general-meetings. The
General Meeting will be held at the offices of Linklaters LLP, One
Silk Street, London EC2Y 8HQ on 30 August 2023 at 10.00 a.m.
Background to and purpose of the General Meeting
The purpose of the General Meeting is to propose to Vistry's
shareholders for approval a revised Directors' Remuneration Policy
(the "Revised Policy") and consequential amendments to the Vistry
Group PLC Long Term Incentive Plan 2020 and the Vistry Group
Deferred Bonus Plan 2022 which are necessary in order to be able to
implement the Revised Policy.
At the time of announcing and then publishing the circular to
shareholders in connection with the combination of Vistry with
Countryside Partnerships plc ("Countryside" and the "Combination",
respectively), Vistry noted that, following completion of the
Combination, Vistry intended to review Vistry's existing incentive
arrangements, including the approach to remuneration for its
executive directors and may consider implementing new or revised
incentives and/or a new or revised Directors' Remuneration Policy
in due course. It was noted that Vistry intended to review such
arrangements in consultation with shareholders in the enlarged
group, and any revisions to its approach to remuneration for the
executive directors would be submitted to shareholders for
approval.
Following the successful completion of the Combination in
November 2022, the Board and the Remuneration Committee have
undertaken an in-depth review of the existing Directors'
Remuneration Policy, with a view to ensuring that Vistry develops a
policy that is aligned with its long-term strategy and best serves
Vistry, its shareholders and stakeholders. The result of that
review, as well as consultation with shareholders, is the Revised
Policy (and the consequential amendments referred to above) which
is being submitted to shareholders for approval at the General
Meeting.
A detailed explanation of the background to the Revised Policy,
the changes that are proposed and the rationale for those changes,
as well as further details in relation to the shareholder
consultation process, is set out in a letter from Paul Whetsell,
Chair of the Remuneration Committee, on pages 5 to 8 of the Notice.
The resolutions being proposed to Vistry's shareholders are set out
on page 9 of the Notice.
Action to be taken by Vistry shareholders
Copies of the Notice will be dispatched to shareholders
today.
Vistry shareholders are encouraged to vote on the resolutions
contained in the Notice, but should carefully read the Notice in
its entirety before making any decision. The notes to the Notice on
pages 12 to 15 of the Notice provide an explanation of how to
attend and vote at the General Meeting, including how to appoint a
proxy.
Shareholders who choose to attend the General Meeting in person
should pre-register their intention to attend as soon as
practicable by emailing company.secretary@vistrygroup.co.uk and by
no later than 5.00 p.m. on 29 August 2023.
In accordance with Listing Rule 9.6.1, a copy of the Notice and
related documents (where applicable) will also be submitted to the
National Storage Mechanism, where they will shortly be available
for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Enquiries:
Vistry Group PLC
Tim Lawlor, Chief Financial Officer
Clare Bates, General Counsel & Company Secretary
Susie Bell, Group Investor Relations Director 07469 287335
FTI Consulting
Richard Mountain / Susanne Yule 020 3727 1340
Further information
This announcement is for information purposes only and does not
constitute an offer to sell or an invitation to purchase any
securities or the solicitation of an offer to buy any securities.
This announcement does not constitute a prospectus or prospectus
exempted document. No shares are not being offered to the public by
means of this announcement.
The release, publication or distribution of this announcement in
or into certain jurisdictions other than the United Kingdom may be
restricted by law. Persons who are not resident in the United
Kingdom or who are subject to other jurisdictions should inform
themselves of, and observe, any applicable requirements.
No statement in this announcement is intended as a profit
forecast or estimate for any period and no statement in this
announcement should be interpreted to mean that earnings or
earnings per share for Vistry for the current or future financial
years would necessarily match or exceed the historical published
earnings or earnings per share for Vistry.
Vistry's legal entity identifier is 2138001KOWN7CG9SLK53.
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END
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