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    FSTA   GB00B1YPC344

FULLER, SMITH & TURNER P.L.C.

(FSTA)
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Fuller, Smith & Turner PLC: Results of Consent Solicitation

06/08/2021 | 01:26pm EDT
Fuller, Smith & Turner PLC (FSTA) 
Fuller, Smith & Turner PLC: Results of Consent Solicitation 
08-Jun-2021 / 18:24 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 
(MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/ 
2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("EUWA"). 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION 
WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. NOTHING IN THIS ANNOUNCEMENT CONSTITUTES OR 
CONTEMPLATES AN OFFER OF, AN OFFER TO PURCHASE OR THE SOLICITATION OF AN OFFER TO SELL SECURITIES IN THE UNITED STATES 
OR ANY OTHER JURISDICTION. 
FULLER, SMITH & TURNER PLC ANNOUNCES RESULTS OF CONSENT SOLICITATION 
 
8 June 2021 
Overview 
Fuller, Smith & Turner PLC (the Company) announced on 14 May 2021 a consent solicitation (the Consent Solicitation) in 
respect of the GBP6,000,000 10.70 per cent. First Mortgage Debenture Stock due 2023 (the 2023 Stock) and the GBP20,000,000 
6.875 per cent. Debenture Stock due 2028 (the 2028 Stock, and together with the 2023 Stock, the Stock). 
The Consent Solicitation was launched in order to seek the approval of the holders of the Stock (the Stockholders) (by 
way of Extraordinary Resolutions) to waivers and an amendment in respect of the Trust Deeds to which the Company is a 
party, as described further in the announcement of the Company dated 14 May 2021, the Solicitation Memoranda dated 14 
May 2021 (the Solicitation Memoranda) and the announcement of the Company dated 3 June 2021 (the Consent Fee 
Announcement). The meetings of the holders under each of the 2023 Stock (the 2023 Meeting) and the 2028 Stock (the 2028 
Meeting and, together with the 2023 Meeting, the Meetings) were held on 8 June 2021 in connection with the Consent 
Solicitation, and the Company now announces the results of the Meetings. 
Capitalised terms used in this announcement (the Announcement) and not defined herein shall have the meanings ascribed 
to them in the Solicitation Memoranda. 
Results of Meetings 
The Meetings were held on 8 June 2021 and notice is hereby given to the Stockholders that, at the Meetings, the 
Extraordinary Resolutions were duly passed, and accordingly the First Supplemental Trust Deed in respect of each of the 
2023 Stock and 2028 Stock will be executed on or about the date of this announcement. 
The Stockholder which was represented at the 2023 Meeting held 100 per cent. of the nominal amount of the Stock for the 
time being outstanding and the Extraordinary Resolution was passed by a majority consisting of 100 per cent. of the 
votes cast on a poll. 
The Stockholders which were represented at the 2028 Meeting held 76.53 per cent. of the nominal amount of the Stock for 
the time being outstanding and the Extraordinary Resolution was passed by a majority consisting of 100 per cent. of the 
votes cast on a poll. 
Consent Fee 
On the date of the execution of the First Supplemental Trust Deeds, the Company will pay to the Trustee (for the 
account of all Eligible Stockholders) the Consent Fee (as defined in the Consent Fee Announcement). 
For Further Information: 
Further details on the Consent Solicitation, the contents of this Announcement and copies of the Solicitation Memoranda 
can be obtained from: 
The Registrar 
Computershare Investor Services PLC 
The Pavilions 
Bridgwater Road 
Bristol BS99 6ZZ 
+44 (0370) 889 4096 
Solicitation Restrictions 
This Announcement does not constitute an invitation to participate in the Consent Solicitation in any jurisdiction in 
which, or to any person to whom, it is unlawful to make such invitation or for there to be such participation under 
applicable securities laws. The distribution of this Announcement in certain jurisdictions may be restricted by law. 
Persons into whose possession this Announcement comes are required by each of the Company, the Group, the Registrar and 
the Trustee to inform themselves about, and to observe, any such restrictions. 
United States 
This Announcement is not an offer of securities for sale in the United States or to, or for the account or benefit of, 
any U.S. person. Securities may not be offered or sold in the United States absent registration or an exemption from 
registration. The Stock have not been and will not be registered under the Securities Act, or the laws of any state or 
other jurisdiction of the United States, and may not be offered or sold in the United States or to, or for the account 
or benefit of, U.S. persons, unless an exemption from the registration requirements of the Securities Act is available. 
General 
Nothing in this Announcement constitutes or contemplates an offer of, an offer to purchase or the solicitation of an 
offer to sell any security in any jurisdiction. 
A complete description of the terms and conditions of the Consent Solicitation is set out in the relevant Solicitation 
Memoranda. 
Disclaimer 
This Announcement must be read in conjunction with the Solicitation Memoranda. The Solicitation Memoranda contain 
important information which should be read carefully before any decision is made with respect to the Consent 
Solicitation and the Proposals. If any Stockholder is in any doubt as to the action it should take, it is recommended 
to seek its own financial, legal and investment advice, including as to any tax consequences, from its stockbroker, 
bank manager, solicitor, accountant, independent financial adviser authorised under the Financial Services and Markets 
Act 2000 (the "FSMA") (if in the United Kingdom) or other appropriately authorised independent professional adviser. 
Neither the Trustee nor the Registrar accepts any responsibility for the contents of this Announcement. For the 
purposes of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the EUWA and 
Article 2 of Commission Implementing Regulation (EU) 2016/1055 (as amended by the FCA pursuant to Technical Standards 
(Market Abuse Regulation) (EU Exit) Instrument 2019), this Announcement is made by Adam Councell, Director of Fuller, 
Smith & Turner PLC. 
=---------------------------------------------------------------------------------------------------------------------- 
ISIN:           GB00B1YPC344 
Category Code:  ROM 
TIDM:           FSTA 
LEI Code:       213800C7ACOFMRCQQW76 
OAM Categories: 2.1. Home Member State 
Sequence No.:   110085 
EQS News ID:    1205752 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1205752&application_name=news 
 

(END) Dow Jones Newswires

June 08, 2021 13:25 ET (17:25 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
COMPUTERSHARE LIMITED 0.95% 15.97 End-of-day quote.9.46%
DJ INDUSTRIAL 0.80% 35116.4 Delayed Quote.14.14%
FULLER, SMITH & TURNER P.L.C. 0.37% 825 Delayed Quote.17.86%
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Financials
Sales 2021 70,4 M 98,1 M 98,1 M
Net income 2021 -49,4 M -68,8 M -68,8 M
Net Debt 2021 287 M 400 M 400 M
P/E ratio 2021 -9,55x
Yield 2021 -
Capitalization 504 M 701 M 703 M
EV / Sales 2021 11,2x
EV / Sales 2022 2,61x
Nbr of Employees 5 082
Free-Float 23,2%
Chart FULLER, SMITH & TURNER P.L.C.
Duration : Period :
Fuller, Smith & Turner P.L.C. Technical Analysis Chart | FSTA | GB00B1YPC344 | MarketScreener
Technical analysis trends FULLER, SMITH & TURNER P.L.C.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 825,00 GBX
Average target price 951,67 GBX
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
Simon Emeny Chief Executive Director & Executive Director
Anthony G. Fuller President
Adam Thomas Councell Director & Finance Director
Michael John Turner Non-Executive Chairman
Juliette Natasha Stacey Senior Independent Non-Executive Director
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