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    WIX   GB00BL6C2002


Delayed Quote. Delayed London Stock Exchange - 12/03 11:36:02 am
238.4 GBX   +10.88%
12/03London's FTSE 100 down as miners weigh; Wickes group soars
12/03Wickes Lifts FY21 Guidance on Strong Q4 Performance; Shares Jump 11%
12/03London Shares Rise in Early Trade; Oil Stocks Gain
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

WICKES GROUP PLC : Update on Response to Voting Outcome

10/26/2021 | 02:16am EST

WICKES GROUP PLC (WIX) WICKES GROUP PLC: Update on Response to Voting Outcome 26-Oct-2021 / 07:15 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.


Wickes Group PLC

(the 'Company')

Update on Response to Voting Outcome

At the General Meeting of Travis Perkins plc ("Travis Perkins") held on 27 April 2021, 3 resolutions were put to shareholders of Travis Perkins in relation to the proposed demerger of Wickes Group plc ("Wickes"). In response to the voting outcome on Resolution 3, approval of Wickes share plans, Wickes is providing an update to the statement made by Travis Perkins after the vote.

The Wickes Board was naturally disappointed with the overall voting outcome of 55.27% in favour of the resolution to approve Wickes share plans. In addition to engaging with shareholders ahead of the vote, the Chair of the Wickes Group plc Remuneration Committee invited a number of the Company's larger shareholders (representing around 60% of the Company's shares) to engage with him after the vote to fully understand their concerns. These engagements provided a helpful opportunity to clarify the proposals with shareholders including the proposals in relation to the transitional awards and associated performance hurdles.

The Remuneration Committee would like to thank shareholders that took part in the engagement process and values the feedback and insights it has gained. In line with best practice, it remains committed to engaging proactively with shareholders and advisory bodies on remuneration matters and the Chair of the Remuneration Committee is currently consulting with shareholders on the Company's Remuneration Policy which will be put to a binding vote at the Company's first AGM in 2022.

A further update on this matter will be included in the Wickes Group plc 2021 Annual Report.

For further information please contact:

Marianne Phillips

Assistant Company Secretary

Tel: (44) 7552 211056


ISIN:           GB00BL6C2002 
Category Code:  MSCL 
TIDM:           WIX 
LEI Code:       213800IEX9ZXJRAOL133 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   125154 
EQS News ID:    1243350 
End of Announcement  EQS News Service 

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1243350&application_name=news

(END) Dow Jones Newswires

October 26, 2021 02:15 ET (06:15 GMT)

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Analyst Recommendations on WICKES GROUP PLC
More recommendations
Sales 2021 1 541 M 2 038 M 2 038 M
Net income 2021 39,1 M 51,8 M 51,8 M
Net Debt 2021 601 M 795 M 795 M
P/E ratio 2021 15,4x
Yield 2021 3,04%
Capitalization 621 M 821 M 822 M
EV / Sales 2021 0,79x
EV / Sales 2022 0,75x
Nbr of Employees 7 981
Free-Float 96,9%
Duration : Period :
Wickes Group plc Technical Analysis Chart | WIX | GB00BL6C2002 | MarketScreener
Technical analysis trends WICKES GROUP PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 6
Last Close Price 239,20 GBX
Average target price 340,67 GBX
Spread / Average Target 42,4%
EPS Revisions
Managers and Directors
Christopher Charles Bevan Rogers Chairman
Mark Sydney Clare Senior Independent Non-Executive Director
Sonita Charlene Alleyne Director
Michael James Iddon Non-Executive Director
Julie Ann Wirth Director
Sector and Competitors