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Ricardo EGM – ISS Recommendation

2nd Jun 2025 07:01

RNS Number : 9012K
Science Group PLC
02 June 2025
 

 

2 June 2025

 

 

Ricardo General Meeting

ISS Recommends Voting "FOR" the Resolution to Remove the Ricardo Chairman

 

 

The Ricardo plc General Meeting is scheduled for 18 June 2025 to consider a single resolution. Science Group understands that the voting recommendation of ISS, the independent proxy agency, is to remove the Ricardo Chairman.

 

ISS recommends Ricardo shareholders to vote "FOR" the resolution

to remove Mr Mark Clare as a director and Chairman.

 

Science Group understands that (1) the ISS recommendation is based on the persistent poor performance of Ricardo and the implementation of a strategy that has not reduced the relative underperformance compared to its peer group, and (2) ISS confirms that Science Group has raised valid concerns about Ricardo's performance.

 

Science Group encourages all Ricardo shareholders

to vote "FOR" the resolution.

 

 

- Ends -

 

 

For further information:

Science Group plc

Martyn Ratcliffe, Executive Chair

Tel: +44 (0) 1223 875 200

Jon Brett, Finance Director

www.sciencegroup.com  

Canaccord Genuity Limited (Nominated Adviser and Joint Broker)

Simon Bridges, Andrew Potts

Tel: +44 (0) 20 7523 8000

MHP

Reg Hoare

Tel: +44 (0) 7831 406117

 

[email protected]

 

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