27 May 2020 07:00
27 May 2020
LAMPRELL PLC("Lamprell" or the "Company", and with its subsidiaries the "Group")
NOTICE OF AGM 2020
2019 ANNUAL REPORT AND ACCOUNTS
Following Lamprell's announcement of its financial results issued on 13 May 2020, the Company today announces that the 2020 Notice of Annual General Meeting ("AGM") and 2019 Annual Report and Accounts will be mailed or otherwise made available to shareholders today.
The Annual Report and Accounts for 2019 and the Notice of the 2020 AGM are also available for download from the Company's website at www.lamprell.com. In accordance with Listing Rule 9.6 of the UK Financial Conduct Authority, a copy of the 2020 AGM Notice has also been submitted to the UK Listing Authority and will shortly be submitted to the National Storage Mechanism and available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The AGM will be held at the corporate offices of Lamprell Energy Limited, Hamriyah Freezone, Sharjah, United Arab Emirates on Thursday, 25 June 2020 at 6:00 p.m. (UAE time). However, in light of the evolving COVID-19 situation, the Board strongly urges shareholders to follow the applicable governmental public health instructions in respect of the evolving situation regarding the virus and the measures announced in respect of social distancing, public gatherings and non-essential travel. Please note that the Company intends to refuse entry to shareholders who do attempt to attend the meeting in order to comply with those public health instructions and applicable regulations.
The health of the Company's shareholders, as well as its officers and employees is of paramount importance. It is expected that the Company's attendance in person at the meeting will be limited to satisfy the requirements of a quorum. The AGM will end immediately following the formal business required and there will be no corporate presentation, shareholder questions and answers, or refreshments. Unlike previous years, and in order to reduce the Company's environmental impact, shareholders will be asked to appoint a proxy electronically or may request a hard copy form of proxy directly from the Company's registrar, Link Asset Services. Details of how to appoint a proxy or request a form are set out in the Notice of 2020 AGM. As voting on all resolutions at the AGM will be on a poll, this will ensure that all votes of shareholders will be counted, whether or not shareholders are able to attend the AGM. On a poll, each shareholder has one vote for every share held. The results of the poll will be announced shortly after the AGM, via the Regulatory News Service ("RNS") and published on the Company's website at www.lamprell.com.
In the event that further disruption to the AGM becomes unavoidable, we will announce any changes to the meeting (such as timing or venue) as soon as practicably possible through the Company's website.
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Notes to editors
Lamprell, based in the United Arab Emirates ("UAE") and with over 40 years' experience, is a leading provider of fabrication, engineering and contracting services to the offshore and onshore oil & gas and renewable energy industries. The Group has established leading market positions in the fabrication of shallow-water drilling jackup rigs, liftboats, land rigs, and rig refurbishment projects, and it also has an international reputation for building complex offshore and onshore process modules and fixed platforms.
Lamprell employs more than 4,000 people across multiple facilities, with its primary facilities located in Hamriyah, in the UAE. Combined, the Group's facilities cover approximately 800,000m2 with over 1.5 km of quayside. In addition, the Group has facilities in Saudi Arabia (through a joint venture agreement).
Lamprell is listed on the London Stock Exchange (symbol "LAM").