PIRI.L Regulatory News (PIRI)

Pires Investments plc ("Pires" or the "Company")

Shareholder Requisition Notice

Further to the announcement on 20 February 2019, the Company announces full details of the requisition notice received by the Company.

The Company confirms that it received a letter from Global Prime Partners Limited on 18 February 2019 who hold in excess of 5 per cent. of the issued share capital of the Company, requiring that the Company convene, as soon as reasonably practicable, a general meeting, at which resolutions will be proposed to remove Peter Redmond and John May as directors of the Company and appoint Robert Jones and Roderick Murray as directors of the Company.

The letter is a requisition by the named shareholder under section 303 of the Companies Act 2006.

The Company is mindful that, pursuant to section 304 of the Companies Act 2006, the Company must post a notice convening a general meeting within 21 days from the date on which the requisition was received, and this meeting must be held on a date not more than 28 days after the date of the notice to shareholders convening the general meeting.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

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