PRP.L Regulatory News (PRP)

24 August 2020

Prime People plc

("Prime People" or the "Company")

Notice of Annual General Meeting, Extension of Deadline for Publication of Audited Accounts and Notice of Results

Prime People Plc (AIM: PRP), the global specialist recruitment business for professional and technical staff working in the Real Estate & Built Environment, Energy & Environmental and Technology, Digital & Data Analytics sectors, announces that its Notice of Annual General Meeting ("AGM") has been published and will be available to view on the Company's website shortly at http://prime-people.co.uk/. The AGM will be held on 22 September 2020 at 11.00 a.m. at 2 Harewood Place, London, W1S 1BX.

Given the current circumstances in relation to COVID-19, the Board has made the decision that, for the safety and security of all involved, the AGM will be held as a closed meeting in accordance with the provisions of the Corporate Insolvency and Governance Act 2020. This means that the AGM will be convened with the minimum quorum of shareholders (facilitated by the Company) to conduct the formal business of the AGM. As such, shareholders and their proxies are unable to attend the AGM in person this year. In light of this, shareholders are strongly advised to appoint the Chairman of the meeting as their proxy to ensure that their vote is counted.

Following consultation with the Company's advisers, the Board has concluded that due to the impact of the COVID-19 pandemic, it will require more time to complete the audit process in respect of its accounts for the year ended 31 March 2020. Consequently, and given recent regulatory guidance in relation to the ongoing COVID-19 pandemic, the Group has applied for, and has been granted by AIM Regulation, a two month extension to the timeline for publishing its audited accounts for the year ended 31 March 2020 ("2020 Accounts"), which are now expected to be published in late October 2020. The Group has also been granted an extension by Companies House to file its 2020 Accounts by 31 December 2020 from the previous deadline of 30 September 2020.

Accordingly, the 2020 Accounts will not be presented at the AGM, and the Group intends to call a further General Meeting to present the 2020 Accounts.

The Company expects to announce a pre-close Trading Update for the year ended 31 March 2020 in early September 2020.

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