RMG.L Regulatory News (RMG)

Publication of Annual Report and Financial Statements 2019-20 and 2020 Notice of Annual General Meeting

Following the release by Royal Mail plc (the Company) on 25 June 2020 of the Company's Financial Report for the Full Year Ended 29 March 2020 announcement, the Company announces that it has today published its Annual Report and Financial Statements 2019-20 (Annual Report 2019-20) on Royal Mail's website: https://www.royalmailgroup.com/investors/annual-reports/

The 2020 Annual General Meeting (AGM) will be held on Tuesday 8 September 2020 at 13.00 at the Company's registered office, 3rd floor, 100 Victoria Embankment, London EC4Y 0HQ. The 2020 Notice of AGM has also been published and is now available via Royal Mail's website: https://www.royalmailgroup.com/investors/annual-general-meetings/ 

Due to the social distancing measures in place in relation to COVID-19, shareholders will regrettably not be able to attend the AGM in person. Instead, we strongly encourage shareholders to either vote in advance electronically or submit the Form of Proxy appointing the Chairman of the Meeting as their Proxy. We believe this approach is necessary and appropriate in light of the current UK Government measures and to protect the health and wellbeing of our shareholders, employees and the wider communities in which we operate.

We are committed to constructive engagement with all of our shareholders. We recognise the AGM is a key forum for our shareholders to meet with Board members and be heard. As our shareholders will not be able to attend the AGM this year, we intend to publish a pre-recorded, virtual shareholder event on www.royalmailgroup.com on 8 September at 15:00, following the formal business of the AGM.

If you have any questions for the Board on the business of the meeting, you can send them in advance of the AGM to shareholderquestions@royalmail.com. Questions should be submitted by 13.00 on Friday 4 September 2020 and we will ensure, to the extent practicable, that the answers are responded to in the pre-recorded virtual shareholder event. Where this is not possible, responses to questions of common interest will also be made available on our website at www.royalmailgroup.com as soon as practicable following the meeting.

In accordance with Listing Rule 9.6.1, copies of the Annual Report 2019-20, Notice of AGM and Proxy Form have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism The Company also announces that it will provide shareholders, by their chosen communication means, the above documents.

Disclosures required in accordance with DTR 6.3.5

Information on important events that have occurred during the financial year and their impact on the Annual Report 2019-20 were included in the Financial Report for the Full Year Ended 29 March 2020 announcement released on 25 June 2020. This, together with the following information, which is extracted from the Financial report for the full year ended 29 March 2020 (Financial Report) and the Annual Report 2019-20, constitutes the information required by DTR 6.3.5 to be communicated in full, unedited text through a regulatory information service. This information is not a substitute for reading the full Annual Report 2019-20. Any page or note references in the text below refer to those in the Annual Report 2019-20.

For further information, please contact:

Company Secretariat:

Mark Amsden

Phone: 020 7449 8289

Email: cosec@royalmail.com

Investor Relations:

John Crosse

Phone: 020 7449 8183

Email: investorrelations@royalmail.com 

Media Relations:

Beth Longcroft

Phone: 07435 768 549

Email: beth.longcroft@royalmail.com 

RELATED PARTY INFORMATION

This Note provides details of amounts owed to and from related parties, which include the Group's defined benefit pension plans (RMPP and RMSEPP), the Group's associate companies, and payments to key management personnel. Details of the Group's principal subsidiaries and associates are also provided.

Related party transactions

During the reporting year the Group entered into transactions with related parties as follows:

1 In December 2018 Royal Mail Group Ltd, a subsidiary of Royal Mail plc, agreed to a loan of £7,750,000 being made from the RMSEPP escrow to the Trustees of that Pension Plan. This facilitated completion of the purchase of an insurance policy settlement. This loan was unsecured and was repaid with the proceeds from the sale of Plan investments, as they were received by the Trustees. The loan was fully repaid during the reporting year.

Balances outstanding at the reporting year end are unsecured, interest free and settlement is made by cash.

Key management for the Year Ended 29 March 2020 are considered to be the Executive and Non-Executive Directors of Royal Mail plc, all other members of the Executive Board and the remainder of the Persons Discharging Managerial Responsibilities.

The ultimate parent and principal subsidiaries

Royal Mail plc is the ultimate Parent Company of the Group. The consolidated financial statements include the financial results of Royal Mail Group Limited and the other principal subsidiaries listed below. The reporting year end for these entities is 29 March 2020 unless otherwise indicated.

2 GLS' reporting year end date is 31 March each year. No adjustment is made in the financial statements in this regard on the basis that, irrespective of the Group's reporting year end date (last Sunday in March) a full year of GLS results is consolidated into the Group.

The Company has complied with section 410 of the Companies Act 2006 by including, in the financial statements, a schedule of interests in all undertakings (see Note 31).