1 Apr 2016 10:48
01 April 2016
Lakehouse plc
Response to Requisitionists
The board of Lakehouse notes the statement lodged by the Requisitionists this morning and will respond in more detail on Monday 4th April, 2016.
While the board is considering the Requisitionists' statement, it notes the reference to private noises made by Slater Investments. As you know, the Board announced its intention to seek a fourth independent Non-Executive Director.
The Board, reflecting on the views expressed by some Lakehouse Shareholders, did meet with Slater Investments on Tuesday 22 March 2016 to discuss the possibility of appointing a fourth Non-Executive Director. Your Board considered this action sensible and appropriate in order to avoid further adverse disruption, and unnecessary cost, that the Company has now suffered.
The Lakehouse Board urges all shareholders to vote against the resolutions put forward by the Requisitionists.
Ends
For more information please contact:
Lakehouse |
Stuart Black, CEO |
Jeremy Simpson, CFO |
Simon Howell, Company Secretary |
Telephone: 01708 758 800 |
Peel Hunt |
Justin Jones |
Mike Bell |
Telephone: 020 7418 8900 |
Camarco |
Ginny Pulbrook |
Ed Gascoigne-Pees |
Telephone: 020 3757 4984 |
Notes to editors
Lakehouse plc is an asset and energy support services group that constructs, improves, maintains and provides services to homes, schools, public and commercial buildings with a focus on the UK public sector and regulated markets. The Group was founded in 1988 and is headquartered in Romford, Essex. It employs more than 2,400 staff from 35 offices throughout the UK.
We deliver services through four divisions:
· Regeneration, which provides planned refurbishment, repair and maintenance and a growing responsive maintenance offering, for social housing providers
· Compliance, which delivers a range of regulated and legislated services, primarily to local authority and housing association clients
· Energy Services, which provides domestic insulation, energy efficiency products and advice, primarily for social housing landlords, five of the "Big Six" energy utility companies and the key independent energy companies
· Construction, which delivers extension, refurbishment, rationalisation and new build works, primarily in the education market and with a particular focus on schools
Definitions
The following definitions apply throughout this document unless the context otherwise requires:
"Company" or "Lakehouse"
| Lakehouse plc, registered in England and Wales with registered number 9411297 |
"Requisitionists" | Slater Investments Limited and Steve Rawlings and "Requisitionist" shall be construed accordingly
|
"Resolutions" | the ordinary resolutions to be proposed at the General Meeting (and set out in the Notice contained in the Circular): · to remove the three Existing Non-Executive Directors of the Company, being Chris Geoghegan, Jill Ainscough and Johnathan Ford; · to replace them with the three Alternative Non-Executive Directors, being Steve Rawlings, Ric Piper and Robert Legget; and · to remove from office any person appointed by the Directors of the Company as an additional Director pursuant to the Company's Articles of Association between the date of the requistion and the conclusion of the General Meeting |