20 Jun 2022 15:56
20 June 2022
TRIAN INVESTORS 1 LIMITEDReceipt of Requisition Notice
The board of directors (the "Board") of Trian Investors 1 Limited (the "Company") confirm they have received a request dated 20 June 2022, seeking to requisition an Extraordinary General Meeting of the Company, to consider reconstituting the Board by removing three of the four current directors, being Chris Sherwell, Simon Holden and Anita Rival and nominating two new directors, Robert Legget and Miles Staude to replace the outgoing three directors (the "Requisition").
The Requisition was signed by The Bank of New York (Nominees) Limited UKREITs, Harewood Nominees Limited, Securities Services Nominees Limited, Pelham Capital Limited and Global Value Fund Limited, being holders of registered legal title to, in aggregate, more than 10% of such of the capital of the Company as carries the right of voting (excluding any capital held as treasury shares). The Board understands that these registered holders represent Global Value Fund, Invesco, Janus Henderson Investors UK Limited and Pelham Capital.
The Board believes that it has consistently acted responsibly, upholding the standards expected under the UK Code of Corporate Governance and has effectively discharged its fiduciary duties.
The Board is in the process of reviewing the content and legality of the request with its advisers and a further announcement will be made in due course. The Board welcomes input and views from all stakeholders.
LEI: 213800UQPHIQI5SPNG39
For further information, please contact:
Numis Securities Limited
(Joint corporate broker)
+44 (0)20 7260 1000
David Benda
Nathan Brown
Vicki Paine
Jefferies International Limited
(Joint corporate broker)
+44 (0)20 7029 8000
Stuart Klein
Ocorian Administration (Guernsey) Limited(Administrator and Company Secretary)+44 (0)1481 742 742Chezi Hanford