The following is a Company Announcement issued by Simonds Farsons Cisk plc (the “Company”) pursuant to Chapter 5 of the Capital Markets Rules as issued by the MFSA in accordance with the provisions of the Financial Markets Act (Chapter 345 of the Laws of Malta) as they may be amended from time to time.

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The Company announces that it held its 77th Annual General Meeting on 27th June 2024 at Trident Park, Notabile Gardens, Mdina Road, Zone 2, Central Business District, Birkirkara.

The following resolutions were considered and approved by the shareholders:

Ordinary Business – Ordinary Resolutions

1.            Financial Statements and Directors’ and Auditors’ Reports

To approve the Annual Report of the Company comprising the Financial Statements for the year ending 31st January 2024 and the reports of the Directors and the Auditors thereon.

2.            Appointment of Auditors

To appoint Deloitte Audit Limited of Deloitte Place, Triq l-Intornjatur, Zone 3, Central Business District, Birkirkara CBD 3050, Malta as auditors and to authorise the Board of Directors to establish their remuneration.

3.            Dividend

To approve a final net dividend €0.11 per ordinary share of €0.30, representing a final net dividend of €3,960,000 to be paid to the shareholders of the Company registered on its Register of Members as at close of trading on 5 June 2024.

(The approved dividend will be paid to shareholders on 28th June 2024).

Special Business – Ordinary Resolution

4.            Remuneration Policy

To approve the Remuneration Policy of the Company as explained in the Circular to Shareholders dated 4 June 2024.

Special Business – Advisory Vote

5.            Remuneration Report

To approve the Remuneration Report of the Company for the year ended 31st January 2024.

Appointment of Directors

In view that only two nominations were received in respect of the two posts which were vacated at the conclusion of the 77th Annual General Meeting, there was no need for an election to be held, and Mr Roderick Chalmers and Dr Max Ganado were automatically elected as Directors of the Company with effect from the conclusion of the 77th Annual General Meeting.

The composition of the Board shall remain unchanged, in that Mr Michael Farrugia, who retired in terms of Article 98 of the Articles of Association of the Company, was reconfirmed in his post. 

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By Order of the Board

Nadine Magro
Company Secretary