UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 185
SHAREHOLDER INFORMATION
The Company may, subject to the
Companies Acts and the Articles, purchase
any of its shares and may either cancel or
hold in treasury any shares so purchased,
and may re-issue any such treasury shares
on such terms and conditions as may be
determined by the directors. The Company
shall not make market purchases of its own
shares unless such purchases have been
authorised by a special resolution passed by
the members of the Company at a general
meeting. At the Annual General Meeting
held on 30 April 2021, shareholders passed
a resolution giving the Company, or any of
its subsidiaries, the authority to purchase
up to 10% of the Company’s issued ordinary
shares. At the Annual General Meeting to
be held on 29 April 2022, shareholders are
being asked to renew this authority.
Miscellaneous
There are no agreements between
shareholders that are known to the
Company which may result in restrictions
on the transfer of securities or voting rights.
Certain of the Group’s banking facilities
include provisions that, in the event of a
change of control of the Company, could
oblige early prepayment of the facilities.
Certain of the Company’s joint venture
arrangements also contain provisions that
would allow the counterparty to terminate
the agreement in the event of a change of
control of the Company. The Company’s
Performance Share Plan contains change
of control provisions which allow for the
acceleration of the exercise of share
options/awards in the event of a change of
control of the Company.
There are no agreements between the
Company and its directors or employees
providing for compensation for loss of
office or employment (whether through
resignation, purported redundancy
or otherwise) that occurs because of
a takeover bid.
Kingspan Group plc Annual Report & Financial Statements 2021
Financial Statements
