De La Rue plc (LSE: DLAR) ("De La Rue", the "Group" or the "Company") confirms that it has received a request from Crystal Amber Fund Limited ("Crystal Amber") for the Company's Chairman, Kevin Loosemore to resign with immediate effect.
The Board has engaged with Crystal Amber on a number of occasions to understand its concerns and so is disappointed that it has chosen to pursue this course of action, particularly in light of the overwhelming support (97.8%) received from shareholders for the re-election to the Board of Kevin Loosemore at the Company's Annual General Meeting held earlier this year on 27 July 2022.
The Company, led by CEO Clive Vacher, continues to execute its strategy and will provide an update on progress made at the time of its interim results due to be announced on 23 November 2022.
The Company will shortly be sending out a notice to its shareholders convening a general meeting to be held on Friday 2 December 2022, where the Company will put to shareholders whether Mr Loosemore should continue as Chairman.
De La Rue plc's LEI code is 213800DH741LZWIJXP78.
De La Rue plc
+44 (0)7990 337707
Clive Vacher, Chief Executive Officer
Rob Harding, Chief Financial Officer
Louise Rich, Head of Investor Relations