15 July 2022
Further to the announcement on 24 June 2022 by Essentra plc ("Essentra" or the "Company") regarding the proposed disposal of ESNT Packaging & Securing Solutions Limited and Essentra Packaging US Inc and their respective subsidiary companies to the Mayr-Melnhof Group (the “Disposal”), the Company is pleased to announce that a shareholder circular relating to the Disposal (the "Circular") has been approved by the Financial Conduct Authority and has been published.
The Circular contains further details on the Disposal and, since the Disposal is conditional upon (amongst other things) the approval of the Company’s shareholders, also contains a notice convening a general meeting (“General Meeting”) of the Company which is to be held at Oriental Club, Stratford House, Stratford Place, London W1C 1ES on 8 August 2022 at 12.30pm at which an ordinary resolution will be proposed to the Company’s shareholders to approve the Disposal (the “Resolution”).
The Board considers the Disposal (and the Resolution necessary to implement the Disposal) to be in the best interests of the Company and its shareholders as a whole and unanimously recommends that shareholders vote in favour of the Resolution at the General Meeting.
Shareholders will shortly be sent a copy of the Circular or an electronic notification in relation to the same, as relevant. The Circular will be made available on the Company's website, www.essentraplc.com, and will be submitted to the National Storage Mechanism, where it will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.