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LONDON - Marlowe plc, a company specializing in compliance services across various sectors, has announced a forthcoming general meeting to seek shareholder approval for an additional authority to purchase its own ordinary shares. This move is aimed at concluding an existing £75 million share buyback program initiated on May 22, 2024, and to provide the company with greater flexibility in future capital allocation.
The general meeting is scheduled to take place at 20 Grosvenor Place, London, at 10:00 a.m. on February 20, 2025. Shareholders will vote on a special resolution granting the company the authority to make market purchases of its own shares.
Marlowe operates in the field of business-critical services, ensuring that clients adhere to regulations and insurance requirements in areas such as Fire Safety & Security and Water & Air Hygiene. With a national presence, the company caters to around 27,000 customers, including SMEs, local authorities, facilities management providers, multi-site NHS trusts, and FTSE 100 companies.
The Group has made the circular regarding the general meeting available on its website for shareholders and interested parties. The company’s leadership, including Lord Ashcroft, the Interim Non-Executive Chair, and Adam Councell, the Chief Financial Officer, are expected to be present at the meeting.
This announcement, disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG), is based on a press release statement and does not include any form of endorsement or subjective judgment. The information is intended to provide shareholders and the market with transparent updates on the company’s strategic decisions regarding share buybacks and capital management.
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