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Breedon Group PLC   -  BREE   

Posting of Circular & Notice of EGM

Released 15:48 21-Aug-2019

RNS Number : 8278J
Breedon Group PLC
21 August 2019




News release


21 August 2019



Breedon Group plc

("Breedon" or "the Group")


Posting of Circular and Notice of EGM


Breedon Group plc, a leading construction materials group in Great Britain and Ireland, announces that a circular (the "Circular") and notice of Extraordinary General Meeting have been posted to shareholders in connection with a proposed amendment to the Group's Articles of Association.


The Board intends to move the tax domicile of the Group from Jersey to the United Kingdom with effect from 1 September 2019. The Board believes that the Group gains little benefit from being tax domiciled in Jersey, and bringing the Company's tax residency onshore should be more efficient and beneficial from a management perspective. The Company will, however, remain incorporated in Jersey with its registered office remaining at 28 Esplanade, St Helier, Jersey JE2 3QA.


As a result of the proposed move, the Group will no longer be required from a tax perspective to make its corporate decisions in Jersey and the Group is therefore proposing to amend its Articles of Association to reflect this, with effect from the passing of the proposed resolution. The resolution to amend the Group's Articles of Association will be proposed as a Special Resolution, requiring at least two thirds of the votes cast to be in favour for the resolution to be passed.


The Extraordinary General Meeting will take place at the offices of Travers Smith LLP, 10 Snow Hill, London EC1A 2AL on Monday, 9 September 2019 at 11.30 a.m. The Circular and Notice of EGM are available to be viewed on, or downloaded from, the Group's corporate website at



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Breedon Group plc


Tel: 01332 694010

Pat Ward, Group Chief Executive

Rob Wood, Group Finance Director

Stephen Jacobs, Head of Communications

Tel: 07831 764592

Cenkos Securities plc (Nomad and joint broker)

Max Hartley

Tel: 020 7397 8900


Numis Securities (Joint broker)

Heraclis Economides/Ben Stoop

Tel: 020 7260 1000



Note to Editors


Breedon Group plc is a leading construction materials group in Great Britain and Ireland. It operates two cement plants and an extensive network of quarries, asphalt plants and ready-mixed concrete plants, together with slate production, concrete and clay products manufacturing, contract surfacing and highway maintenance operations. The Group employs nearly 3,000 people and has nearly 900 million tonnes of mineral reserves and resources.





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Posting of Circular & Notice of EGM - RNS