The Company made an announcement on Wednesday 15 April 2020 (see regulatory news) setting out the proposed disposal of The Big Green Parcel Holding Company Limited and its subsidiaries, including Tuffnells Parcels Express Limited which principally trades as ‘Tuffnells’. Due to the size of the proposed disposal relative to the size of the Company, the transaction constituted a Class 1 transaction pursuant to the Listing Rules. Accordingly, the proposed disposal was conditional upon the approval of shareholders in order to proceed. For the purposes of seeking such approval, a notice convening a General Meeting (on 1 May 2020) and the documentation in support of shareholders taking any such action is set out here.
The result of the General Meeting was announced on Friday 1 May 2020 (see regulatory news).