DRS Data & Research Services PLC Requisition Notice (5563X)

TIDMDRS

RNS Number : 5563X

DRS Data & Research Services PLC

06 May 2016

DRS Data and Research Services plc

(the "Company" or "DRS") (LSE: DRS)

Requisition of resolutions to be voted on at the 2016 Annual General Meeting ("AGM")

DRS announces that on 6 May 2016 the Company received a requisition from Malcolm Brighton, who holds approximately 21.66% of the Company's issued ordinary share capital, (the "Requisitioner") for DRS to put two resolutions to shareholders of the Company at the forthcoming 2016 AGM.

These resolutions are to:-

   1)    appoint Gary Brighton as a director of the Company with immediate effect; and 

2) require the Board of Directors of the Company to implement, in the interests of achieving appropriate cost savings, a review as to the possibility of a transfer of the listing of the issued shares of the Company from the premium segment of the main market to the AIM market of the London Stock Exchange, report to shareholders on its conclusions within two months, and if the Board having considered the move to AIM decides that it would be in the best interests of the Company to do so and, subject to obtaining the necessary shareholder, FCA and London Stock Exchange approvals, take all such steps as may be required to achieve such a transfer.

Shareholders are advised to take no further action at this time. The Company will shortly be distributing its notice of AGM and the Company will separately distribute a circular containing the above resolutions and the supporting statement received from the Requisitioner in relation to the above resolutions.

Enquiries to:

John Richardson

Company Secretary

Tel: [phone]

[e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

May 06, 2016 10:22 ET (14:22 GMT)