Headlam Group PLC Annual Report and Accounts and Notice of AGM (6362I)

TIDMHEAD

RNS Number : 6362I

Headlam Group PLC

02 April 2020

2 April 2020

Headlam Group plc

('Headlam' or the 'Company')

Annual Report and Accounts

and Notice of Annual General Meeting

Headlam Group plc (LSE: HEAD), Europe's leading floorcoverings distributor , announces that, further to its final results announcement on 5 March 2020, it has today published its Annual Report and Accounts for the year ended 31 December 2019 ('Annual Report').

The Annual Report and a separate Notice of Annual General Meeting ('Notice') have been posted to those shareholders who have requested a printed copy and are available on the Company's website www.headlam.com . In accordance with Listing Rule 9.6.1, a copy of each document has been submitted to the National Storage Mechanism and will shortly be available to view at www.morningstar.co.uk/uk/NSM .

The Company will hold its Annual General Meeting ('AGM') at 10.00 am on Friday, 22 May 2020 at its head office at Gorsey Lane, Coleshill, Birmingham B46 1JU. In-line with the UK Government's current guidance and measures to help reduce the spread of COVID-19, shareholders are encouraged to vote by proxy and not attend the AGM in person. Should the UK Government's Stay at Home Measures prohibiting public gatherings of more than two people remain in force at the date of the AGM, shareholders will not be allowed to attend the AGM in person and anyone seeking to attend will be refused entry.

Shareholders should continue to monitor the Company's website and regulatory information service announcements for any updates in relation to the AGM due to the impact of COVID-19 and the UK Government's guidance and measures.

The Company has made arrangements to allow shareholders to submit questions by email in advance of the AGM, and written answers in respect of frequently asked questions will be posted on the Company's website after the conclusion of the AGM. Further details are given in the Notice.

Alteration to detail in the Annual Report following a COVID-19 Trading Update

Since the approval and printing of the Company's Annual Report, the Company released a

COVID-19 Trading Update ('Announcement') on 25 March 2020. This subsequent Announcement alters the detail contained in the Annual Report in relation to the 2019 final ordinary dividend and the total ordinary dividend in respect of 2019. Further to the Announcement, the total ordinary dividend in respect of 2019 will now be 7.55 pence per share, with no 2019 final ordinary dividend proposed.

Enquiries:

 
Headlam Group plc                              Tel: [phone] 
Steve Wilson, Chief Executive                  Email: [e-mail] 
 Chris Payne, Chief Financial Officer 
 Catherine Miles, Director of Communications 
Investec Bank plc (Corporate Broker)           Tel: [phone] 
David Flin / Alex Wright 
Panmure Gordon (UK) Limited (Corporate         Tel: [phone] 
 Broker) 
Erik Anderson / Dominic Morley 
 / Ailsa Macmaster 
Buchanan (Financial PR and IR)                 Tel: [phone] 
Mark Court / Toto Berger 
 

Notes for Editors:

Operating for 28 years and employing 2,575 people as at 31 December 2019, Headlam is Europe's leading floorcoverings distributor.

Headlam provides the distribution channel between suppliers and trade customers of floorcoverings. Working in partnership with suppliers across the globe manufacturing a diverse range of floorcovering products and ancillary accessories, Headlam provides an unparalleled route to market for their products across the UK and certain Continental European territories.

The utilisation of an outsourced distribution channel enables manufacturers to focus on their core activities, incur reduced costs associated with distribution, and benefit from localised sales, marketing and distribution expertise that provides a more effective and greater route to market for their products.

To maximize customer and market penetration, and reflecting the regionalised nature of the marketplace, Headlam comprises 67 individual businesses in the UK and Continental Europe (France, the Netherlands and Switzerland) each operating under their own unique trade brand and utilising individual sales teams.

Headlam's extensive customer base, operating within both the residential and commercial sectors and comprising principally independent retailers and flooring contractors, receives the broadest product offering supported by next day delivery as well as additional marketing and other support.

Headlam's offering is enabled through its unrivalled operating expertise, long-established supplier and customer relationships, and comprehensive distribution network. Following years of considerable investment, Headlam's distribution network currently comprises four national distribution hubs, 19 regional distribution centres and a supporting network of smaller warehouse premises, trade counters, showrooms and specification centres.

In 2019, Headlam worked with 190 suppliers from 19 countries and fulfilled 5.3 million customer orders.

www.headlam.com

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April 02, 2020 10:40 ET (14:40 GMT)