NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
THE COMPANY EXPECTS TO PUBLISH SHORTLY A CIRCULAR IN CONNECTION WITH THE TRANSACTION. ANY VOTING DECISIONS BY SHAREHOLDERS IN CONNECTION WITH THE TRANSACTION SHOULD BE MADE ON THE BASIS OF THE INFORMATION CONTAINED IN THE CIRCULAR.
FOR IMMEDIATE RELEASE
20 April 2021
Kier Group plc
Publication of Circular and Notice of General Meeting
Kier Group plc ("Kier" or the "Company") today announces that, further to the announcement on Friday 16 April 2021 in relation to the proposed sale of Kier Living Limited, (the "Transaction"), a shareholder circular relating to the Transaction (the "Circular") has been published today, having received approval from the Financial Conduct Authority.
As described in the Circular, the Kier Board unanimously recommends that all shareholders vote or procure votes in favour of the resolution being proposed at the General Meeting. Kier urges all Kier shareholders ("Shareholders") to read the Circular carefully as it contains important information in relation to the Transaction.
General Meeting
The Circular includes a Notice convening a General Meeting to be held at 10.00 a.m. on 7 May 2021 at 6 Cavendish Place, London, W1G 0QA. In light of the guidance related to physical meetings due to the COVID-19 pandemic, only the Chairman and the Chief Executive will be in attendance at the General Meeting to ensure a quorum and to conduct the business of the meeting and social distancing measures will be in place in order to comply with current requirements. Please be aware that in accordance with current UK government advice, any Shareholder who attempts to attend the General Meeting in person will not be permitted entry. Accordingly, Shareholders are encouraged to vote as outlined below and to submit questions in advance of the meeting by emailing cosec@kier.co.uk. Questions will also be permitted during the General Meeting via the same email address cosec@kier.co.uk, given Shareholders will not be able to attend the General Meeting in person.
The Company will hold a live webcast of the General Meeting for Shareholders at www.kier.co.uk/investors. To be able to attend the webcast, Shareholders will need to have registered by no later than 5.00 p.m. on 6 May 2021. Details of how to do so are on the Company's website. Alternatively, Shareholders may dial in to, but not speak at, the General Meeting. If you are calling from within the UK, please dial 0203 936 2999; the call will be charged at your standard geographic rate. If you are calling from outside the UK, please dial +44 203 936 2999; you will be charged at the applicable international rate. The access code for the telephone call is 662688. There is no need to register if you wish to join the telephone call.
Availability of the Circular
Copies of the Circular, the Form of Proxy in relation to the General Meeting and certain other documents in relation to the Transaction are available for inspection on Kier's website (www.kier.co.uk).
Copies of the Circular and the Form of Proxy in relation to the General Meeting have also been submitted to the Financial Conduct Authority via the National Storage Mechanism and will be available for viewing shortly at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Timetable
The expected timetable of key events is set out below:
| Event | Expected Date / Time (London Time) |
| Latest time and date for receipt of Forms of Proxy, CREST Proxy Instructions and electronic registration of a proxy appointment | 10.00 a.m. on 5 May 2021 |
| Voting Record Time | 6.00 p.m. on 5 May 2021 |
| General Meeting | 10.00 a.m. on 7 May 2021 |
| Expected timing of completion | Before mid-June 2021 |
Enquires:
| Kier Group plc Andrew Collins, Head of Investor Relations Kier Press Office
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07933 388 746 01767 355 096
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Important Notice
This announcement is for information purposes only and does not constitute a prospectus or prospectus equivalent document. Nothing in this announcement shall constitute an offer or invitation to underwrite, buy, subscribe, sell or issue of the solicitation of an offer to buy, sell, acquire, dispose or subscribe for shares of any other securities. Nothing in this announcement should be interpreted as a term or condition of the Transaction.
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.
The availability of this announcement and/or the Circular to Shareholders who are not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions in which they are resident (including affecting the ability of such Shareholders to vote their shares with respect to the Transaction). Persons who are not resident in the United Kingdom or who are subject to the laws and/or regulations of another jurisdiction should inform themselves of, and should observe, any applicable requirements. Any failure to comply with any such restrictions may constitute a violation of the securities laws of such jurisdiction.
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