LONDON - Porvair plc, a specialist group in filtration and environmental technology, has initiated a push towards digital shareholder communications, the company announced today. Shareholders have been issued a circular, proposing a shift to electronic dissemination of company information, aligning with Porvair's sustainability objectives.
The company has given its shareholders a 28-day period starting today to communicate their preferences to the Company's Registrar. This move is expected to expedite the distribution of annual reports and meeting notices while also reducing the environmental impact and costs associated with traditional print methods.
Porvair's circular outlines the options available to shareholders. Those preferring to access shareholder information via the company's website will receive postal notifications when new documents are published. Alternatively, shareholders can register their email addresses to receive electronic notifications directly. For those who opt for physical copies, the company has made provisions to fulfill these requests at no additional charge.
The company highlighted that if no preference is communicated within the 28-day window, shareholders will be presumed to have consented to website publication for future shareholder information, foregoing hard copy deliveries by post.
This initiative is part of Porvair's broader commitment to sustainability and efficiency within its operations. The group, which operates in sectors including aerospace, industrial, laboratory, and metal melt quality, has been at the forefront of designing bespoke consumable filtration products for niche markets.
The transition to digital communications is not only a nod to environmental responsibility but also a reflection of the company's adaptation to modern, digital-centric business practices. The company has assured shareholders that despite the shift to digital, the right to request hard copies remains intact, ensuring accessibility for all shareholders.
Porvair's decision to move towards electronic communications is based on a circular posted on November 25, 2024, and is in compliance with company law that requires shareholder consent for electronic delivery of communications. The company has made it clear that exceptions to electronic delivery will be made where necessary, for example, in cases of overseas securities laws or other circumstances deemed inappropriate for electronic communication.
The announcement was made through RNS, the news service of the London Stock Exchange (LON:LSEG), and is in line with the company's ongoing efforts to enhance shareholder engagement and corporate governance practices.
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