Workspace : 2019 Annual General Meeting Update Statement

2019 Annual General Meeting Update Statement

Released : 13.12.2019 10:41

RNS Number : 8263W

Workspace Group PLC

13 December 2019

13 December 2019

WORKSPACE GROUP PLC

2019 ANNUAL GENERAL MEETING ‐ UPDATE STATEMENT

On 11 July 2019, the Board of Workspace Group PLC (the "Company") announced that all resolutions proposed at the 2019 Annual General Meeting of the Company were passed. However, the Board noted that 20.38% of votes were cast against resolution 9, the reelection of Stephen Hubbard, a Non-Executive Director of the Company.

The Company has since constructively engaged with shareholders to understand the reasons behind this result. The Board understands that votes against Mr Hubbard's re-election were based on his additional board roles, and in particular his role as Executive Chairman of

CBRE UK.

The Company confirms that it was notified on 4 November 2019 that Mr Hubbard will be retiring as Executive Chairman of CBRE UK on 31 December 2019. The Board continues to believe that Mr Hubbard is a valuable and effective Non-Executive Director and is satisfied that he is able to devote sufficient time to his role at the Company in order to effectively discharge his responsibilities.

This statement is made in accordance with the requirement of Provision 4 of the UK Corporate Governance Code 2018.

Enquiries:

Carmelina Carfora, Company Secretary

Workspace Group PLC

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