18 September 2025
Sosandar plc
("Sosandar" or the "Company")
Poll result of General Meeting in relation to the proposed Capital Reduction
Sosandar plc (AIM: SOS), one of the fastest growing fashion brands in the UK, creating quality, trend-led products for women of all ages, announces that the Resolution proposed at the General Meeting held at 10.30 am today, was duly passed by way of a poll. All valid proxy votes (whether submitted electronically, via CREST or in hard copy form) were included in the poll taken at the meeting.
Capitalised terms used in this announcement have the meaning given in the circular published by the Company on 2 September 2025 in connection with the Capital Reduction and is available to view on the Company's website, unless the context requires otherwise or as otherwise defined herein.
The poll results for the Resolution are set out below.
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Poll Results |
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RESOLUTION |
Votes FOR |
Percentage FOR |
Votes AGAINST |
Percentage AGAINST |
% of ISC voted |
Votes WITHHELD |
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| 1 |
Special Resolution: THAT, subject to the confirmation of the High Court of Justice in England and Wales, the amount standing to the credit of the share premium account of the Company be cancelled and credited to the reserves of the Company. |
96,292,978 |
99.98 |
18,958 |
0.02 |
38.80 |
46,404 |
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| Notes: 1. A vote "withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution. 2. The Company's total ordinary shares in issue (total voting rights) as at the date of the General Meeting is 248,226,513 ordinary shares of £0.001 each. There are no shares held in treasury. Every shareholder has one vote for every ordinary share held. 3. The issued share capital ("ISC") figure used to calculate the percentage voted is 248,226,513.
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The timetable for the remaining principal events in connection with the Capital Reduction are as follows:
| · Expected date of initial directions hearing of the Court:
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26 September 2025 |
| · Expected date of Court Hearing to confirm the Capital Reduction:
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14 October 2025 |
| · Registration of Court Order and expected effective date for the Capital Reduction: |
16 October 2025
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Each of the times and dates set out in the above timetable is subject to change by the Company, in which event details of the new times and dates will be notified by an announcement through a Regulatory Information Service (as defined in the AIM Rules). In particular, the expected date for the Court Hearing and the Capital Reduction becoming effective are based on provisional dates that have been obtained for the required Court hearings of the Company's application. The dates are subject to any directions of the Court and the date for the registration of the Court Order is dependent upon, amongst other things, the date on which the Court confirms the Capital Reduction.
Enquiries
| Sosandar plc |
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| Julie Lavington / Ali Hall, Joint CEOs |
c/o Alma PR |
| Steve Dilks, CFO |
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| Singer Capital Markets (Nominated Adviser & Joint Broker) Peter Steel / Tom Salvesen / Sara Hale / Patrick Weaver |
+44 (0) 20 7496 3000
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| Dowgate Capital (Joint Broker) |
+44 (0) 20 3903 7715 |
| David Poutney / Amber Higgs / Daniel Ingram |
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| Alma Strategic Communications |
+44 (0) 20 3405 0205 |
| Sam Modlin / Rebecca Sanders-Hewett / Kinvara Verdon |
About Sosandar plc
Sosandar is a women's fashion brand in the UK targeting style conscious women who have graduated from lower quality, price-led alternatives. The Company offers this underserved audience fashion-forward, affordable, quality clothing to make them feel sexy, feminine, and chic. The business sells predominantly own-label exclusive product designed and tested in-house.
Sosandar's product range is diverse, providing its customers with an array of choice for all occasions across all women's fashion categories. The company sells through Sosandar.com and its own stores, and has a number of high value brand partnerships including with NEXT and Marks & Spencer.
Sosandar's success has been built on an exceptional product range, seamless customer experience and impactful, lifestyle marketing, all of which is underpinned by combining innovation with data analysis. Our growth strategy is focused on continuing to grow brand awareness and expand our addressable market and routes to market, reaching customers wherever they wish to shop. This is achieved both through direct to consumer channels and through chosen third-party partners.
Sosandar was founded in 2016 and listed on AIM in 2017. More information is available at www.sosandar-ir.com .
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