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Investor Relations

Samuel Heath & Sons PLC is listed on the AIM market.

View QCA Corporate Governance Code Disclosure.

This information in this section of the website is disclosed in accordance with AIM Rule 26. The information was last modified on 14th November 2018.



AIM Rule 26

Company

COMPANY BOARD

The Board meets regularly to monitor and steer the company.

There is a clear structure of responsibility, and a mix of executive and experienced non-executive members.

Support is provided both through committees (eg for Audit and Remuneration) and access to internal subject experts when necessary.

The members of the Board have a collective responsibility and legal obligation to promote the interests of the company and are collectively responsible for defining corporate governance arrangements. Ultimate responsibility for the quality of, and approach to, corporate governance lies with the Chair of the Board.

The Board consists of seven directors of whom four are executives (Samuel Heath, David Pick, Martyn Whieldon and Simon Latham) and three are independent non-executives (Anthony Buttanshaw, Martin Green and Ross Andrews). The Board is supported by two committees: Audit and Remuneration. The Board does not consider that it is of a size at present to require a separate nominations committee.

Non-executive directors attend 8-9 board and board committee meetings per year and are available at other times as required for face-to-face and telephone meetings with the executive team.

The Chairman is responsible for ensuring that, to inform decision-making, directors receive accurate, sufficient and timely information. The Company compiles the board and committee papers which are circulated to directors prior to meetings. The Company Secretary provides minutes of each meeting.

Meetings held during the last 12 months (to end of August 2018) and the attendance of directors is summarised below:

Board Meetings Audit Committee Remuneration Committee
Possible Attended Possible Attended Possible Attended
Chairman
Samuel Heath 8 5 - - 1 1
Exec Directors
David Pick 8 8 - - - -
Martyn Whieldon 8 7 - - - -
Simon Latham 8 8 2 2 - -
Non-Exec Directors
Anthony Buttanshaw 8 8 2 2 1 1
Martin Green 8 5 2 1 1 1
Ross Andrews 8 8 2 2 1 -

STRATEGY AND BUSINESS MODEL

The Company uses its long-established skills and investments in manufacturing metals to produce high-quality products for the bathroom and door hardware markets.

The customer value proposition is supported by:

  • Brand value and recognition through long standing targeted advertising and PR.
  • High quality design, manufacture and in-house finishing.
  • Effective customer service and support from regular direct contact with resellers and specifiers of across product ranges.
  • Industry leading shipment/delivery times.

The shareholder value is supported by:

  • Variety of geographical markets spreading economic risk.
  • Strong Balance Sheet.
  • Vertically integrated manufacturing facility affords total control of quality and availability of product to ultimate customer.
  • Recruiting and retaining suitable staff with the necessary skills and abilities enables the company to execute its strategy effectively. We foster initiatives to encourage the promotion of good staff engagement as well as ensuring that remuneration packages are competitive within the markets in which we operate.

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