9 October 2025
WH Ireland Group Plc
("WH Ireland" or the "Company")
Result of General Meeting
Conditional disposal of Wealth Management Business
Proposed Cancellation of Admission to AIM
General Update
Board Changes
General Meeting Update
WH Ireland announces that at its General Meeting held earlier today resolutions (as detailed in the Company's announcement of 22 September 2025) to authorise the proposed disposal of the business and assets of the Group's wealth management business to Oberon Investments Limited (the "Proposed Transaction") and the associated delisting of the Company's ordinary shares from trading on AIM (the "Delisting") were put to shareholders (together the "Resolutions").
The votes received from shareholders on each resolution were as set out below. Both the Resolutions failed and accordingly neither the Proposed Transaction nor the Delisting are approved and therefore are unable to be progressed.
|
| Total votes In favour | % of votes In favour | Total votes Against | % of votes Against |
| Ordinary Resolution 1 (Proposed Transaction) | 7,263,475 | 4.37% | 158,995,502 | 95.63% |
| Special Resolution 2 (Delisting ) | 73,990,192 | 44.50 % | 92,268,785 | 55.50 % |
Details of the result of the voting are also available on the Company's website: https://www.whirelandplc.com/investor-relations/shareholder-information
General Update
The Directors will now consult with the Company's principal shareholders to ascertain their views for the future plans of the business and they are looking to progress this in a constructive and expeditious manner.
At the current time the Group continues to be loss making but has sufficient liquidity and regulatory capital to be able to continue to operate on a "business as usual" basis.
Board Changes
Given the rejection of the Resolutions at the General Meeting, the non-executive directors have concluded that this effective vote of no confidence in the Board leaves them with no option but to tender their resignations. Accordingly, each of Simon Moore and Garry Stran today notified the Board that they will resign as a director of the Company, with effect from 9 January 2026 (or earlier, by mutual agreement with the Board). Any change to this resignation date will be announced. The non-executive directors are fully committed to working with the Company to affect an orderly transition and handover in the coming months taking into account any views that might be expressed by any principal shareholders as part of their anticipated consultations.
-END-
For further information please contact:
| WH Ireland Group plc | |
| Simon Jackson, Chief Finance Officer | +44(0) 20 7220 1666 |
| Zeus Capital Limited | |
| Katy Mitchell | +44(0) 161 831 1512 |
| MHP Communications | |
| Reg Hoare / Hugo Harris | +44 (0) 7831 406117 |
Notes to Editors:
About WH Ireland Group plc
Wealth Management Division
WH Ireland provides independent financial planning advice and discretionary investment management. Our goal is to build long term, mutually beneficial, working relationships with our clients so that they can make informed & effective choices about their money and how it can support their lifestyle ambitions. We help clients to build a long term financial plan and investment strategy for them and their families.
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