The principal risks and uncertainties facing LSL together with details of key mitigation initiatives is set out in the Financial Review at pages 22 and 23.
Shareholder Relations
LSL places a great deal of importance on communication with its stakeholders and is committed to establishing constructive relationships with
investors in order to assist it in developing an understanding of the views of its Shareholders.
LSL maintains a dialogue with institutional Shareholders through regular meetings with such Shareholders to discuss strategy, performance and
governance matters and to obtain investor feedback. The views of the Shareholders expressed during these meetings are reported to the Board. In
addition presentations will be arranged from time to time for Shareholders and analysts, including after the interim and preliminary results.
Steps are taken to ensure that all members of the Board understand the views of major Shareholders. This is achieved in a number of ways including
Governance
Directors’ Report and Business Review
feedback from the corporate advisors, Executive Directors and the distribution of analysts’ reports to the Board.
Whilst the Board encourages meetings between Non Executive Directors and institutional investors, to date no such meetings have taken place.
However, all of the Non Executive Directors, including the Chairman and the Senior Independent Director are offered the opportunity to attend and
are available to meet with all Shareholders and any Shareholder representative groups to discuss any issues or concerns and they can be contacted
through the Company Secretary’s office.
With regard to individual Shareholders, the Board considers that the main forum for communication is at the AGM and all of the Directors will be
available at the AGM to meet with investors.
All of LSL’s announcements are published on the LSL website (www.lslps.co.uk), together with copies of presentation material and financial reports.
Model code
LSL complies with a code on securities dealings in relation to its Ordinary Shares which is consistent with the Model Code published in the Listing
Rules. This code applies to the Directors and relevant employees of LSL.
takeover Directive
The Group has addressed the matters required to be addressed by the Takeover Directive which was implemented in the UK in accordance with
statutory provisions in Part 28 of the Companies Act 2006 in the Directors’ Report. Please refer to page 31 of the Report of the Directors.
Approved by and signed on behalf of the Board of Directors
Sapna B Fitzgerald
Company Secretary
28th February 2013
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