THE INFORMATION CONTAINED WITHIN THE SECTION OF THIS WEBSITE IS FOR THE PURPOSE OF AIM RULE 26:
Business Description
INSPECS is a leading provider of eyewear solutions to the global eyewear market. The Group produces a broad range of eyewear frames, low vision aids and lenses, covering optical, sunglasses and safety, which are either "Branded" (under licence or under the Group's own proprietary brands), or "OEM" (unbranded or private label on behalf of retail customers).
INSPECS is building a global eyewear business through its vertically integrated business model. Its continued growth is underpinned by six core drivers: increasing the penetration of its own-brand portfolio, increasing distribution in Asian Pacific markets, growing its travel retail markets, maximising group synergies, expanding its manufacturing capacity and scaling the research and development department as it develops new and innovative eyewear products.
The Group has completed several significant acquisitions since its IPO in February 2020. In December 2020, INSPECS acquired Eschenbach, a leading global eyewear supplier, headquartered in Nuremberg, Germany, which includes the American company Tura. This followed the acquisition of lens maker Norville in July 2020, whereby INSPECS combined two British heritage brands, Savile Row frame maker, and Norville lens maker, further enhancing its vertically-integrated business model. In December 2021 the Group acquired Ego Eyewear, a design and licensing company which uses third party eyewear manufacturers to produce premium fashion brands, and BoDe, a distributor of optical frames and sunglasses principally to the German and neighbouring markets.
INSPECS customers include global optical and non-optical retailers, global distributors and independent opticians, with its distribution network covering over 80 countries and reaching approximately 75,000 points of sale.
INSPECS has operations across the globe: with offices and subsidiaries in the UK, Germany, Portugal, Scandinavia, the US and China (including Hong Kong, Macau and Shenzhen), and manufacturing facilities in Vietnam, China, the UK and Italy. With the acquisition of Eschenbach, the Group's international reach further extends across Europe and the American markets.
The Group's growth strategy going forward is to: (i) continue to grow organically; (ii) undertake further acquisitions (and drive value through leveraging the Group's internal capabilities); and (iii) extend the Group's manufacturing capacity.
COMPANY DIRECTORS
Information about our directors can be found on the Directors page
DIRECTORS’ RESPONSIBILITIES AND COMMITTEES
Information about the Directors’ responsibilities and committees can be found on our Corporate Governance page
CORPORATE GOVERNANCE
A MESSAGE FROM THE CHAIRMAN
The Inspecs Group plc Board sets the Group’s strategy for achieving long-term success and is accountable to the Company’s stakeholders, including shareholders, customers, suppliers and employees. It is also ultimately responsible for ensuring that appropriate and effective governance frameworks are established.
The Board Directors recognise the value and importance of good corporate governance. An appropriate governance framework supports operational, financial and risk management, the effectiveness of which drives performance, and enables the Group to achieve its strategic objectives for the benefit of all stakeholders. The Board decided to adopt a formal governance code in January 2020, in order to be able to demonstrate how the Company operates in accordance with widely accepted principles of good governance.
The Company has established practices which the Board consider to be proportional to the size, risks, complexity and operations of the businesses in which Inspecs operates. The Board believes that the Company complies with each of the principles of the Quoted Companies Alliance Corporate Governance Code (the “Code”). As Company Chairman I am pleased to share with you our Corporate Governance Statement.
The Company’s QCA Corporate Governance Code can be found here.
This information was last reviewed on 17th June 2024.
UK TAKEOVER CODE APPLICABILITY
The UK City Code on Takeovers and Mergers applies to the Company.
COUNTRY OF INCORPORATION AND OPERATIONS
Country of incorporation : England and Wales
Company registration number : 11963910
Main country of operation : United Kingdom
COMPANY DOCUMENTS
Articles of Association
Admission Document
DETAILS OF RESTRICTIONS ON THE TRANSFER OF SECURITIES
There are no restrictions on the transfer of ordinary shares.
DETAILS OF ANY OTHER EXCHANGES
The company’s shares are traded on the AIM of the London Stock Exchange. There are no other exchanges or trading platforms on which the company has applied or agreed to have its securities admitted to or traded on.
SECURITIES INFORMATION
AIM securities in issue : 101,671,525
The percentage of AIM securities not in public hands: 20.5%
This information was last updated on 31 May 2024.
FINANCIAL REPORTS
Click here for access to the Company’s Annual and Interim Results
REGULATORY NEWS
Click here to see all regulatory announcements issued by the Company.
ADVISERS
For all Company Adviser Information please Click here