Inspecs is a leading designer, manufacturer and distributor of eyewear frames, providing a one-stop shop to global retail chains and popular fashion brands. The Group produces a broad range of frames, covering optical, sunglasses and safety, which are either “Branded” (either under license or under the Group’s own proprietary brands), or “OEM (Original Equipment Manufacturer)” (including private label on behalf of retail customers and un-branded).
The Group produces predominantly mid-market and entry-level priced products and the Directors believe Inspecs is well positioned to continue to take market share in the globally expanding eyewear market. Inspecs was founded by Robin Totterman in 1988 as a UK-focused eyewear frame distributor and now sells its products in over 80 countries around the world, reaching approximately 30,000 points of sale.
Information about the Directors’ responsibilities and committees can be found on our Corporate Governance page
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 new Corporate Governance Statement.
The Company’s full Statement of Compliance with the QCA Corporate Governance Code can be found on the Corporate Governance page.
The UK City Code on Takeovers and Mergers applies to the Company.
Country of incorporation : England and Wales
Company registration number : 11963910
Main country of operation : United Kingdom
There are no restrictions on the transfer of ordinary shares.
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.
AIM securities in issue : 70,745,395
The percentage of AIM securities not in public hands at admission was: 47.8%