Companies Act 2006, Section 172

Statement by the board of directors in performance of their statutory duties in accordance with s172 (1) Companies Act 2006

The director of the group considers that he has acted in the way that he considers, in good faith, would be most likely to promote the success of the group for the benefit of its members as a whole (having regard to the stakeholders and matters set out in s172(1) (a-f) of the Companies Act 2006) in the decisions taken during the year ended 31 December 2024.

Employees

The director recognises that employees are fundamental to the group’s long-term success. The group has taken significant steps to ensure that health and well-being is valued and supported.

Bank and brokers

The director considers the fostering of relationships with the group’s banks and brokers, who facilitate the financing and hedging of its commodities, to be integral to the long-term success of the business. The group maintains strong, open relationships with these institutions and maintaining these is fundamental to its continued success. The group is aware that the financial institution risk to providing ongoing credit is very real and not to be taken for granted.

Suppliers and customers

The group has a strong supplier and customer base right across the globe. Fostering close and enduring relationships with them is vital to the long-term success of the business. These are relationships gained from years in the industry that the group continues to develop, and as the group grows its relationships with the organisations continue to become stronger. The group takes pride in its integrity and transparency, to meet the highest standards possible when it comes to dealing with its customers and suppliers.

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