On January 6, 2023, Topps Tiles Plc announced that it has provided an update on shareholders' agreement and highlighting the consequences to the shareholders interest by accepting the resolutions to remove Darren Shapland and to appoint Lidia Wolfinger and Michal Bartusiak as directors of the Company proposed by MS Galleon GmbH. In addition, the Company urged the shareholders of the Company to vote against the proposals at the annual meeting of shareholders scheduled to be held on January 18, 2023.