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Secure Trust Bank PLC shareholders passed all 20 resolutions at the Annual General Meeting held on May 15, 2025, including the declaration of a final dividend of 22.5 pence per ordinary share and the re-election of several directors. Total votes cast, including withheld votes, represented 51.96% of the company's 19,071,408 issued ordinary shares.
| Date | 15 May 2025 |
| Time | 16:58:07 |
| Category | AGMs and other meetings |
| ID | 9026I |
Secure Trust Bank PLC
15 May 2025
SECURE TRUST BANK PLC
Results of the 2025 Annual General Meeting
The Board is pleased to confirm all resolutions set out in the Notice of AGM 2025 were passed by shareholders at today's AGM. A summary of the poll results in respect of each resolution is set out below.
|
|
Resolution |
Votes for |
% of votes cast for |
Votes against |
% of votes cast against |
Total votes cast - excludes withheld votes |
Withheld |
|
1. |
To receive and adopt the Report and Accounts 2024 |
9,362,172 |
99.99% |
1,069 |
0.01% |
9,363,241 |
545,465 |
|
2. |
To receive and approve the Directors' Remuneration Report |
9,727,051 |
98.23% |
175,288 |
1.77% |
9,902,339 |
6,367 |
|
3. |
To declare a final dividend of 22.5 pence per ordinary share |
9,780,911 |
99.99% |
1,069 |
0.01% |
9,781,980 |
126,726 |
|
4. |
To elect Julie Hopes as Director |
9,873,664 |
99.96% |
3,707 |
0.04% |
9,877,371 |
31,335 |
|
5. |
To re-elect Jim Brown as Director |
9,204,885 |
92.93% |
700,146 |
7.07% |
9,905,031 |
3,675 |
|
6. |
To re-elect David McCreadie as Director |
9,901,545 |
99.96% |
3,486 |
0.04% |
9,905,031 |
3,675 |
|
7. |
To re-elect Rachel Lawrence as Director |
9,901,324 |
99.96% |
3,707 |
0.04% |
9,905,031 |
3,675 |
|
8. |
To re-elect Ann Berresford as Director |
9,754,179 |
98.48% |
150,852 |
1.52% |
9,905,031 |
3,675 |
|
9. |
To re-elect Victoria Mitchell as Director |
9,754,179 |
98.48% |
150,852 |
1.52% |
9,905,031 |
3,675 |
|
10. |
To re-elect Paul Myers as Director |
9,750,672 |
98.44% |
154,359 |
1.56% |
9,905,031 |
3,675 |
|
11. |
To re-elect Finlay Williamson as a director |
9,750,208 |
98.48% |
150,975 |
1.52% |
9,901,183 |
7,523 |
|
12. |
To re-appoint Deloitte LLP as auditor |
9,355,726 |
99.96% |
3,549 |
0.04% |
9,359,275 |
549,431 |
|
13. |
To authorise the Audit Committee to fix the remuneration of the auditor |
9,894,415 |
99.90% |
9,793 |
0.10% |
9,904,208 |
4,498 |
|
14. |
THAT, the Directors are authorised to allot shares in the Company or grant rights to subscribe for or convert any security into shares in the Company |
9,887,944 |
99.85% |
14,586 |
0.15% |
9,902,530 |
6,176 |
|
15. |
THAT, in addition to resolution 14, the Directors be authorised to allot shares and equity securities in relation to an issue of AT1 Securities |
9,350,942 |
94.40% |
554,279 |
5.60% |
9,905,221 |
3,485 |
|
16. |
THAT, subject to resolution 14, the Directors be authorised to allot equity securities for cash |
9,871,512 |
99.66% |
33,709 |
0.34% |
9,905,221 |
3,485 |
|
17. |
THAT, subject to resolution 14 and in addition to 16, the Directors be authorised to allot equity securities for cash in connection with a capital investment |
9,830,437 |
99.28% |
71,688 |
0.72% |
9,902,125 |
6,581 |
|
18. |
THAT, subject to resolution 15, the Directors be authorised to disapply Statutory Pre-Emption Rights in relation to an issue of AT1 Securities |
9,344,359 |
94.36% |
558,157 |
5.64% |
9,902,516 |
6,190 |
|
19. |
THAT the Company be authorised to make market purchases of ordinary shares of 40 pence each in the capital of the Company |
9,897,700 |
99.89% |
10,692 |
0.11% |
9,908,392 |
314 |
|
20. |
THAT the directors be authorised to call a General Meeting on 14 days' notice |
9,886,960 |
99.82% |
18,289 |
0.18% |
9,905,249 |
3,457 |
The issued share capital of the Company comprises 19,071,408 shares and total votes cast, including votes withheld, amounted to 51.96% of the issued share capital. Resolutions 16 - 20 were passed as special resolutions.
The Company has sent copies of the resolutions passed at the AGM, other than those concerning ordinary business, to the FCA's National Storage Mechanism and they will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
‐ENDS-
Enquiries:
Secure Trust Bank PLC
Lisa Daniels, Company Secretary
Tel: 0121 693 9100
About STB
STB is an established, well‐funded and capitalised UK retail bank with over 70‐years of trading history. STB operates principally from its head office in Solihull, West Midlands, and has 904 employees (full‐time equivalent) as at 31 December 2024. STB's diversified lending portfolio currently focuses on two sectors:
· Business finance through its Real Estate Finance and Commercial Finance divisions; and
· Consumer finance through its Vehicle Finance and Retail Finance divisions.
Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Secure Trust Bank PLC, Yorke House, Arleston Way, Solihull, B90 4LH.