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Vanquis Banking Group plc announced on 25 May 2023 the results of its Annual General Meeting, stating that all 24 resolutions put to the poll were passed. These resolutions included the approval of a 10.3p per share final dividend, the re-election of ten directors, the election of Michele Greene as a director, and the reappointment of Deloitte LLP as auditor. The total votes cast across the resolutions represented between 84.13% and 84.66% of the company's 253,877,603 ordinary shares in issue.
| Date | 25 May 2023 |
| Time | 13:30:00 |
| Category | AGMs and other meetings |
| ID | 6907A |
Vanquis Banking Group plc ("the Company")
Results of Annual General Meeting
Results of Annual General Meeting
The Company announces the results of the voting by poll on the resolutions put to its annual general meeting (AGM) today, Thursday 25 May 2023.
A poll was held on each of the resolutions set out in the notice of AGM and the results of the poll are set out below. All of the resolutions voted on at the AGM were duly passed.
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Number of votes cast "For" |
% of votes cast "For" |
Number of votes cast "Against" |
% of votes cast "Against" |
Number of votes Withheld |
Total votes cast as a % of Issued Share Register |
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|
RESOLUTION |
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|
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1. |
Directors' and auditor's reports and the financial statements |
214,788,175 |
100.00 |
8,419 |
0.00 |
138,088 |
84.61 |
|
2. |
Directors' remuneration policy |
203,831,473 |
94.84 |
11,098,605 |
5.16 |
4,604 |
84.66 |
|
3. |
Approval of the annual statement by the chairman of the remuneration committee and the annual report on remuneration |
206,328,603 |
96.00 |
8,598,613 |
4.00 |
7,466 |
84.66 |
|
4. |
Final dividend of 10.3p per share |
214,930,400 |
100.00 |
2,983 |
0.00 |
1,299 |
84.66 |
|
5. |
Re-election of Patrick Snowball as a Director |
211,298,752 |
98.92 |
2,310,878 |
1.08 |
1,325,052 |
84.14 |
|
6. |
Re-election of Malcolm Le May as a Director |
212,750,661 |
99.60 |
860,469 |
0.40 |
1,323,552 |
84.14 |
|
7. |
Re-election of Neeraj Kapur as a Director |
212,674,809 |
99.56 |
935,225 |
0.44 |
1,324,648 |
84.14 |
|
8. |
Re-election of Andrea Blance as a Director |
210,851,555 |
98.72 |
2,744,479 |
1.28 |
1,338,648 |
84.13 |
|
9. |
Re-election of Elizabeth Chambers as a Director |
211,463,499 |
99.00 |
2,132,105 |
1.00 |
1,339,078 |
84.13 |
|
10. |
Election of Michele Greene |
212,728,410 |
99.59 |
865,694 |
0.41 |
1,340,578 |
84.13 |
|
11. |
Re-election of Paul Hewitt as a Director |
211,367,771 |
98.96 |
2,226,763 |
1.04 |
1,340,148 |
84.13 |
|
12. |
Re-election of Margot James as a Director |
211,387,333 |
98.97 |
2,208,701 |
1.03 |
1,338,648 |
84.13 |
|
13. |
Re-election of Angela Knight as a Director |
211,386,589 |
98.97 |
2,209,015 |
1.03 |
1,339,078 |
84.13 |
|
14. |
Re-election of Graham Lindsay as a Director |
211,472,796 |
99.01 |
2,121,308 |
0.99 |
1,340,578 |
84.13 |
|
15. |
Reappointment of Deloitte LLP as the Auditor of the Company |
213,945,506 |
99.54 |
981,294 |
0.46 |
7,882 |
84.66 |
|
16. |
Audit committee to determine the Auditor's Remuneration |
214,774,059 |
99.93 |
154,356 |
0.07 |
6,267 |
84.66 |
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17. |
Company granted authority to make political donations |
214,834,125 |
99.96 |
95,207 |
0.04 |
5,350 |
84.66 |
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18. |
Directors authorised to allot shares |
213,979,243 |
99.56 |
949,291 |
0.44 |
6,148 |
84.66 |
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19. |
Company authorised to disapply pre-emption rights |
213,058,472 |
99.13 |
1,870,492 |
0.87 |
5,718 |
84.66 |
|
20. |
Company authorised to disapply pre-emption rights (in relation to acquisitions and specified capital investments) |
211,742,441 |
99.13 |
1,867,808 |
0.87 |
1,324,433 |
84.14 |
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21. |
Company authorised to purchase its own shares |
214,132,777 |
99.65 |
761,495 |
0.35 |
40,410 |
84.64 |
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22. |
Company authorised to allot equity securities in relation to the issue of Additional Tier 1 Securities |
213,943,496 |
99.54 |
983,860 |
0.46 |
7,326 |
84.66 |
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23. |
Company authorised to disapply pre-emption rights in relation to the issue of Additional Tier 1 Securities |
212,667,813 |
99.56 |
941,258 |
0.44 |
1,325,611 |
84.14 |
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24. |
Convening of a general meeting on not less than 14 days' notice authorised |
212,885,115 |
99.05 |
2,047,284 |
0.95 |
2,283 |
84.66 |
Notes
1. Votes "For" and "Against" are expressed as a percentage of votes received.
2. A "vote withheld" is not a vote in law and is therefore not counted towards the proportion of votes "For" or "Against" a resolution.
3. As at close of business on Tuesday 23 May 2023, the time by which shareholders who wanted to vote at the AGM must have been entered on the Company's register of members, there were 253,877,603 ordinary shares in issue and 84% of the voting capital was instructed, as set out in the table above. Shareholders are entitled to one vote per share.
In accordance with Listing Rule 9.6.2R, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at the National Storage Mechanism.
Name of contact and telephone number for AGM queries:
Melanie Barnett
Company Secretary
0203 620 3689
Name of contacts and contact details for Investor Relations:
Owen Jones
01274 351 900