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Virgin Money UK PLC announced on March 1, 2024, that all 26 resolutions proposed at its Annual General Meeting were passed by shareholders, with "For" votes ranging from 92.98% to 99.98% across all resolutions. This included the approval of the Directors' remuneration report, the re-election and election of directors, and the declaration of a final dividend of 2p per ordinary share for the year ended 30 September 2023.
| Date | 1 Mar 2024 |
| Time | 11:31:23 |
| Category | AGMs and other meetings |
| ID | 2918F |
Virgin Money UK PLC
(Company)
LEI: 213800ZK9VGCYYR6O495
1 March 2024
Result of the Annual General Meeting 2024
Following the Annual General Meeting 2024 (2024 AGM) held today, 1 March 2024, the Company announces that all resolutions put to shareholders at the meeting were passed by the required majorities. A poll was held on each of the resolutions proposed the results of which are as follows:
|
Resolution |
For |
Against |
Total |
Withheld |
||
|
|
No. of Votes |
% of Vote |
No. of Votes |
% of Vote |
No. of Votes |
No. of Votes |
|
1. To receive the reports of the Directors and auditors and the audited financial statements of the Company for the year ended 30 September 2023
|
961,473,624 |
99.98 |
172,313 |
0.02 |
961,645,937 |
14,007,015 |
|
2. To approve the Directors' remuneration report as set out in the Company's Annual Report and Accounts for the year ended 30 September 2023
|
946,316,042 |
97.57 |
23,574,446 |
2.43 |
969,890,488 |
5,784,851 |
|
3. To declare a final dividend of 2p per ordinary share in the Company in respect of the year ended 30 September 2023
|
975,221,492 |
99.97 |
265,223 |
0.03 |
975,486,715 |
189,275 |
|
4. To re-elect Clifford Abrahams as a Director of the Company
|
953,908,211 |
97.81 |
21,328,389 |
2.19 |
975,236,600 |
434,082 |
|
5. To re-elect David Bennett as a Director of the Company
|
947,624,100 |
98.02 |
19,121,461 |
1.98 |
966,745,561 |
8,925,382 |
|
6. To elect Lucinda Charles-Jones as a Director of the Company
|
974,101,239 |
99.90 |
987,159 |
0.10 |
975,088,398 |
582,338 |
|
7. To re-elect David Duffy as a Director of the Company
|
974,140,865 |
99.90 |
998,539 |
0.10 |
975,139,404 |
532,743 |
|
8. To re-elect Geeta Gopalan as a Director of the Company
|
959,426,010 |
98.38 |
15,806,493 |
1.62 |
975,232,503 |
439,644 |
|
9. To re-elect Elena Novokreshchenova as a Director of the Company
|
965,057,664 |
98.96 |
10,168,546 |
1.04 |
975,226,210 |
445,942 |
|
10. To re-elect Darren Pope as a Director of the Company
|
964,953,298 |
98.95 |
10,247,274 |
1.05 |
975,200,572 |
464,059 |
|
11. To re-elect Tim Wade as a Director of the Company
|
965,139,973 |
98.97 |
10,072,266 |
1.03 |
975,212,239 |
460,268 |
|
12. To re-elect Sara Weller CBE as a Director of the Company
|
952,772,867 |
97.70 |
22,448,519 |
2.30 |
975,221,386 |
450,176 |
|
13. To appoint PricewaterhouseCoopers LLP as auditors of the Company
|
965,957,858 |
99.05 |
9,287,087 |
0.95 |
975,244,945 |
428,597 |
|
14. To authorise the Audit Committee to determine the remuneration of the auditors
|
974,865,975 |
99.95 |
532,784 |
0.05 |
975,398,759 |
275,097 |
|
15. To authorise the Directors to allot shares
|
906,811,546 |
92.98 |
68,447,534 |
7.02 |
975,259,080 |
413,224 |
|
16. To authorise the Directors to disapply statutory pre-emption rights in respect of 5% of the Company's issued share capital
|
920,448,241 |
94.39 |
54,742,078 |
5.61 |
975,190,319 |
480,459 |
|
17. To authorise the Directors to disapply statutory pre-emption rights in respect of an additional 5% of the Company's issued share capital
|
911,335,914 |
93.45 |
63,827,597 |
6.55 |
975,163,511 |
489,639 |
|
18. To authorise the Directors to allot equity securities in connection with AT1 Securities
|
964,145,909 |
98.90 |
10,725,942 |
1.10 |
974,871,851 |
797,635 |
|
19. To authorise the Directors to disapply statutory pre-emption rights in respect of any issue of further AT1 Securities
|
964,612,038 |
98.94 |
10,314,009 |
1.06 |
974,926,047 |
744,085 |
|
20. To permit the Company to purchase its own shares
|
964,415,778 |
98.90 |
10,771,420 |
1.10 |
975,187,198 |
476,619 |
|
21. To permit the Company to enter into a contingent purchase contract between the Company and Citigroup Global Markets Australia Pty Limited (Citi) for the purchase by Citi, at the direction of the Company, of CHESS Depositary Interests (CDIs)
|
964,606,562 |
98.93 |
10,392,693 |
1.07 |
974,999,255 |
651,469 |
|
22. To permit the Company to enter into a contingent purchase contract between the Company and Goldman Sachs International (Goldman Sachs) for the purchase by Goldman Sachs, at the direction of the Company, of CHESS Depositary Interests (CDIs)
|
964,573,141 |
98.93 |
10,414,417 |
1.07 |
974,987,558 |
681,156 |
|
23. To permit the Company to enter into a contingent purchase contract between the Company and J.P. Morgan Securities Australia Limited (J.P. Morgan) for the purchase by J.P. Morgan, at the direction of the Company, of CHESS Depositary Interests (CDIs)
|
964,497,310 |
98.92 |
10,490,608 |
1.08 |
974,987,918 |
684,178 |
|
24. To permit the Company to enter into a contingent purchase contract between the Company and Morgan Stanley Australia Securities Limited (Morgan Stanley) for the purchase by Morgan Stanley, at the direction of the Company, of CHESS Depositary Interests (CDIs)
|
964,491,759 |
98.93 |
10,409,450 |
1.07 |
974,901,209 |
681,548 |
|
25. To permit the Company to enter into a contingent purchase contract between the Company and UBS AG London Branch (UBS) for the purchase by UBS, at the direction of the Company, of CHESS Depositary Interests (CDIs)
|
964,469,863 |
98.93 |
10,418,695 |
1.07 |
974,888,558 |
692,315 |
|
26. To authorise the Company to make political donations and incur political expenditure
|
914,060,546 |
93.74 |
61,025,979 |
6.26 |
975,086,525 |
478,320 |
Votes 'For' and 'Against' are expressed as a percentage of the total votes received.
A 'Vote withheld' is not treated as a vote in law and would not be counted in the calculation of the proportion of the votes cast 'For' or 'Against' a resolution.
The current issued share capital of the Company consists of 1,297,630,154 ordinary shares of 10 pence, carrying one vote each.
In accordance with the Listing Rule 9.6.2 copies of all resolutions other than resolutions concerning ordinary business passed at the 2024 AGM will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Announcement authorised for release by Lorna McMillan, Group Company Secretary.
For further information, please contact:
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Investors and Analysts |
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|
Richard Smith |
07483 399303 |
|
Head of Investor Relations & Sustainability |
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Company Secretary |
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Lorna McMillan |
07834 585 436 |
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Group Company Secretary |
lorna.mcmillan@virginmoney.com |
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Media Relations |
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Press Office |
0800 066 5998 |
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press.office@virginmoney.com |