Result of AGM

Paragon Banking Group PLC
06 March 2024
 

Paragon Banking Group PLC:

Result of Annual General Meeting

 

The Annual General Meeting ("AGM") of Paragon Banking Group PLC (the "Company") was held today at 9.00am at the offices of Computershare Investor Services PLC, Moor House, 3rd Floor, 120 London Wall, London, EC2Y 5ET.

 

All resolutions were passed on a poll and the polling results for each resolution are set out below:

 

Resolutions

Votes

For

% of Votes Cast For

Votes Against

% of Votes Cast Against

Votes

Total

% of ISC Voted

 Votes
Withheld 

1. To receive and consider the Company's Annual Report and Accounts for the year ended 30 September 2023, the Strategic Report and the Reports of the Directors and the Auditor.

 

175,371,020

100.00%

 7,674

0.00%

175,378,694

81.72%

 253,700

2. To consider and approve the Directors' Remuneration Report for the year ended 30 September 2023, excluding the Directors' Remuneration Policy.

 

166,004,920

95.81%

7,256,290

4.19%

173,261,210

80.73%

 2,371,184

3. To declare a final dividend of 26.4 pence per ordinary share payable to holders of ordinary shares registered at the close of business on 1 February 2024.

 

175,631,800

100.00%

 594

0.00%

175,632,394

81.83%

 -  

4. To appoint Zoe Howorth as a director of the Company.

 

175,619,503

99.99%

 11,835

0.01%

175,631,338

81.83%

 1,056

5. To reappoint Robert East as a director of the Company.

171,579,738

97.69%

4,052,132

2.31%

175,631,870

81.83%

 524

6. To reappoint Nigel Terrington as a director of the Company.

 

175,526,141

99.94%

 105,742

0.06%

175,631,883

81.83%

 511

7. To reappoint Richard Woodman as a director of the Company.

 

172,950,874

98.47%

2,679,537

1.53%

175,630,411

81.83%

 1,942

8. To reappoint Tanvi Davda as a director of the Company.

173,482,980

98.78%

2,148,748

1.22%

175,631,728

81.83%

 666

9. To reappoint Peter Hill as a director of the Company.

 

175,620,546

99.99%

 11,285

0.01%

175,631,831

81.83%

 563

10. To reappoint Alison Morris as a director of the Company.

 

173,279,579

98.66%

2,352,343

1.34%

175,631,922

81.83%

 472

11. To reappoint Barbara Ridpath as a director of the Company.

173,488,285

98.78%

2,143,443

1.22%

175,631,728

81.83%

 666

12. To reappoint Hugo Tudor as a director of the Company.

173,961,386

99.05%

1,670,538

0.95%

175,631,924

81.83%

 470

13. To reappoint Graeme Yorston as a director of the Company.

173,275,682

98.66%

2,356,240

1.34%

175,631,922

81.83%

 472

14. To reappoint KPMG LLP as auditor of the Company, to hold office from the conclusion of this meeting until the conclusion of the next general meeting at which Accounts are laid before the members.

 

175,503,508

99.93%

 120,466

0.07%

175,623,974

81.83%

 8,420

15. To authorise the directors to fix the remuneration of the auditor.

 

175,604,023

99.99%

 23,330

0.01%

175,627,353

81.83%

 5,041

16. To authorise political donations and political expenditure.

172,193,251

99.55%

 785,317

0.45%

172,978,568

80.60%

 2,653,826

17. THAT the Board is generally and unconditionally authorised to allot shares in the Company.

 

173,199,771

98.62%

2,431,937

1.38%

175,631,708

81.83%

 686

18. THAT, subject to the passing of Resolution 17, the Board be authorised to disapply pre-emption rights on up to five percent of the issued share capital (excluding treasury shares).

 

175,539,749

99.95%

 92,102

0.05%

175,631,851

81.83%

 543

19. THAT, subject to the passing of Resolution 17, the Board be authorised to disapply pre-emption rights on an additional five percent of the issued share capital (excluding treasury shares).

 

175,419,804

99.88%

 212,079

0.12%

175,631,883

81.83%

 511

20. THAT the Company is generally and unconditionally authorised to make market purchases.

 

175,350,780

99.98%

 27,099

0.02%

175,377,879

81.71%

 254,515

21. THAT, the Board be authorised to allot shares and grant rights to subscribe for or to convert any security into shares in connection with the issue of Additional Tier 1 Securities.

 

175,373,593

99.86%

 252,322

0.14%

175,625,915

81.83%

 6,479

22. THAT, subject to the passing of Resolution 21, the Board be authorised to disapply pre-emption rights in relation to the issue of Additional Tier 1 Securities.

 

175,441,350

99.89%

 190,533

0.11%

175,631,883

81.83%

 511

23. THAT a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice.

 

171,175,099

97.46%

4,457,074

2.54%

175,632,173

81.83%

 221

 

The full text of all of the resolutions can be found in the Notice of Annual General Meeting which is available for viewing at the Company's website, https://www.paragonbankinggroup.co.uk and at the National Storage Mechanism, https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed at the meeting concerning special business (being resolutions numbered 16 - 23) will shortly be available for inspection at the National Storage Mechanism, https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

Enquiries:

 

Carolyn Sharpe - Deputy Company Secretary

07984 810427

 

6 March 2024

 

 

 

 

Notes:

 

(a)       The votes "For" include those votes giving the Chair of the Board discretion.

(b)       A vote "Withheld" is not counted towards the votes cast "For" or "Against" a resolution.

(c)       For resolutions 1 and 3 as the results are reported to two decimal places the percentage of votes "For" is shown as 100.00% and "Against" as 0.00% as there were insufficient votes lodged "Against" to register.

(d)       The issued share capital figure used to calculate the percentage voted is 214,622,103.  This is the figure as at 4 March 2024 and excludes the number of ordinary shares held in treasury on the Register of Members as at that date.

(e)       Resolutions 1 to 17 (inclusive) were ordinary resolutions.  Resolutions 18 to 23 (inclusive) were special resolutions.

 

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