Result of AGM

RNS Number : 7497Z
Provident Financial PLC
21 May 2019
 

 

AGM Resolutions

 

At the company's annual general meeting held at Clifford Chance's offices in London, on 21 May 2019, Resolutions 1 to 19 were passed on a show of hands. 

 

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 be shortly available for inspection at www.morningstar.co.uk/uk/NSM.

 

A summary of the proxies cast in respect of each resolution is set out below.

 

Name of contact and telephone number for queries:

 

Charley Davies

Company Secretary

Tel:  0203 620 3689 extension 3689

ANNUAL GENERAL MEETING - 21 MAY 2019

Summary of proxy cards returned

 


IN FAVOUR

AT PROXY'S DISCRETION

AGAINST

WITHHELD


Number of

Shares

Number of

Holders

% voting shares

Number of shares

Number of

Holders

% voting shares

Number of

shares

Number of

Holders

% voting shares

Number of shares

Number of holders

% total shares voted and withheld

RESOLUTION













1. 

Directors' and auditor's reports and the financial statements

155,471,091

349

99.95

65,850

49

0.04

7,579

6

0.01

160,068

7

0.10

2. 

Approval of the Remuneration Policy

152,700,629

289

98.08

66,739

49

0.04

2,921,610

64

1.88

11,541

13

0.00

3. 

Approval of the annual statement by the chairman of the remuneration committee and the annual report on remuneration

122,544,519

234

79.58

73,005

47

0.05

31,366,266

135

20.37

1,716,728

15

1.11

4. 

That a final dividend of 10.0p per share be declared

155,633,382

356

99.95

63,579

47

0.04

2,795

4

0.01

763

2

0.00

5. 

Re-election of Andrea Blance as a Director

143,034,726

295

91.88

63,730

48

0.04

12,575,056

70

8.08

27,007

12

0.01

6. 

Re-election of Malcolm Le May as a Director

155,582,641

328

99.95

63,730

48

0.04

22,369

25

0.01

31,779

13

0.02

7. 

Election of Elizabeth Chambers as a Director

155,584,678

329

99.95

63,730

48

0.04

21,332

22

0.01

30,779

14

0.02

8. 

Election of Paul Hewitt as a Director

155,584,674

328

99.95

64,413

49

0.04

18,921

22

0.01

32,511

14

0.02

9. 

Election of Angela Knight as a Director

155,602,557

327

99.95

63,730

48

0.04

17,653

24

0.01

16,579

13

0.01

10.       

Election of Patrick Snowball as a Director

153,596,977

328

98.66

63,730

48

0.04

2,022,997

27

1.3

16,815

13

0.01

11.       

Election of Simon Thomas as a Director

155,582,776

328

99.94

65,050

49

0.04

35,434

24

0.02

17,259

14

0.01

12.       

Reappointment of Deloitte LLP as the Auditor of the Company

151,536,053

330

98.41

65,640

52

0.04

2,388,619

31

1.55

1,710,207

14

1.09

13.       

Audit committee to determine the Auditor's Remuneration

153,217,285

335

98.42

67,159

53

0.04

2,403,395

27

1.54

12,680

9

0.00

14.       

Company granted authority to make political donations

155,482,580

277

99.88

64,327

50

0.04

128,188

71

0.08

25,424

18

0.01

15.       

Directors authorised to allot shares

155,269,725

327

99.73

78,705

52

0.05

335,720

22

0.22

16,369

15

0.01

16.       

Company authorised to purchase its own shares

153,855,889

334

98.84

77,582

50

0.05

1,721,374

20

1.11

45,674

11

0.02

17.       

Company authorised to disapply pre-emption rights

155,565,139

320

99.93

78,705

52

0.05

29,910

22

0.02

26,765

20

0.01

18.       

Company authorised to disapply pre-emption rights (in relation to acquisitions and specified capital investments)

149,512,591

315

96.04

81,114

53

0.05

6,081,496

31

3.91

25,318

20

0.01

19.       

Convening of a general meeting on not less than 14 days' notice authorised

152,661,220

326

98.05

83,234

54

0.05

2,951,025

34

1.9

5,040

8

0.00

 

Notes: 

1. Percentage of voting shares is the percentage of shares voted and excludes shares on which votes were withheld

2. Total number of shares voted = 155,704,588

3. Total number of valid proxies returned = 431

4. Total number of shares in issue = 253,378,601

 

We are pleased that all resolutions were passed at the AGM and I would like to thank our shareholders for their continued support. However, the Board recognises the concerns from some shareholders on Resolution 3 - the approval of the Directors' Remuneration Report, which received a 79.58% vote in favour.

 

We acknowledge the concerns that some of our shareholders have expressed in the vote. We carried out a consultation process with large shareholders during 2018 and early 2019 on the proposed changes to our Directors' Remuneration Policy. During 2019, we will continue to consult and engage with our shareholders on the implementation of the Policy, and to understand the reasons behind the voting decisions. An update on the consultation and actions we will take to address shareholders' concerns will be provided in accordance with the 2018 UK Corporate Governance Code within six months of the AGM.


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END
 
 
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