Results of Annual General Meeting

XPS Pensions Group PLC

07 September 2023

 

XPS Pensions Group plc

7 September 2023

XPS Pensions Group plc

Results of Annual General Meeting held on 7 September 2023

XPS Pensions Group plc (the 'Company') announces that at its Annual General Meeting ('AGM') held on 7 September 2023, all the resolutions put to shareholders were passed by the requisite majorities. Resolutions 1 to 14 were passed as ordinary resolutions and Resolutions 15 to 18 were passed as special resolutions. The results of the polls taken on the resolutions, on which Equiniti, the Company's registrar, acted as scrutineer, are as follows:

	Resolutions	Votes For	%	Votes Against	%	Total Votes	% of issued share capital voted
1	Receive Director's Report and Accounts for the year ended 31 March 2023	192,251,054	100.00	0	0.00	192,251,054	92.63%
2	Declare a final dividend of 5.7 pence per ordinary share	189,559,850	98.60	2,691,204	1.40	192,251,054	92.63%
3	Approve Directors' Remuneration Report	162,820,119	84.71	29,399,220	15.29	192,219,339	92.62%
5	Re-elect Alan Bannatyne as a Director	124,260,785	64.64	67,970,799	35.36	192,231,584	92.62%
6	Re-elect Ben Bramhall as a Director	165,635,393	97.60	4,071,774	2.40	169,707,167	81.77%
7	Re-elect Paul Cuff as a Director	165,635,393	97.60	4,071,774	2.40	169,707,167	81.77%
8	Re-elect Aisling Kennedy as a Director	169,687,697	100.00	0	0.00	169,687,697	81.76%
9	Re-elect Sarah Ing as a Director	191,700,897	99.72	530,687	0.28	192,231,584	92.62%
10	Re-elect Snehal Shah as a Director	169,614,984	99.96	72,713	0.04	169,687,697	81.76%
11	Re-elect Margaret Snowdon OBE as a Director	130,210,798	67.73	62,040,256	32.27	192,251,054	92.63%
12	Re-appoint BDO LLP as Auditors	190,547,102	100.00	0	0.00	190,547,102	91.81%
13	Authorise Audit & Risk Committee to fix Auditor's remuneration	192,231,584	100.00	0	0.00	192,231,584	92.62%
14	Authorise the Directors to allot shares	165,399,481	86.04	26,832,103	13.96	192,231,584	92.62%
15	Authorise the disapplication of pre-emption rights	166,901,165	86.94	25,081,719	13.06	191,982,884	92.50%
16	Authorise the additional disapplication of pre-emption rights (acquisitions)	164,493,783	85.57	27,736,201	14.43	192,229,984	92.62%
17	Authorise the   Company to purchase own shares	167,171,350	87.34	24,229,719	12.66	191,401,069	92.22%
18	Authorise the Directors to call general meetings on 14 days' notice	192,055,356	99.91	176,228	0.09	192,231,584	92.62%

As at 12.00pm on Thursday 7 September 2023, the number of issued shares in the Company was 207,544,975 ordinary shares, which was the total number of shares entitling the holders to attend and vote for or against all the resolutions at the AGM. In accordance with the Company's Articles of Association, on a poll every member present in person or by proxy has one vote for every share held.

There were no restrictions on shareholders to cast votes on any of the resolutions proposed at the AGM. Votes withheld are not votes in law and therefore have not been counted in the calculation of the proportion of the votes for or against a resolution.

The Board notes that in respect of resolutions 5 and 11 there was majority support but less than 80% approval. The Company commits to further consultation with shareholders.

Pursuant to UK Listing Rule 9.6.2, copies of all resolutions, other than those concerning ordinary business, passed at the AGM will be submitted to the UK Listing Authority and will be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Full details of the resolutions passed, together with explanatory notes, are set out in the Notice of Annual General Meeting which is available at www.xpsgroup.com.

 

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