Result of AGM

RNS Number : 3965D
Paragon Banking Group PLC
02 March 2022
 

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 UBS AG London Branch, 5 Broadgate, London, EC2M 2QS.  Shareholders were also able to fully participate in the AGM remotely via a live webcast. 

 

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 2021, the Strategic Report and the Reports of the Directors and the Auditor.

 

190,913,699

100.00%

8,579

0.00%

190,922,278

77.21%

344,581

2. To consider and approve the Directors' Remuneration Report for the year ended 30 September 2021, excluding the Directors' Remuneration Policy.

 

186,403,903

97.48%

4,825,862

2.52%

191,229,765

77.33%

39,027

3. To declare a final dividend of 18.9 pence per ordinary share payable to holders of ordinary shares registered at the close of business on 28 January 2022.

 

191,266,344

100.00%

1,499

0.00%

191,267,843

77.35%

949

4. To reappoint Fiona Clutterbuck as a director of the Company.

 

168,654,541

98.39%

2,752,249

1.61%

171,406,790

69.32%

19,862,002

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

 

191,067,003

99.90%

195,585

0.10%

191,262,588

77.35%

6,204

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

 

190,426,350

99.56%

836,238

0.44%

191,262,588

77.35%

6,204

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

 

191,253,986

100.00%

8,602

0.00%

191,262,588

77.35%

6,204

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

 

191,079,689

99.90%

182,855

0.10%

191,262,544

77.35%

6,248

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

 

190,996,547

99.86%

265,997

0.14%

191,262,544

77.35%

6,248

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

189,568,081

99.78%

418,636

0.22%

189,986,717

76.83%

1,282,075

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

190,996,791

99.86%

265,797

0.14%

191,262,588

77.35%

6,204

12. 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.

 

191,219,795

99.98%

47,094

0.02%

191,266,889

77.35%

1,903

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

 

190,993,139

99.86%

272,803

0.14%

191,265,942

77.35%

2,850

14. To authorise political donations and political expenditure.

190,350,901

99.52%

909,657

0.48%

191,260,558

77.34%

8,234

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

 

190,392,842

99.55%

863,558

0.45%

191,256,400

77.34%

12,392

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

 

191,169,250

99.95%

86,650

0.05%

191,255,900

77.34%

12,892

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

 

176,571,306

92.32%

14,688,166

7.68%

191,259,472

77.34%

9,320

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

 

190,911,135

99.95%

90,121

0.05%

191,001,256

77.24%

267,536

19. 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.

 

191,203,904

99.97%

55,378

0.03%

191,259,282

77.34%

9,510

20. THAT, the Board be authorised to disapply pre-emption rights in relation to the issue of Additional Tier 1 Securities.

 

191,165,854

99.95%

93,428

0.05%

191,259,282

77.34%

9,510

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

 

187,676,958

98.12%

3,590,875

1.88%

191,267,833

77.35%

949

 

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, 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 14 - 21) will shortly be available for inspection at the National Storage Mechanism, https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

Enquiries:

 

Carolyn Sharpe - Senior Assistant Company Secretary

07984 810427

 

2 March 2022

 

 

 

 

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, 3 and 7 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 247,283,675.  This is the figure as at 28 February 2022 and excludes the number of ordinary shares held in treasury on the Register of Members as at that date.

(e)  Resolutions 1 to 15 (inclusive) were ordinary resolutions.  Resolutions 16 to 21 (inclusive) were special resolutions.

 

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