Information  X 
Enter a valid email address

Paragon Banking Grp (PAG)

  Print      Mail a friend       Annual reports

Thursday 14 February, 2019

Paragon Banking Grp

Result of AGM

RNS Number : 0243Q
Paragon Banking Group PLC
14 February 2019
 

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 Jefferies International Limited, Vintners Place, 68 Upper Thames Street, London, EC4V 3BJ.

 

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 2018, the Strategic Report and the Reports of the Directors and the Auditors.

 

204,257,955

99.99

25,364

0.01

204,283,319

78.29

136,832

2. To consider and approve the Directors' Remuneration Report for the year ended 30 September 2018.

 

170,875,932

86.36

26,986,282

13.64

197,862,214

75.83

6,557,937

3. To declare a final dividend of 13.9p per ordinary share.

 

204,419,111

100.00

0

0.00

204,419,111

78.34

1,040

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

 

196,471,808

99.17

1,638,627

0.83

198,110,435

75.92

6,309,716

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

 

203,356,976

99.48

1,062,860

0.52

204,419,836

78.34

315

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

 

202,795,416

99.21

1,622,794

0.79

204,418,210

78.34

1,941

7. To reappoint as a director of the Company John Heron.

 

202,762,561

99.19

1,657,275

0.81

204,419,836

78.34

315

8. To reappoint as a director of the Company Peter Hartill.

 

203,501,845

99.56

906,628

0.44

204,408,473

78.34

11,678

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

 

202,302,456

99.43

1,165,326

0.57

203,467,782

77.98

952,369

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

 

203,437,544

99.52

982,407

0.48

204,419,951

78.34

200

11. To reappoint as a director of the Company Finlay Williamson.

 

203,734,854

99.67

684,057

0.33

204,418,911

78.34

1,240

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

 

203,735,894

99.67

684,057

0.33

204,419,951

78.34

200

13. To reappoint KPMG LLP as auditors of the Company.

 

204,417,292

100.00

446

0.00

204,417,738

78.34

2,413

14. To authorise the directors to fix the remuneration of the auditors.

 

204,418,458

100.00

200

0.00

204,418,658

78.34

1,493

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

 

204,382,850

99.99

14,255

0.01

204,397,105

78.33

23,046

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

 

204,379,372

99.98

38,813

0.02

204,418,185

78.34

1,966

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

 

185,350,142

90.67

19,068,040

9.33

204,418,182

78.34

1,969

18. THAT the Company be authorised to make market purchases.

 

203,354,532

99.85

310,755

0.15

203,665,287

78.05

754,864

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.

 

204,108,096

99.85

310,453

0.15

204,418,549

78.34

1,602

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

 

204,061,412

99.84

334,396

0.16

204,395,808

78.33

24,343

21. THAT, the rules of the Paragon Sharesave Plan 2019 and the principal terms be approved.

203,864,125

99.73

552,750

0.27

204,416,875

78.34

3,276

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

 

199,049,988

97.37

5,368,310

2.63

204,418,298

78.34

1,853

 

Notes:

 

(a)       The votes "For" include those votes giving the Chairman discretion.

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

(c)       For resolutions 13 and 14 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 260,930,767.  This is the figure as at 12 February 2019 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) and Resolutions 19 and 21 were ordinary resolutions.  Resolutions 16, 17, 18, 20 and 22 were special resolutions.

 

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 National Storage Mechanism at www.morningstar.co.uk/uk/NSM and at the Company's website, www.paragonbankinggroup.co.uk.

 

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 15 - 22) will shortly be available for inspection at the National Storage Mechanism at www.morningstar.co.uk/uk/NSM.

 

Enquiries:

 

Pandora Sharp, Company Secretary

0121 712 2075


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
RAGCKQDPCBKKABD

a d v e r t i s e m e n t