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ONESAVINGS BANK PLC (OSB)

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Thursday 09 May, 2019

ONESAVINGS BANK PLC

OneSavings Bank plc : Result of AGM

OneSavings Bank plc : Result of AGM

9 May 2019

OneSavings Bank plc

(the 'Company')

Results of Annual General Meeting (AGM)

Results of AGM

Results of the proxy voting for the 2019 AGM held on Thursday, 9 May 2019.

All resolutions were passed by the requisite majority on a poll; resolutions 1 to 9 as ordinary resolutions and resolutions 10 to 14 as special resolutions.

The following proxy votes were cast in respect of the AGM resolutions:

Ordinary ResolutionsTotal votes For%Total votes Against%Total votes cast % of issued share capitalVotes withheld
      1 To receive the Report and Accounts 202,506,602 99.99 16,379 0.01 202,522,981 82.61% 287,136
      2 To approve the Remuneration Report 184,483,824 91.42 17,322,608 8.58 201,806,432 82.32% 1,003,684
      3 To declare a dividend 202,810,118 100.00 0 0.00 202,810,118 82.73% 0
      4(a) To elect Sarah Hedger 202,804,521 100.00 2,742 0.00 202,807,263 82.73% 2,855
      4(b) To re-elect John Graham Allatt 202,803,833 100.00 3,430 0.00 202,807,263 82.73% 2,855
      4(c) To re-elect Eric Anstee 202,800,830 100.00 1,473 0.00 202,802,303 82.72% 7,815
      4(d) To re-elect Rodney Duke 193,388,421 95.36 9,418,842 4.64 202,807,263 82.73% 2,855
      4(e) To re-elect Margaret Hassall 202,804,286 100.00 2,977 0.00 202,807,263 82.73% 2,855
      4(f) To re-elect Mary McNamara 185,527,886 91.49 17,257,026 8.51 202,784,912 82.72% 25,205
      4(g) To elect David Weymouth 192,646,212 95.00 10,147,873 5.00 202,794,085 82.72% 16,033
      4(h) To re-elect Andrew Golding 202,254,286 100.00 2,977 0.00 202,257,263 82.50% 552,855
      4(i) To re-elect April Talintyre 201,338,661 99.43 1,148,256 0.57 202,486,917 82.60% 323,201
      5 To appoint Deloitte LLP as Auditor 202,783,106 99.99 24,157 0.01 202,807,263 82.73% 2,855
      6 To give authority to the Audit Committee to agree the Auditor's remuneration 202,805,630 100.00 3,488 0.00 202,809,118 82.73% 1,000
      7 To give authority to allot shares (general authority) 199,787,641 98.51 3,019,622 1.49 202,807,263 82.73% 2,855
      8 To give authority to allot shares - Regulatory Capital Convertible Instruments 201,959,165 99.58 848,097 0.42 202,807,262 82.73% 2,855
      9 To give authority to make political donations 193,071,382 95.20 9,738,136 4.80 202,809,518 82.73% 600
Special Resolutions
      10 To give authority to disapply pre-emption rights 202,782,246 99.99 25,017 0.01 202,807,263 82.73% 2,855
      11 To give authority to disapply pre-emption rights (acquisitions and specified capital investments) 196,946,383 97.11 5,860,879 2.89 202,807,262 82.73% 2,855
      12 To give authority to disapply pre-emption rights - Regulatory Capital Convertible Instruments 201,934,061 99.57 873,201 0.43 202,807,262 82.73% 2,855
      13 To give authority to re-purchase shares 201,976,333 99.61 798,838 0.39 202,775,171 82.71% 34,946
      14 To authorise the convening of a general meeting other than an AGM on not less than 14 clear days' notice 199,008,011 98.13 3,802,107 1.87 202,810,118 82.73% 0

NOTES:
1. 'Total Votes For' include votes recorded as at the discretion of the appointed proxy.
2. The 'vote withheld' option was provided to enable shareholders to refrain from voting on any particular resolution. A vote withheld is not a vote in law and has not been counted in the calculation of the proportion of the vote 'For' and 'Against' a resolution.
3. At the date of the AGM the issued share capital of the Company was 245,155,033 ordinary shares.
4. The full text of the resolutions is detailed in the Notice of Meeting to be found on the Company website www.osb.co.uk

Copies of the special business resolutions passed at the AGM have been submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority's National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/NSM

The announcement date for the trading update date will be aligned with the publication of the OSB circular and prospectus relating to the proposed combination with Charter Court Financial Services Group plc.

Enquiries:

OneSavings Bank plc

Nickesha Graham-Burrell

Head of Company Secretariat

t: 01634 835 796

Brunswick Group

Robin Wrench/Simone Selzer

t: 020 7404 5959

About OneSavings Bank plc

OneSavings Bank plc began trading as a bank on 1 February 2011 and was admitted to the main market of the London Stock Exchange in June 2014 (OSB.L). OSB joined the FTSE 250 index in June 2015. OSB is a specialist lending and retail savings group authorised by the Prudential Regulation Authority, part of the Bank of England, and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

OSB primarily targets market sub-sectors that offer high growth potential and attractive risk-adjusted returns in which it can take a leading position and where it has established expertise, platforms and capabilities. These include private rented sector Buy-to-Let, commercial and semi-commercial mortgages, residential development finance, bespoke and specialist residential lending, secured funding lines and asset finance. OSB originates organically through specialist brokers and independent financial advisers. It is differentiated through its use of high skilled, bespoke underwriting and efficient operating model.

OSB is predominantly funded by retail savings originated through the long-established Kent Reliance name, which includes online and postal channels, as well as a network of branches in the South East of England. Diversification of funding is currently provided by access to a securitisation programme and the Term Funding Scheme.




This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: OneSavings Bank plc via Globenewswire


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