REG - Paragon Banking Grp - Result of AGM

Paragon BankingAnnouncement

14/02/2019 10:00

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




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