REG - Paragon Grp Co PLC - Result of AGM <Origin Href="QuoteRef">PARA.L</Origin>

Paragon BankingAnnouncement

09/02/2017 16:15

RNS Number : 5376W
Paragon Group Of Companies PLC
09 February 2017
The Paragon Group of Companies PLC:
Result of Annual General Meeting
The Annual General Meeting ("AGM") of The Paragon Group of Companies PLC 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 2016, the Strategic Report and the Reports of the Directors and the Auditors.
198,542,356 
97.40
 5,294,551 
2.60
203,836,907 
73.59
 1,403,082 
2. To consider and approve the Directors' Remuneration Report for the year ended 30 September 2016, excluding the Directors' Remuneration Policy.
202,523,512 
99.13
 1,772,831 
0.87
204,296,343 
73.75
 943,646 
3. To consider and approve the Directors' Remuneration Policy, to take effect from the date of this AGM.
195,090,537 
95.06
10,145,210 
4.94
205,235,747 
74.09
 4,242 
4. To declare a final dividend of 9.2p per share.
205,234,408 
100.00
 4,581 
0.00
205,238,989 
74.10
 1,000 
5. To reappoint as a director of the Company Mr R G Dench.
196,003,873 
96.15
 7,844,152 
3.85
203,848,025 
73.59
 1,391,964 
6. To reappoint as a director of the Company Mr N S Terrington.
194,839,883 
94.93
10,397,353 
5.07
205,237,236 
74.09
 2,753 
7. To reappoint as a director of the Company Mr R J Woodman.
202,476,925 
98.66
 2,760,311 
1.34
205,237,236 
74.09
 2,753 
8. To reappoint as a director of the Company Mr J A Heron.
202,467,934 
98.65
 2,768,262 
1.35
205,236,196 
74.09
 3,793 
9. To reappoint as a director of the Company Mr A K Fletcher.
200,194,597 
97.54
 5,042,754 
2.46
205,237,351 
74.09
 2,638 
10. To reappoint as a director of the Company Mr P J N Hartill.
204,779,933 
99.78
 458,016 
0.22
205,237,949 
74.09
 2,040 
11. To reappoint as a director of the Company Ms F J Clutterbuck.
204,939,627 
99.85
 299,362 
0.15
205,238,989 
74.10
 1,000 
12. To reappoint as a director of the Company Mr H R Tudor.
203,600,163 
99.20
 1,638,826 
0.80
205,238,989 
74.10
 1,000 
13. To reappoint KPMG LLP as auditors.
205,231,504 
100.00
 6,985 
0.00
205,238,489 
74.10
 1,500 
14. To authorise the directors to fix the remuneration of the auditors.
205,182,245 
99.97
 56,642 
0.03
205,238,887 
74.10
 1,102 
15. THAT the amendments to the rules of the Paragon Performance Share Plan 2013 be approved and the Board be authorised to adopt those amendments.
205,129,910 
99.97
 65,363 
0.03
205,195,273 
74.08
 44,716 
16. THAT the Board is generally and unconditionally authorised to allot shares in the Company.
203,519,541 
99.16
 1,718,833 
0.84
205,238,374 
74.10
 1,615 
17. THAT, the Board be authorised to disapply pre-emption rights on up to five percent of the issued share capital (excluding treasury shares).
205,162,918 
99.97
 67,298 
0.03
205,230,216 
74.09
 9,773 
18. THAT, the Board be authorised to disapply pre-emption rights on an additional five percent of the issued share capital (excluding treasury shares).
183,664,823 
89.49
21,564,093 
10.51
205,228,916 
74.09
 11,073 
19. THAT the Company is generally and unconditionally authorised to make market purchases.
203,570,555 
99.20
 1,645,224 
0.80
205,215,779 
74.09
 24,210 
20. 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.
203,930,361 
99.37
 1,301,955 
0.63
205,232,316 
74.09
 7,673 
21. THAT, the Board be authorised to disapply pre-emption rights in relation to the issue of Additional Tier 1 Securities.
203,875,992 
99.34
 1,357,260 
0.66
205,233,252 
74.09
 6,737 
22. THAT a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice.
199,829,546 
97.36
 5,408,296 
2.64
205,237,842 
74.09
 2,147 
23. THAT Paragon Bank PLC be authorised to remove the ratio to the fixed and variable components of remuneration for those individuals classified as Material Risk Takers.
202,600,894 
98.73
 2,608,139 
1.27
205,209,033 
74.08
 30,956 
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) The issued share capital figure used to calculate the percentage voted is 276,993,241. This is the figure as at 7 February 2017 and excludes the number of ordinary shares held in treasury on the Register of Members as at that date.
(d) Resolutions 1 to 16 (inclusive) and 20 were ordinary resolutions. Resolutions 17, 18, 19, 21 and 22 were special resolutions and resolution 23 was a 'shareholders' resolution. Resolution 23 was subject to special procedural rules. Shares representing (in person or by proxy) more than 50% of the total voting rights were cast at the AGM and in this circumstances the resolution required 66% or more of the represented shareholders voting in favour.
In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed at the meeting concerning special business 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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