REG-Redde Northgate Plc: Result of AGM

Redde NorthgateAnnouncement

28/10/2020 15:40

Redde Northgate plc

Proxy voting results for the AGM held on 28 October 2020

 At the Annual General Meeting of Redde Northgate plc (the "Group") held at 10.30am on 28 October 2020 the total number of votes received on each resolution were as follows:                                                                                                             
 Resolutions                                                                                                                                                 Votes  For   % of Votes  Votes Against  % of Votes  Total  Votes  Votes cast as % of Issued Share Capital  Votes Withheld    
 1       To receive the Directors' Report and audited accounts of the Company for the year ended 30 April 2020 (Annual Report and Accounts)                  194,580,684        99.99         28,289        0.01 195,313,257                                      79.37         704,284   
 2       To declare a final dividend of 6.8 pence per ordinary share payable to the shareholders on the register (see notice)                                195,313,146       100.00            112           0 195,313,258                                      79.37               0   
 3*      To approve the Directors' Remuneration Report in the form set out on pages 56-77 of the Annual Report and Accounts (see notice)                     105,064,074        53.83     90,097,583       46.17 195,185,948                                      79.31          24,291   
 4*      To approve the Directors' Remuneration Policy in the form set out on pages 59-67 of the Directors' Remuneration Report (see notice)                 115,101,869        58.98     80,054,014       41.02 195,185,948                                      79.31          30,065   
 5       To appoint PricewaterhouseCoopers LLP as auditor of the Company to hold office until the conclusion of the next Annual General Meeting              194,248,546        99.47      1,043,127        0.53 195,313,257                                      79.37          21,584   
 6       To authorise the Audit and Risk Committee, for and on behalf of the Board, to determine the remuneration of the auditor                             194,779,422        99.74        511,081        0.26 195,313,257                                      79.37          22,754   
 7       To re-elect Avril Palmer-Baunack as a director                                                                                                      194,179,359        99.43      1,107,832        0.57 195,313,257                                      79.37          26,066   
 8       To re-elect Mark Butcher as a director                                                                                                              194,611,968        99.66        673,724        0.34 195,313,258                                      79.37          27,566   
 9       To re-elect John Pattullo as a director                                                                                                             184,665,777        94.56     10,619,915        5.44 195,313,258                                      79.37          27,566   
 10      To re-elect Philip Vincent as a director                                                                                                            193,992,631        99.34      1,293,061        0.66 195,313,258                                      79.37          27,566   
 11      To elect Martin Ward as a director                                                                                                                  194,908,821        99.81        377,880        0.19 195,313,258                                      79.37          27,557   
 12      To elect John Davies as a director                                                                                                                  190,985,521        97.80      4,297,003        2.20 195,313,258                                      79.37          30,734   
 13      To elect Mark McCafferty as a director                                                                                                              195,013,864        99.87        259,160        0.13 195,313,258                                      79.37          40,234   
 14      That the Board be authorised to allot shares in the Company up to an aggregate nominal amount of 40,974,221 GBP (see notice)                        194,067,395        99.38      1,210,475        0.62 195,313,258                                      79.37          35,388   
 15      That subject to the passing of Resolution 14, the Board be authorised to allot equity securities for cash (see notice)                              195,110,704        99.98         31,570        0.02 195,185,949                                      79.31          43,675   
 16      That subject to the passing of Resolution 14, the Board be authorised to allot equity securities for cash and/or sell ordinary shares (see notice)  194,689,847        99.70        586,468        0.30 195,313,257                                      79.37          36,942   
 17      That a general meeting, other than an Annual General Meeting, may be called on not less than 14 clear days’ notice                                  192,752,155        98.70      2,532,484        1.30 195,313,258                                      79.37          28,619   
 18      That the Company be authorised to make market purchases of ordinary shares of 50p each (see notice)                                                 194,580,033        99.71        556,903        0.29 195,313,257                                      79.37         176,321   
 19      That the all employee Share Save Scheme be approved (see notice)                                                                                    195,143,555        99.99         18,756        0.01 195,185,949                                      79.31          23,638   

Notes:

1.     Any proxy appointments which gave discretion to the Chairman have
been included in the "for" total.

2.     The Group's issued capital (excluding treasury shares) at the date
of the meeting was 246,091,423 ordinary shares of 50p each and 1,000,000
preference shares of 50 pence each which do not carry voting rights on the
above resolutions.  Each ordinary share carried the right to one vote and,
therefore, at the date of the meeting there were 246,091,423 voting rights in
the Group.

3.     A "vote withheld" is not a vote in law and is not counted in the
calculation of the proportion of the votes "for" and "against" a resolution.

*         The company notes the results in respect these resolutions
and will consult with shareholders to understand the specific issues and
address any outstanding matters.

For further information, please contact:

Redde Northgate
plc                                                                                   

Nicholas Tilley, Company Secretary                             
  44 (0)3445 170095



Copyright (c) 2020 PR Newswire Association,LLC. All Rights Reserved