REG - Virgin Money UK PLC Clydesdale Bank PLC - Result of AGM

Virgin Money UKAnnouncement

01/03/2024 11:45

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RNS Number : 2918F  Virgin Money UK PLC  01 March 2024

 

Virgin Money UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

1 March 2024

Result of the Annual General Meeting 2024

 

Following the Annual General Meeting 2024 (2024 AGM) held today, 1 March 2024,
the Company announces that all resolutions put to shareholders at the meeting
were passed by the required majorities. A poll was held on each of the
resolutions proposed the results of which are as follows:

 

 Resolution                                                                       For                      Against                  Total         Withheld
                                                                                  No. of Votes  % of Vote  No. of Votes  % of Vote  No. of Votes  No. of Votes
 1. To receive the reports of the Directors and auditors and the audited          961,473,624   99.98      172,313       0.02       961,645,937   14,007,015
 financial statements of the Company for the year ended 30 September 2023

 2. To approve the Directors' remuneration report as set out in the Company's     946,316,042   97.57      23,574,446    2.43       969,890,488   5,784,851
 Annual Report and Accounts for the year ended 30 September 2023

 3. To declare a final dividend of 2p per ordinary share in the Company in        975,221,492   99.97      265,223       0.03       975,486,715   189,275
 respect of the year ended 30 September 2023

 4. To re-elect Clifford Abrahams as a Director of the Company                    953,908,211   97.81      21,328,389    2.19       975,236,600   434,082

 5. To re-elect David Bennett as a Director of the Company                        947,624,100   98.02      19,121,461    1.98       966,745,561   8,925,382

 6. To elect Lucinda Charles-Jones as a Director of the Company                   974,101,239   99.90      987,159       0.10       975,088,398   582,338

 7. To re-elect David Duffy as a Director of the Company                          974,140,865   99.90      998,539       0.10       975,139,404   532,743

 8. To re-elect Geeta Gopalan as a Director of the Company                        959,426,010   98.38      15,806,493    1.62       975,232,503   439,644

 9. To re-elect Elena Novokreshchenova as a Director of the Company               965,057,664   98.96      10,168,546    1.04       975,226,210   445,942

 10. To re-elect Darren Pope as a Director of the Company                         964,953,298   98.95      10,247,274    1.05       975,200,572   464,059

 11. To re-elect Tim Wade as a Director of the Company                            965,139,973   98.97      10,072,266    1.03       975,212,239   460,268

 12. To re-elect Sara Weller CBE as a Director of the Company                     952,772,867   97.70      22,448,519    2.30       975,221,386   450,176

 13. To appoint PricewaterhouseCoopers LLP as auditors of the Company             965,957,858   99.05      9,287,087     0.95       975,244,945   428,597

 14. To authorise the Audit Committee to determine the remuneration of the        974,865,975   99.95      532,784       0.05       975,398,759   275,097
 auditors

 15. To authorise the Directors to allot shares                                   906,811,546   92.98      68,447,534    7.02       975,259,080   413,224

 16. To authorise the Directors to disapply statutory pre-emption rights in       920,448,241   94.39      54,742,078    5.61       975,190,319   480,459
 respect of 5% of the Company's issued share capital

 17. To authorise the Directors to disapply statutory pre-emption rights in       911,335,914   93.45      63,827,597    6.55       975,163,511   489,639
 respect of an additional 5% of the Company's issued share capital

 18. To authorise the Directors to allot equity securities in connection with     964,145,909   98.90      10,725,942    1.10       974,871,851   797,635
 AT1 Securities

 19. To authorise the Directors to disapply statutory pre-emption rights in       964,612,038   98.94      10,314,009    1.06       974,926,047   744,085
 respect of any issue of further AT1 Securities

 20. To permit the Company to purchase its own shares                             964,415,778   98.90      10,771,420    1.10       975,187,198   476,619

 21. To permit the Company to enter into a contingent purchase contract between   964,606,562   98.93      10,392,693    1.07       974,999,255   651,469
 the Company and Citigroup Global Markets Australia Pty Limited (Citi) for the
 purchase by Citi, at the direction of the Company, of CHESS Depositary
 Interests (CDIs)

 22. To permit the Company to enter into a contingent purchase contract between   964,573,141   98.93      10,414,417    1.07       974,987,558   681,156
 the Company and Goldman Sachs International (Goldman Sachs) for the purchase
 by Goldman Sachs, at the direction of the Company, of CHESS Depositary
 Interests (CDIs)

 23. To permit the Company to enter into a contingent purchase contract between   964,497,310   98.92      10,490,608    1.08       974,987,918   684,178
 the Company and J.P. Morgan Securities Australia Limited (J.P. Morgan) for the
 purchase by J.P. Morgan, at the direction of the Company, of CHESS Depositary
 Interests (CDIs)

 24. To permit the Company to enter into a contingent purchase contract between   964,491,759   98.93      10,409,450    1.07       974,901,209   681,548
 the Company and Morgan Stanley Australia Securities Limited (Morgan Stanley)
 for the purchase by Morgan Stanley, at the direction of the Company, of CHESS
 Depositary Interests (CDIs)

 25. To permit the Company to enter into a contingent purchase contract between   964,469,863   98.93      10,418,695    1.07       974,888,558   692,315
 the Company and UBS AG London Branch (UBS) for the purchase by UBS, at the
 direction of the Company, of CHESS Depositary Interests (CDIs)

 26. To authorise the Company to make political donations and incur political     914,060,546   93.74      61,025,979    6.26       975,086,525   478,320
 expenditure

Votes 'For' and 'Against' are expressed as a percentage of the total votes
received.

A 'Vote withheld' is not treated as a vote in law and would not be counted in
the calculation of the proportion of the votes cast 'For' or 'Against' a
resolution.

The current issued share capital of the Company consists of 1,297,630,154
ordinary shares of 10 pence, carrying one vote each.

In accordance with the Listing Rule 9.6.2 copies of all resolutions other than
resolutions concerning ordinary business passed at the 2024 AGM will be
submitted to the National Storage Mechanism and will shortly be available for
inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Announcement authorised for release by Lorna McMillan, Group Company
Secretary.

For further information, please contact:

 

 Investors and Analysts
 Richard Smith                                    07483 (tel:02032162665) 399303
 Head of Investor Relations & Sustainability      richard.smith@virginmoney.com

 Company Secretary
 Lorna McMillan                                   07834 585 436
 Group Company Secretary                          lorna.mcmillan@virginmoney.com

 Media Relations
 Press Office                                     0800 066 5998
                                                  press.office@virginmoney.com

 

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