Non-Standard Finance PLC Result of AGM (6249E)

TIDMNSF

RNS Number : 6249E

Non-Standard Finance PLC

09 May 2017

Non-Standard Finance plc

("Non-Standard Finance," "NSF", the "Company" or the "Group")

Result of Annual General Meeting

9 May 2017

Non-Standard Finance is pleased to announce that all resolutions proposed at the Company's Annual General Meeting, held at 11.00 am today, were duly approved by shareholders. The resolutions and voting outcomes are set out below:

 
                                            IN FAVOUR                AGAINST            VOTES 
                                                                                       WITHHELD 
                                     -----------------------  --------------------- 
                                        Number      % Voting    Number     % Voting     Number 
                                           of        Shares        of       Shares     of Shares 
                                         Shares                  Shares 
                                     ------------  ---------  ----------  ---------  ----------- 
 RESOLUTION 
-----------------------------------  ------------  ---------  ----------  ---------  ----------- 
 1.    Report and Accounts            264,736,814     100.00           0       0.00            0 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
 2.    Remuneration Report            264,148,890      99.78     587,924       0.22            0 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
 3.    Remuneration Policy            255,868,233      96.65   8,855,442       3.35       13,139 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
 4.    Final Dividend                 264,736,814     100.00           0       0.00            0 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
 5.    Long-term Incentive            256,360,039      96.84   8,363,636       3.16       13,139 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
 6.    Sharesave Plan                 264,668,052      99.97      68,762       0.03            0 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
       Elect John Van 
 7.     Kuffeler                      264,136,237      99.77     600,577       0.23            0 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
       Elect Nicholas 
 8.     Teunon                        264,136,237      99.77     600,577       0.23            0 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
 9.    Elect Miles Cresswell-Turner   264,136,237      99.77     600,577       0.23            0 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
       Elect Charles 
 10.    Gregson                       210,297,636      99.37   1,343,543       0.63   53,095,635 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
       Elect Heather 
 11.    McGregor                      264,736,814     100.00           0       0.00            0 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
 12.   Re-appoint Auditor             256,372,678     100.00         500       0.00    8,363,636 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
       Remuneration of 
 13.    Auditor                       264,736,314     100.00         500       0.00            0 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
       Allot Shares in 
 14.    Company                       264,026,980      99.74     696,695       0.26       13,139 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
       Disapply pre-emption 
        rights (Special 
 15.    Resolution)                   264,723,675     100.00           0       0.00       13,139 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
       Disapply pre-emption 
        rights in relation 
        to acquisitions 
        and specified 
        capital investments 
 16.    (Special Resolution)          256,360,039      96.84   8,363,636       3.16       13,139 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
       Authority for 
        company to purchase 
        its own shares 
 17.    (Special Resolution)          256,360,039      96.84   8,363,636       3.16       13,139 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
       Notice for a general 
        meeting (Special 
 18.    Resolution)                   264,533,825      99.92     202,989       0.08            0 
----  -----------------------------  ------------  ---------  ----------  ---------  ----------- 
 
 
 Notes: 
 1. Percentage of voting shares is the percentage 
  of shares voted and excludes shares on which votes 
  were withheld 
 2. Total number of shares voted = 264,736,814 
 3. Total number of shares in issue = 317,049,682 
 

For more information:

 
 Non-Standard Finance plc 
  Peter Reynolds, Director, IR and      [phone] 
  Communications                                   9026 
 
   Bell Pottinger 
   Dan de Belder 
   Aarti Iyer                           [phone] 
   Molly Stewart                                   2500 
 

About Non-Standard Finance

Non-Standard Finance plc is listed on the main market of the London Stock Exchange (ticker: NSF) and was established in 2014 to acquire and grow businesses in the UK's non-standard consumer finance sector. Under the direction of its highly experienced main board, the Company has acquired a sustainable group of businesses offering credit to the c.10-12 million UK adults who are not served by (or choose not to use) mainstream financial institutions. Its three business areas are: unsecured branch-based loans, home-collected credit and guaranteed loans. Each business now has access to increased levels of funding and has benefited from stronger management controls; has refined its product pricing in a number of areas; has introduced new compliance protocols; and is investing in new IT infrastructure and systems. These changes have been implemented to balance the delivery of improved customer outcomes with the generation of substantial returns for shareholders. In the year ended 31 December 2016, the Group generated reported revenue of GBP72.6m; pro forma normalised revenue of GBP94.7m; reported operating loss of GBP5.2m and pro forma normalised operating profit, before temporary agent commission, of GBP20.5m. As at 31 December 2016, the Group had a combined loan book of GBP165m (before fair value adjustments). For more information see www.nonstandardfinance.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGEAFSNELXXEFF

(END) Dow Jones Newswires

May 09, 2017 07:50 ET (11:50 GMT)