Alfa Financial Software Hldgs PLC Result of AGM (3059X)

TIDMALFA

RNS Number : 3059X

Alfa Financial Software Hldgs PLC

26 April 2019

26 April 2019

Alfa Financial Software Holdings PLC

("Alfa" or the "Company")

Results of AGM

The results of voting at Alfa's Annual General Meeting, which was held today, are summarised below. All Resolutions were voted by way of a poll and were carried. The votes cast for resolutions 6 and 7 relating to the election of the independent Directors were duly passed by both a majority of the votes cast by the independent shareholders as well as by a majority of votes cast by all shareholders. These votes have been calculated separately and are shown below.

The final voting figures are as follows:

 
                                          For                        Against         Total votes   Vote withheld 
                                                                                            cast 
 Resolution                             No. of votes     % of      No. of     % of        No. of    No. of votes 
                                                        votes       votes    votes         votes 
                                                         cast                 cast 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 1. To receive 
  and adopt the 
  Directors' report 
  and accounts 
  for the year 
  ending 31 December 
  2018                                   270,797,776   100.00           0     0.00   270,797,776      11,916,658 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 2. To approve 
  the Directors' 
  Remuneration 
  Report                                 268,648,401    99.99      33,165     0.01   268,681,566      14,032,868 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 3. To elect Andrew 
  Denton as a Director                   270,784,957    99.98      47,553     0.02   270,832,510      11,881,924 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 4. To elect Vivienne                                      RESOLUTION WITHDRAWN 
  Maclachlan as 
  a Director 
                          -------------------------------------------------------------------------------------- 
 5. To elect Andrew 
  Page as a Director                     269,923,522    99.66     908,988     0.34   270,832,510      11,881,924 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 6. To elect Karen 
  Slatford as a 
  Director                         All   267,597,879    98.81   3,234,631     1.19   270,832,510      11,881,924 
                          ------------  ------------  -------  ----------  -------  ------------  -------------- 
                           Independent    69,952,230    95.58   3,234,631     4.42    73,186,861      11,881,924 
                          ------------  ------------  -------  ----------  -------  ------------  -------------- 
 7. To elect Robin 
  Taylor as a Director             All   270,773,776    99.98      58,734     0.02   270,832,510      11,881,924 
                          ------------  ------------  -------  ----------  -------  ------------  -------------- 
                           Independent    73,128,127    99.92      58,734     0.08    73,186,861      11,881,924 
                          ------------  ------------  -------  ----------  -------  ------------  -------------- 
 8. To re-appoint 
  Deloitte LLP 
  as auditors                            270,832,510   100.00           0     0.00   270,832,510      11,881,924 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 9. To authorise 
  the Audit and 
  Risk Committee 
  to determine 
  the auditor's 
  remuneration                           270,837,660   100.00           0     0.00   270,837,660      11,876,774 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 10. To authorise 
  the Directors 
  to allot shares                        270,046,392    99.71     786,118     0.29   270,832,510      11,881,924 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 11. Authority 
  to disapply statutory 
  pre-emption rights                     270,831,360   100.00         600     0.00   270,831,960      11,882,474 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 12. Additional 
  authority to 
  disapply statutory 
  pre-emption rights                     270,092,243    99.73     739,717     0.27   270,831,960      11,882,474 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 13. To authorise 
  the Company to 
  purchase its 
  own shares                             270,236,209    99.78     601,451     0.22   270,837,660      11,876,774 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 14. Authority 
  to call a general 
  meeting (other 
  than an AGM) 
  on not less than 
  14 clear days' 
  notice                                 270,273,811    99.79     563,299     0.21   270,837,110      11,877,324 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 15. To authorise 
  the Company to 
  make political 
  donations                              270,221,583    99.78     603,770     0.22   270,825,353      11,889,081 
                          --------------------------  -------  ----------  -------  ------------  -------------- 
 

Notes:

1. Any proxy arrangement which gave discretion to the Chairman has been included in the "for" totals.

2. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.

3. The number of shares in issue at close of business on 24 April 2019 was 300,000,000 (the "Share Capital"). The Company does not hold any shares in treasury.

As previously announced on 23 January 2019 and 4 April 2019 respectively, Richard Longdon and Vivienne Maclachlan have both stepped down from the Board effective from today. Resolution 4, related to the re-election of Ms Maclachlan, was withdrawn on the basis that it would have been ineffective had it been passed.

In accordance with Listing Rule 9.6.2, copies of resolutions passed at the AGM concerning items other than ordinary business will shortly be available for inspection on the National Storage Mechanism which can be accessed at http://www.morningstar.co.uk/uk/nsm

Enquiries

 
 Alfa Financial Software Holdings 
  PLC 
  Andrew Denton, Chief Executive       [phone] 
 Tulchan Communications LLP 
  James Macey White 
  Matt Low 
  Deborah Roney                        [phone] 
 

Notes to Editors

Alfa has been delivering systems and consultancy services to the global asset and automotive finance industry since 1990. Our best practice methodologies and specialised knowledge of asset finance mean that we deliver the largest software implementations and most complex business change projects. With an excellent delivery history over nearly three decades in the industry, Alfa's track record is unrivalled.

Alfa Systems, our class-leading technology platform, is at the heart of some of the world's largest asset finance companies. Key to the business case for each implementation is Alfa Systems' ability to replace multiple client systems on a single platform. Alfa Systems supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multijurisdictional basis, including leases/loans, originations and servicing. An end-to-end solution with integrated workflow and automated processing using business rules, the opportunities that Alfa Systems presents to asset finance companies are clear and compelling.

Alfa Systems is used by customers in more than 25 countries and Alfa has offices in Europe, Asia-Pacific and North America. For more information, visit www.alfasystems.com.

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April 26, 2019 12:12 ET (16:12 GMT)