Paragon Banking Group PLC Result of AGM (0243Q)

TIDMPAG

RNS Number : 0243Q

Paragon Banking Group PLC

14 February 2019

Paragon Banking Group PLC:

Result of Annual General Meeting

The Annual General Meeting ("AGM") of Paragon Banking Group PLC (the "Company") 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     % of   Votes Against       % of         Votes         % of        Votes 
                                 For    Votes                      Votes         Total    ISC Voted     Withheld 
                                         Cast                       Cast 
                                          For                    Against 
 1. To receive 
  and consider 
  the Company's 
  Annual Report 
  and Accounts 
  for the year 
  ended 30 
  September 
  2018, the 
  Strategic 
  Report and 
  the Reports 
  of the Directors 
  and the Auditors.      204,257,955    99.99          25,364       0.01   204,283,319        78.29      136,832 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 2. To consider 
  and approve 
  the Directors' 
  Remuneration 
  Report for 
  the year 
  ended 30 
  September 
  2018.                  170,875,932    86.36      26,986,282      13.64   197,862,214        75.83    6,557,937 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 3. To declare 
  a final dividend 
  of 13.9p 
  per ordinary 
  share.                 204,419,111   100.00               0       0.00   204,419,111        78.34        1,040 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 4. To reappoint 
  as a director 
  of the Company 
  Fiona Clutterbuck.     196,471,808    99.17       1,638,627       0.83   198,110,435        75.92    6,309,716 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 5. To reappoint 
  as a director 
  of the Company 
  Nigel Terrington.      203,356,976    99.48       1,062,860       0.52   204,419,836        78.34          315 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 6. To reappoint 
  as a director 
  of the Company 
  Richard Woodman.       202,795,416    99.21       1,622,794       0.79   204,418,210        78.34        1,941 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 7. To reappoint 
  as a director 
  of the Company 
  John Heron.            202,762,561    99.19       1,657,275       0.81   204,419,836        78.34          315 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 8. To reappoint 
  as a director 
  of the Company 
  Peter Hartill.         203,501,845    99.56         906,628       0.44   204,408,473        78.34       11,678 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 9. To reappoint 
  as a director 
  of the Company 
  Hugo Tudor.            202,302,456    99.43       1,165,326       0.57   203,467,782        77.98      952,369 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 10. To reappoint 
  as a director 
  of the Company 
  Barbara Ridpath.       203,437,544    99.52         982,407       0.48   204,419,951        78.34          200 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 11. To reappoint 
  as a director 
  of the Company 
  Finlay Williamson.     203,734,854    99.67         684,057       0.33   204,418,911        78.34        1,240 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 12. To reappoint 
  as a director 
  of the Company 
  Graeme Yorston.        203,735,894    99.67         684,057       0.33   204,419,951        78.34          200 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 13. To reappoint 
  KPMG LLP 
  as auditors 
  of the Company.        204,417,292   100.00             446       0.00   204,417,738        78.34        2,413 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 14. To authorise 
  the directors 
  to fix the 
  remuneration 
  of the auditors.       204,418,458   100.00             200       0.00   204,418,658        78.34        1,493 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 15. THAT 
  the Board 
  is generally 
  and unconditionally 
  authorised 
  to allot 
  shares in 
  the Company.           204,382,850    99.99          14,255       0.01   204,397,105        78.33       23,046 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 16. THAT, 
  the Board 
  be authorised 
  to disapply 
  pre-emption 
  rights on 
  up to five 
  percent of 
  the issued 
  share capital 
  (excluding 
  treasury 
  shares).               204,379,372    99.98          38,813       0.02   204,418,185        78.34        1,966 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 17. THAT, 
  the Board 
  be authorised 
  to disapply 
  pre-emption 
  rights on 
  an additional 
  five percent 
  of the issued 
  share capital 
  (excluding 
  treasury 
  shares).               185,350,142    90.67      19,068,040       9.33   204,418,182        78.34        1,969 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 18. THAT 
  the Company 
  be authorised 
  to make market 
  purchases.             203,354,532    99.85         310,755       0.15   203,665,287        78.05      754,864 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 19. 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.     204,108,096    99.85         310,453       0.15   204,418,549        78.34        1,602 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 20. THAT, 
  the Board 
  be authorised 
  to disapply 
  pre-emption 
  rights in 
  relation 
  to the issue 
  of Additional 
  Tier 1 Securities.     204,061,412    99.84         334,396       0.16   204,395,808        78.33       24,343 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 21. THAT, 
  the rules 
  of the Paragon 
  Sharesave 
  Plan 2019 
  and the principal 
  terms be 
  approved.              203,864,125    99.73         552,750       0.27   204,416,875        78.34        3,276 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 22. THAT 
  a general 
  meeting other 
  than an annual 
  general meeting 
  may be called 
  on not less 
  than 14 clear 
  days' notice.          199,049,988    97.37       5,368,310       2.63   204,418,298        78.34        1,853 
                        ------------  -------  --------------  ---------  ------------  -----------  ----------- 
 

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) For resolutions 13 and 14 as the results are reported to two decimal places the percentage of votes "For" is shown as 100.00% and "Against" as 0.00% as there were insufficient votes lodged "Against" to register.

(d) The issued share capital figure used to calculate the percentage voted is 260,930,767. This is the figure as at 12 February 2019 and excludes the number of ordinary shares held in treasury on the Register of Members as at that date.

(e) Resolutions 1 to 15 (inclusive) and Resolutions 19 and 21 were ordinary resolutions. Resolutions 16, 17, 18, 20 and 22 were special resolutions.

The full text of all of the resolutions can be found in the Notice of Annual General Meeting which is available for viewing at the National Storage Mechanism at www.morningstar.co.uk/uk/NSM and at the Company's website, www.paragonbankinggroup.co.uk.

In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed at the meeting concerning special business (being resolutions numbered 15 - 22) 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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February 14, 2019 04:59 ET (09:59 GMT)