Paragon Banking Group PLC Result of AGM (0421F)

TIDMPAG

RNS Number : 0421F

Paragon Banking Group PLC

15 February 2018

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       % of         Votes     % of        Votes 
                                 For    Votes      Against      Votes         Total      ISC     Withheld 
                                         Cast                    Cast                  Voted 
                                          For                 Against 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 1. To 
  receive 
  and consider 
  the Company's 
  Annual 
  Report 
  and Accounts 
  for the 
  year ended 
  30 September 
  2017, 
  the Strategic 
  Report 
  and the 
  Reports 
  of the 
  Directors 
  and the 
  Auditors.              192,232,621    99.92      152,833       0.08   192,385,454    73.20    5,863,450 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 2. To 
  consider 
  and approve 
  the Directors' 
  Remuneration 
  Report 
  for the 
  year ended 
  30 September 
  2017.                  194,583,324    98.36    3,234,726       1.64   197,818,050    75.27      430,854 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 3. To 
  declare 
  a final 
  dividend 
  of 11.0p 
  per ordinary 
  share.                 198,248,596   100.00          308       0.00   198,248,904    75.43            0 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 4. To 
  reappoint 
  as a director 
  of the 
  Company 
  Robert 
  Dench.                 196,000,767    99.40    1,184,489       0.60   197,185,256    75.03    1,063,648 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 5. To 
  reappoint 
  as a director 
  of the 
  Company 
  Nigel 
  Terrington.            195,290,087    98.51    2,958,702       1.49   198,248,789    75.43          115 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 6. To 
  reappoint 
  as a director 
  of the 
  Company 
  Richard 
  Woodman.               197,371,136    99.56      877,653       0.44   198,248,789    75.43          115 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 7. To 
  reappoint 
  as a director 
  of the 
  Company 
  John Heron.            197,700,950    99.72      547,839       0.28   198,248,789    75.43          115 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 8. To 
  reappoint 
  as a director 
  of the 
  Company 
  Alan Fletcher.         197,378,904    99.56      869,885       0.44   198,248,789    75.43          115 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 9. To 
  reappoint 
  as a director 
  of the 
  Company 
  Peter 
  Hartill.               197,734,671    99.75      502,885       0.25   198,237,556    75.43       11,348 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 10. To 
  reappoint 
  as a director 
  of the 
  Company 
  Fiona 
  Clutterbuck.           197,734,671    99.75      502,885       0.25   198,237,556    75.43       11,348 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 11. To 
  reappoint 
  as a director 
  of the 
  Company 
  Hugo Tudor.            197,565,687    99.66      683,102       0.34   198,248,789    75.43          115 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 12. To 
  reappoint 
  as a director 
  of the 
  Company 
  Patrick 
  Newberry.              197,615,942    99.68      632,847       0.32   198,248,789    75.43          115 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 13. To 
  reappoint 
  as a director 
  of the 
  Company 
  Barbara 
  Ridpath.               197,894,386    99.82      354,403       0.18   198,248,789    75.43          115 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 14. To 
  reappoint 
  as a director 
  of the 
  Company 
  Finlay 
  Williamson.            197,887,933    99.82      360,856       0.18   198,248,789    75.43          115 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 15. To 
  reappoint 
  as a director 
  of the 
  Company 
  Graeme 
  Yorston.               197,894,386    99.82      354,403       0.18   198,248,789    75.43          115 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 16. To 
  reappoint 
  KPMG LLP 
  as auditors 
  of the 
  Company.               198,245,839   100.00        2,565       0.00   198,248,404    75.43          500 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 17. To 
  authorise 
  the directors 
  to fix 
  the remuneration 
  of the 
  auditors.              198,247,108   100.00        1,673       0.00   198,248,781    75.43          123 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 18. THAT 
  the Board 
  is generally 
  and unconditionally 
  authorised 
  to allot 
  shares 
  in the 
  Company.               198,233,611    99.99       14,207       0.01   198,247,818    75.43        1,086 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 19. THAT, 
  the Board 
  be authorised 
  to disapply 
  pre-emption 
  rights 
  on up 
  to five 
  percent 
  of the 
  issued 
  share 
  capital 
  (excluding 
  treasury 
  shares).               198,210,499    99.98       37,706       0.02   198,248,205    75.43          699 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 20. THAT, 
  the Board 
  be authorised 
  to disapply 
  pre-emption 
  rights 
  on an 
  additional 
  five percent 
  of the 
  issued 
  share 
  capital 
  (excluding 
  treasury 
  shares).               176,706,284    89.13   21,541,921      10.87   198,248,205    75.43          699 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 21. THAT 
  the Company 
  be authorised 
  to make 
  market 
  purchases.             196,587,198    99.59      816,416       0.41   197,403,614    75.11      845,290 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 22. 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.            197,483,827    99.62      761,797       0.38   198,245,624    75.43        3,280 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 23. THAT, 
  the Board 
  be authorised 
  to disapply 
  pre-emption 
  rights 
  in relation 
  to the 
  issue 
  of Additional 
  Tier 1 
  Securities.            197,284,100    99.51      964,105       0.49   198,248,205    75.43          699 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 24. THAT 
  a general 
  meeting 
  other 
  than an 
  annual 
  general 
  meeting 
  may be 
  called 
  on not 
  less than 
  14 clear 
  days' 
  notice.                192,606,519    97.15    5,642,374       2.85   198,248,893    75.43           11 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 25. THAT 
  the Articles 
  of Association 
  of the 
  Company 
  shall 
  be amended.            197,169,898    99.46    1,074,414       0.54   198,244,312    75.43        4,592 
----------------------  ------------  -------  -----------  ---------  ------------  -------  ----------- 
 

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 3, 16 and 17 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 262,814,164. This is the figure as at 13 February 2018 and excludes the number of ordinary shares held in treasury on the Register of Members as at that date.

(e) Resolutions 1 to 18 (inclusive) and 22 were ordinary resolutions. Resolutions 19, 20, 21, 23, 24 and 25 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 18 - 25) 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

This information is provided by RNS

The company news service from the London Stock Exchange

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February 15, 2018 09:14 ET (14:14 GMT)