Secure Trust Bank PLC Change of Chairman and results of 2024 AGM

RNS Number : 7978O

Secure Trust Bank PLC

16 May 2024

 

Secure Trust Bank PLC

16 May 2024

For immediate release

SECURE TRUST BANK PLC

 

Change of Chairman and results of the 2024 Annual General Meeting

 

Secure Trust Bank PLC (the 'Bank' or 'STB') confirms the appointment of Jim Brown as Non-Executive Chairman and Chairman of the Nomination Committee, in-line with the Company's announcement on 25 January 2024. This follows receipt of the required regulatory approvals and Jim's election by shareholders at the Annual General Meeting ('AGM') held today. Jim has succeeded Lord Forsyth, who stepped down from the Board at the conclusion of the AGM. The Board would like to extend, on behalf of all stakeholders, its appreciation to Lord Forsyth for his significant contribution to the Group throughout his tenure.

 

The Board is pleased to confirm all resolutions set out in the Notice of AGM 2024 were passed by shareholders at today's AGM. A summary of the poll results in respect of each resolution is set out below.

 

	Resolution	Votes for	% of votes cast for	Votes against	% of votes cast against	Withheld	Total votes cast
1.	To receive and adopt the Report and Accounts 2023	12,614,663	99.99%	250	0.01%	541,137	13,156,050
2.	To receive and approve the Directors' Remuneration Report	12,469,069	98.85%	145,450	1.15%	541,531	13,156,050
3.	To declare a final dividend of 16.2 pence per ordinary share	13,155,719	99.99%	293	0.01%	38	13,156,050
4.	To elect Mr Jim Brown as a director	13,130,290	99.81%	24,779	0.19%	981	13,156,050
5.	To re-elect Mr David McCreadie as a director	12,612,230	99.99%	1,740	0.01%	542,080	13,156,050
6.	To re-elect Mrs Rachel Lawrence as a director	13,153,329	99.99%	1,740	0.01%	981	13,156,050
7.	To re-elect Mrs Ann Berresford as a director	13,047,914	99.19%	107,155	0.81%	981	13,156,050
8.	To elect Mrs Victoria Mitchell as a director	13,152,827	99.98%	2,242	0.02%	981	13,156,050
9.	To re-elect Mr Paul Myers as a director	13,048,034	99.19%	107,035	0.81%	981	13,156,050
10.	To re-elect Mrs Victoria Stewart as a director	13,034,758	99.09%	120,311	0.91%	981	13,156,050
11.	To re-elect Mr Finlay Williamson as a director	13,047,742	99.18%	107,327	0.82%	981	13,156,050
12.	To re-appoint Deloitte LLP as auditor	12,596,149	99.85%	18,760	0.15%	541,141	13,156,050
13.	To authorise the Audit Committee to fix the remuneration of the auditor	13,151,834	99.97%	4,103	0.03%	113	13,156,050
14.	THAT the Directors are authorised to allot shares and equity securities	13,037,642	99.10%	118,123	0.90%	285	13,156,050
15.	THAT, in addition to resolution 14, the Directors be authorised to allot shares and equity securities in relation to an issue of AT1 Securities	12,496,376	94.99%	659,389	5.01%	285	13,156,050
16.	THAT, subject to resolution 14, the Directors be authorised to allot equity securities for cash as if section 561(1) of the Act did not apply	12,478,670	94.85%	677,095	5.15%	285	13,156,050
17.	THAT, subject to resolution 14 and in addition to 16, the Directors be authorised to allot equity securities for cash as if Section 561(1) did not apply	12,478,670	94.85%	677,095	5.15%	285	13,156,050
18.	THAT, subject to resolution 15, the Directors be authorised to disapply Statutory Pre-Emption Rights in relation to an issue of AT1 Securities	12,498,358	95.00%	657,407	5.00%	285	13,156,050
19.	THAT the Company be authorised to make market purchases of ordinary shares of 40 pence each in the capital of the Company	13,138,073	99.87%	17,000	0.13%	977	13,156,050
20.	THAT the directors be authorised to call a General Meeting on 14 days' notice	13,112,752	99.67%	43,185	0.33%	113	13,156,050

 

The issued share capital of the Company comprises 19,065,720 shares and votes cast as a percentage of the issued share capital amounted to 69.00%. Resolutions 16 - 20 were passed as special resolutions.

 

The Company has sent copies of the resolutions passed at the AGM, other than those concerning ordinary business, to the FCA's National Storage Mechanism and they will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

 

‐ENDS-

Enquiries:

Secure Trust Bank PLC

Lisa Daniels, Company Secretary

Tel: [phone]

 

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