Virgin Money UK PLC
(Company)
LEI: 213800ZK9VGCYYR6O495
21 February 2023
Result of the Annual General Meeting 2023
Following the Annual General Meeting 2023 (2023 AGM) held today, 21 February 2023, the Company announces that all resolutions put to shareholders at the meeting were passed by the required majorities. A poll was held on each of the resolutions proposed the results of which are as follows:
|
Resolution |
For |
Against |
Total |
Withheld |
||
|
|
No. of Votes |
% of Vote |
No. of Votes |
% of Vote |
No. of Votes |
No. of Votes |
|
1. To receive the Annual Report and Financial Statements for the year ended 30 September 2022
|
997,986,698 |
99.96 |
359,332 |
0.04 |
998,346,030 |
13,484,500 |
|
2. To approve the Directors' remuneration policy
|
990,116,228 |
97.88 |
21,466,079 |
2.12 |
1,011,582,307 |
242,944 |
|
3. To approve the Directors' annual report on remuneration for the year ended 30 September 2022
|
975,602,009 |
97.03 |
29,868,643 |
2.97 |
1,005,470,652 |
6,354,401 |
|
4. To declare a final dividend of 7.5p per ordinary share in the Company in respect of the year ended 30 September 2022
|
1,011,714,454 |
99.99 |
59,055 |
0.01 |
1,011,773,509 |
53,757 |
|
5. To re-elect Clifford Abrahams as a Director of the Company
|
1,005,353,912 |
99.40 |
6,105,413 |
0.60 |
1,011,459,325 |
365,458 |
|
6. To re-elect David Bennett as a Director of the Company
|
976,681,994 |
97.50 |
25,035,765 |
2.50 |
1,001,717,759 |
10,107,090 |
|
7. To re-elect David Duffy as a Director of the Company
|
1,005,857,506 |
99.45 |
5,520,508 |
0.55 |
1,011,378,014 |
446,835 |
|
8. To re-elect Geeta Gopalan as a Director of the Company
|
997,380,357 |
98.61 |
14,083,711 |
1.39 |
1,011,464,068 |
360,781 |
|
9. To re-elect Elena Novokreshchenova as a Director of the Company
|
997,214,840 |
98.59 |
14,247,161 |
1.41 |
1,011,462,001 |
362,848 |
|
10. To re-elect Darren Pope as a Director of the Company
|
997,282,621 |
98.60 |
14,157,253 |
1.40 |
1,011,439,874 |
384,975 |
|
11. To re-elect Tim Wade as a Director of the Company
|
996,887,244 |
98.56 |
14,549,498 |
1.44 |
1,011,436,742 |
384,774 |
|
12. To elect Sarah Weller CBE as a Director of the Company
|
998,900,871 |
98.76 |
12,558,907 |
1.24 |
1,011,459,778 |
364,786 |
|
13. To re-appoint Ernst & Young LLP as auditors of the Company
|
998,009,934 |
98.65 |
13,640,578 |
1.35 |
1,011,650,512 |
178,645 |
|
14. To authorise the Audit Committee to determine the remuneration of the auditors
|
1,004,039,701 |
99.24 |
7,644,473 |
0.76 |
1,011,684,174 |
143,233 |
|
15. To authorise the Directors to allot shares
|
946,351,267 |
93.55 |
65,276,304 |
6.45 |
1,011,627,571 |
193,770 |
|
16. To authorise the Directors to disapply statutory pre-emption rights in respect of 5% of the Company's issued share capital
|
959,570,801 |
95.24 |
47,917,324 |
4.76 |
1,007,488,125 |
4,332,211 |
|
17. To authorise the Directors to disapply statutory pre-emption rights in respect of an additional 5% of the Company's issued share capital
|
949,322,033 |
94.23 |
58,153,791 |
5.77 |
1,007,475,824 |
4,345,112 |
|
18. To authorise the Directors to allot equity securities in connection with AT1 Securities
|
995,591,740 |
98.46 |
15,619,455 |
1.54 |
1,011,211,195 |
608,937 |
|
19. To authorise the Directors to disapply statutory pre-emption rights in respect of the allotment of equity securities in connection with AT1 Securities and issue further AT1 Securities
|
995,803,762 |
98.48 |
15,384,356 |
1.52 |
1,011,188,118 |
630,679 |
|
20. To permit the Company to purchase its own shares
|
999,597,089 |
98.83 |
11,873,877 |
1.17 |
1,011,470,966 |
348,074 |
|
21. To permit the Company to enter into a contingent purchase contract between the Company and Citigroup Global Markets Australia Pty Limited (Citi) for the purchase by Citi, at the direction of the Company, of CHESS Depositary Interests (CDIs)
|
999,343,184 |
98.82 |
11,964,764 |
1.18 |
1,011,307,948 |
510,860 |
|
22. To permit the Company to enter into a contingent purchase contract between the Company and Goldman Sachs International (Goldman Sachs) for the purchase by Goldman Sachs, at the direction of the Company, of CHESS Depositary Interests (CDIs)
|
999,303,810 |
98.81 |
12,013,191 |
1.19 |
1,011,317,001 |
503,935 |
|
23. To authorise the Company to make political donations and incur political expenditure
|
960,801,528 |
94.99 |
50,669,294 |
5.01 |
1,011,470,822 |
350,943 |
Votes 'For' and 'Against' are expressed as a percentage of the total votes received.
A 'Vote withheld' is not treated as a vote in law and would not be counted in the calculation of the proportion of the votes cast 'For' or 'Against' a resolution.
The current issued share capital of the Company consists of 1,369,273,754 ordinary shares of 10 pence, carrying one vote each.
In accordance with the Listing Rule 9.6.2 copies of all resolutions other than resolutions concerning ordinary business passed at the 2023 AGM will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Announcement authorised for release by Lorna McMillan, Group Company Secretary.
For further information, please contact:
|
Investors and Analysts |
|
|
Richard Smith |
07483 399303 |
|
Head of Investor Relations |
richard.smith@virginmoneyukplc.com |
|
|
|
|
Company Secretary |
|
|
Lorna McMillan |
07834 585 436 |
|
Group Company Secretary |
lorna.mcmillan@virginmoneyukplc.com |
|
|
|
|
Media Relations |
|
|
Press Office |
0800 066 5998 |
|
|
press.office@virginmoneyukplc.com |
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