Result of AGM

GB Group PLC

20 July 2023

 

20 July 2023

GB GROUP PLC

("GBG", "Group" or the "Company")

Results of AGM

GBG (AIM: GBG), the experts in digital location, identity verification and fraud software, announces the results of its Annual General Meeting 2023.  Voting on all of the resolutions was conducted on a poll.

The number of votes received in respect of each resolution were as follows:

Resolution	Votes in favour	% in favour	Votes against	% against	Votes withheld	Total votes cast as % of Issued Share Register
1. Receive the annual report and accounts	157,957,455	100.00%	6,697	0.00%	329,640	62.56
2. Declare a final dividend	152,875,339	96.71%	5,207,419	3.29%	211,034	62.60
3. Appoint Richard Longdon	156,049,153	98.71%	2,031,997	1.29%	211,142	62.60
4. Re-appoint Chris Clark	149,552,778	94.95%	7,952,313	5.05%	787,201	62.37
5. Re-appoint Natalie Gammon	151,192,674	95.64%	6,891,202	4.36%	208,416	62.60
6. Receive and approve the Report on Directors' Remuneration	58,029,158	42.54%	78,396,850	57.46%	21,866,824	54.03
7. Appoint PwC as auditors	155,964,065	98.65%	2,129,693	1.35%	200,034	62.61
8. Authorise directors to  determine auditor remuneration	157,300,423	99.50%	791,537	0.50%	201,832	62.61
9. Authorise directors to allot shares	152,224,030	96.23%	5,960,940	3.77%	107,322	62.64
*10. Authorise directors to disapply pre-emption up to 5%	152,513,313	96.48%	5,567,907	3.52%	211,072	62.60
*11. Authorise directors to dis-apply pre-emption up to a further 5% in connection with acquisition or specified capital investment	152,252,561	96.31%	5,830,659	3.69%	209,072	62.60
*12. Authorise directors to purchase shares	156,399,370	98.95%	1,656,773	1.05%	237,649	62.59

Resolution 6 - Report on Directors' Remuneration

The Board notes that the advisory vote on the Directors' Remuneration Report did not receive the required majority number of votes to pass. Prior to the AGM the Remuneration Committee conducted an extensive consultation with the Company's largest shareholders regarding the Directors' Remuneration Report.  The Remuneration Committee values the feedback they have received on the Company's remuneration arrangements and will continue to engage constructively with shareholders. 

Notes

(1)  A vote withheld is not a vote in law and is not counted in the calculation of the portion of votes in favour or against a resolution

(2)  *denotes special resolution

(3)  At the date of AGM the issued share capital of the Company is 252,517,420 ordinary shares.

-ENDS -

For further information, please contact:

GBG Chris Clark, CEO & David Ward, CFO Annabelle Burton, Company Secretary	[phone] [phone]
Numis (Nominated Adviser and Corporate Broker) Simon Willis & Joshua Hughes	[phone]
Barclays (Corporate Broker) Stuart Jempson & Robert Mayhew	[phone]
Teneo (Financial PR) James Macey White & Matt Low	[phone] [e-mail]
Website	www.gbgplc.com/investors

About GBG

We are the experts in digital location, identity and managing fraud risk and compliance. Helping organisations across the globe eliminate customer friction and fraud from their digital experiences. GBG develops and delivers digital identity, address verification, fraud prevention and compliance software to businesses globally.

Through the combination of the latest technology, the most accurate data and our unrivalled expertise, GBG helps organisations ranging from start-ups to the largest consumer and technology brands in the world deliver seamless experiences, so their customers can transact online with greater confidence.               

To find out more about how we help our customers establish trust with their customers visit www.gbgplc.com and follow us on LinkedIn and Twitter @gbgplc.

 

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