Result of AGM

RNS Number : 6249E

Non-Standard Finance PLC

09 May 2017

 

Non-Standard Finance plc

("Non-Standard Finance," "NSF", the "Company" or the "Group")

Result of Annual General Meeting

9 May 2017

Non-Standard Finance is pleased to announce that all resolutions proposed at the Company's Annual General Meeting, held at 11.00 am today, were duly approved by shareholders. The resolutions and voting outcomes are set out below:

		IN FAVOUR		AGAINST		VOTES WITHHELD
		Number of Shares	% Voting Shares	Number of Shares	% Voting Shares	Number of Shares
RESOLUTION
1.	Report and Accounts	264,736,814	100.00	0	0.00	0
2.	Remuneration Report	264,148,890	99.78	587,924	0.22	0
3.	Remuneration Policy	255,868,233	96.65	8,855,442	3.35	13,139
4.	Final Dividend	264,736,814	100.00	0	0.00	0
5.	Long-term Incentive	256,360,039	96.84	8,363,636	3.16	13,139
6.	Sharesave Plan	264,668,052	99.97	68,762	0.03	0
7.	Elect John Van Kuffeler	264,136,237	99.77	600,577	0.23	0
8.	Elect Nicholas Teunon	264,136,237	99.77	600,577	0.23	0
9.	Elect Miles Cresswell-Turner	264,136,237	99.77	600,577	0.23	0
10.	Elect Charles Gregson	210,297,636	99.37	1,343,543	0.63	53,095,635
11.	Elect Heather McGregor	264,736,814	100.00	0	0.00	0
12.	Re-appoint Auditor	256,372,678	100.00	500	0.00	8,363,636
13.	Remuneration of Auditor	264,736,314	100.00	500	0.00	0
14.	Allot Shares in Company	264,026,980	99.74	696,695	0.26	13,139
15.	Disapply pre-emption rights (Special Resolution)	264,723,675	100.00	0	0.00	13,139
16.	Disapply pre-emption rights in relation to acquisitions and specified capital investments (Special Resolution)	256,360,039	96.84	8,363,636	3.16	13,139
17.	Authority for company to purchase its own shares (Special Resolution)	256,360,039	96.84	8,363,636	3.16	13,139
18.	Notice for a general meeting (Special Resolution)	264,533,825	99.92	202,989	0.08	0

Notes:

1. Percentage of voting shares is the percentage of shares voted and excludes shares on which votes were withheld

2. Total number of shares voted = 264,736,814

3. Total number of shares in issue = 317,049,682

For more information: 

Non-Standard Finance plc Peter Reynolds, Director, IR and Communications	[phone]
Bell Pottinger Dan de Belder Aarti Iyer Molly Stewart	[phone]

About Non-Standard Finance

Non-Standard Finance plc is listed on the main market of the London Stock Exchange (ticker: NSF) and was established in 2014 to acquire and grow businesses in the UK's non-standard consumer finance sector. Under the direction of its highly experienced main board, the Company has acquired a sustainable group of businesses offering credit to the c.10-12 million UK adults who are not served by (or choose not to use) mainstream financial institutions. Its three business areas are: unsecured branch-based loans, home-collected credit and guaranteed loans.  Each business now has access to increased levels of funding and has benefited from stronger management controls; has refined its product pricing in a number of areas; has introduced new compliance protocols; and is investing in new IT infrastructure and systems. These changes have been implemented to balance the delivery of improved customer outcomes with the generation of substantial returns for shareholders.  In the year ended 31 December 2016, the Group generated reported revenue of £72.6m; pro forma normalised revenue of £94.7m; reported operating loss of £5.2m and pro forma normalised operating profit, before temporary agent commission, of £20.5m.  As at 31 December 2016, the Group had a combined loan book of £165m (before fair value adjustments).  For more information see www.nonstandardfinance.com.

 

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