PayPoint plc : AGM Statement

26 July 2017 
PayPoint plc (Company)
AGM and Trading Update

PayPoint plc announces that at the Annual General Meeting held today all resolutions were passed on a show of hands. The proxy voting for the resolutions tabled at the Meeting was as follows:

Resolutions	Votes For	%	Votes Against	%	Total Votes	% of Issued Share Capital Voted	Votes Withheld*
1. To receive the annual reports and accounts for the year ended 31 March 2017	57,504,589	100.00%	0	0.00%	57,504,589	84.36%	2,832
2. To approve the directors' remuneration report for the year ended 31 March 2017	56,746,603	96.10%	2,304,030	3.90%	59,050,633	86.63%	256,788
3. To approve the directors' remuneration policy	56,250,235	96.12%	2,269,240	3.88%	58,519,475	85.85%	787,946
4. To declare a final dividend of 30.0p per ordinary share of the company	57,507,421	100.00%	0	0.00%	57,507,421	84.36%	-
5. To re-elect Ms Gill Barr as a director of the company	57,014,709	99.15%	491,067	0.85%	57,505,776	84.36%	1,645
6. To re-elect Mr Giles Kerr as a director of the company	54,740,879	98.98%	564,897	1.02%	55,305,776	81.13%	1,645
7. To re-elect Mr Dominic Taylor as a director of the company	57,407,382	99.83%	98,394	0.17%	57,505,776	84.36%	1,645
8. To re-elect Mr Tim Watkin-Rees as a director of the company	57,407,382	99.83%	98,394	0.17%	57,505,776	84.36%	1,645
9. To re-elect Mr Nick Wiles as a director of the company	57,374,221	99.77%	131,555	0.23%	57,505,776	84.36%	1,645
10. To elect Ms Rachel Kentleton as a director of the company	57,407,382	99.83%	98,394	0.17%	57,505,776	84.36%	1,645
11. To elect Mr Rakesh Sharma as a director of the company	57,488,967	99.97%	16,809	0.03%	57,505,776	84.36%	1,645
12. To re-appoint Deloitte LLP as auditor of the company	52,797,846	93.04%	3,947,761	6.96%	56,745,607	83.25%	761,814
13. To authorise the directors to determine the auditor's remuneration	35,655,280	85.20%	6,192,939	14.80%	41,848,219	61.39%	17,459,202
14. To authorise the directors to allot shares in accordance with Section 551 of the Companies Act 2006	57,503,540	99.99%	3,441	0.01%	57,506,981	84.36%	440
15. To disapply statutory pre-emption rights in accordance with Section 570 of the Companies Act 2006**	57,499,718	99.99%	5,263	0.01%	57,504,981	84.36%	2,440
16. To authorise the company to make market purchases of its ordinary shares up to 10% of the issued share capital**	56,727,501	98.64%	779,280	1.36%	57,506,781	84.36%	640
17. To allow any general meeting (other than an annual general meeting) to be called on 14 days' notice**	56,947,642	99.03%	559,339	0.97%	57,506,981	84.36%	440

*A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution.
** Special Resolutions requiring a 75% majority

In accordance with Listing Rule 9.2.2E, Resolutions 5, 6 and 11 were approved by: (a) the shareholders of the Company; and (b) the independent shareholders of the Company.

The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 68,165,925.

The results will also be made available on the Company's website: www.paypoint.com

In accordance with LR 9.6.2, a document setting out the resolutions passed at the AGM, concerning special business has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM  

Dividends
Payment of the final dividend (including the additional dividend) will be made on 31 July 2017 to shareholders who were on the shareholder register on 23 June 2017.

Directorate change
As previously announced on 02 June 2016, today 26 July 2017, David Morrison retires from the board after a long period of service as a non-executive director of the Company.
Nick Wiles, Chairman, said:
"On behalf of the board I would like to thank David for his immense contribution to the board, and his considerable support towards PayPoint during his service as a non-executive director of the Company. The board wishes him every success for the future."
There are no further disclosures required for the purposes of Listing Rule 9.6.11.

Trading Update
PayPoint released a trading update on 26 July 2017 which has been published on its website www.paypoint.com.

Enquiries:
PayPoint plc
Susan Court        01707 600300

Finsbury
Rollo Head          020 7251 3801

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: PayPoint plc via Globenewswire