Result of AGM

RNS Number : 5934Q

Virgin Money UK PLC

21 February 2023

 

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	[e-mail]
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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