Result of AGM

Virgin Money UK PLC

01 March 2024

 

Virgin Money UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

1 March 2024

Result of the Annual General Meeting 2024

Following the Annual General Meeting 2024 (2024 AGM) held today, 1 March 2024, 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 reports of the Directors and auditors and the audited financial statements of the Company for the year ended 30 September 2023	961,473,624	99.98	172,313	0.02	961,645,937	14,007,015
2. To approve the Directors' remuneration report as set out in the Company's Annual Report and Accounts for the year ended 30 September 2023	946,316,042	97.57	23,574,446	2.43	969,890,488	5,784,851
3. To declare a final dividend of 2p per ordinary share in the Company in respect of the year ended 30 September 2023	975,221,492	99.97	265,223	0.03	975,486,715	189,275
4. To re-elect Clifford Abrahams as a Director of the Company	953,908,211	97.81	21,328,389	2.19	975,236,600	434,082
5. To re-elect David Bennett as a Director of the Company	947,624,100	98.02	19,121,461	1.98	966,745,561	8,925,382
6. To elect Lucinda Charles-Jones as a Director of the Company	974,101,239	99.90	987,159	0.10	975,088,398	582,338
7. To re-elect David Duffy as a Director of the Company	974,140,865	99.90	998,539	0.10	975,139,404	532,743
8. To re-elect Geeta Gopalan as a Director of the Company	959,426,010	98.38	15,806,493	1.62	975,232,503	439,644
9. To re-elect Elena Novokreshchenova as a Director of the Company	965,057,664	98.96	10,168,546	1.04	975,226,210	445,942
10. To re-elect Darren Pope as a Director of the Company	964,953,298	98.95	10,247,274	1.05	975,200,572	464,059
11. To re-elect Tim Wade as a Director of the Company	965,139,973	98.97	10,072,266	1.03	975,212,239	460,268
12. To re-elect Sara Weller CBE as a Director of the Company	952,772,867	97.70	22,448,519	2.30	975,221,386	450,176
13. To appoint PricewaterhouseCoopers LLP as auditors of the Company	965,957,858	99.05	9,287,087	0.95	975,244,945	428,597
14. To authorise the Audit Committee to determine the remuneration of the auditors	974,865,975	99.95	532,784	0.05	975,398,759	275,097
15. To authorise the Directors to allot shares	906,811,546	92.98	68,447,534	7.02	975,259,080	413,224
16. To authorise the Directors to disapply statutory pre-emption rights in respect of 5% of the Company's issued share capital	920,448,241	94.39	54,742,078	5.61	975,190,319	480,459
17. To authorise the Directors to disapply statutory pre-emption rights in respect of an additional 5% of the Company's issued share capital	911,335,914	93.45	63,827,597	6.55	975,163,511	489,639
18. To authorise the Directors to allot equity securities in connection with AT1 Securities	964,145,909	98.90	10,725,942	1.10	974,871,851	797,635
19. To authorise the Directors to disapply statutory pre-emption rights in respect of any issue of further AT1 Securities	964,612,038	98.94	10,314,009	1.06	974,926,047	744,085
20. To permit the Company to purchase its own shares	964,415,778	98.90	10,771,420	1.10	975,187,198	476,619
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)	964,606,562	98.93	10,392,693	1.07	974,999,255	651,469
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)	964,573,141	98.93	10,414,417	1.07	974,987,558	681,156
23. To permit the Company to enter into a contingent purchase contract between the Company and J.P. Morgan Securities Australia Limited (J.P. Morgan) for the purchase by J.P. Morgan, at the direction of the Company, of CHESS Depositary Interests (CDIs)	964,497,310	98.92	10,490,608	1.08	974,987,918	684,178
24. To permit the Company to enter into a contingent purchase contract between the Company and Morgan Stanley Australia Securities Limited (Morgan Stanley) for the purchase by Morgan Stanley, at the direction of the Company, of CHESS Depositary Interests (CDIs)	964,491,759	98.93	10,409,450	1.07	974,901,209	681,548
25. To permit the Company to enter into a contingent purchase contract between the Company and UBS AG London Branch (UBS) for the purchase by UBS, at the direction of the Company, of CHESS Depositary Interests (CDIs)	964,469,863	98.93	10,418,695	1.07	974,888,558	692,315
26. To authorise the Company to make political donations and incur political expenditure	914,060,546	93.74	61,025,979	6.26	975,086,525	478,320

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 1,297,630,154 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 2024 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 & Sustainability	[e-mail]
Company Secretary
Lorna McMillan	07834 585 436
Group Company Secretary	[e-mail]
Media Relations
Press Office	0800 066 5998
	[e-mail]

 

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