Result of AGM

VPC Specialty Lending Invest. PLC
12 June 2024
 

VPC Specialty Lending Investments plc

(the "Company")

 

12 June 2024

 

Annual General Meeting Results

 

The Company announces that at its Annual General Meeting ("AGM") held today all of resolutions set out in the Notice of AGM were passed by the requisite majority. Each resolution put to the AGM was voted on by way of a poll. The results of the poll for each resolution were as follows:

 

Resolution

For

(No. of shares)

For

(%)

Against

(No. of shares)

Against

(%)

Votes Withheld

(No. of shares)

 

Total Share Capital Voted (%)

1.   To receive the Annual Report and Accounts

 

191,423,979

99.88%

223,017

0.12%

21,146

68.87%

2.   To approve the Directors' Remuneration Report

 

191,057,279

99.72%

538,144

0.28%

72,719

68.85%

3.   To approve the Dividend Policy

 

191,490,486

99.92%

156,510

0.08%

21,146

68.87%

4.   To re-elect Graeme Proudfoot as a Director

 

159,826,069

83.43%

31,749,531

16.57%

92,542

68.84%

5.   To re-elect Oliver Grundy as a Director

 

176,587,606

92.18%

14,987,995

7.82%

92,541

68.84%

6.   To re-elect Mark Katzenellenbogen as a Director

 

159,362,170

83.20%

32,174,216

16.80%

131,756

68.83%

7.   To re-appoint PricewaterhouseCoopers LLP as auditors of the Company

 

191,469,910

99.92%

150,665

0.08%

47,567

68.86%

8.   To authorise the Audit and Valuation Committee to determine the auditors' remuneration

 

191,509,836

99.94%

121,954

0.06%

36,352

68.86%

9.   To authorise the Directors to allot ordinary shares

 

152,916,867

79.80%

38,708,073

20.20%

43,202

68.86%

10. To authorise the Directors to allot and issue B shares

 

187,768,493

97.99%

3,854,804

2.01%

44,845

68.86%

11. To dis-apply pre-emption rights.*

 

146,701,467

76.56%

44,903,403

23.44%

63,272

68.85%

12. To authorise the Company to make market purchases of its own ordinary shares.*

 

158,857,076

82.89%

32,793,443

17.11%

17,623

68.87%

13. To authorise the Directors to hold general meetings on not less than 14 clear days' notice.*

 

187,360,928

97.76%

4,289,592

2.24%

17,622

68.87%

*Special Resolution

 

The Board will engage with those shareholders that voted against Resolutions 9 and 11 in order to understand their concerns. The Board will update shareholders on the outcome of these discussions.

 

 

NOTES:

 


1.

All resolutions were passed.

 

2.

Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.

 

3.

Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

 

4.

A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution.

 

5.

The number of shares in issue at close of business on 12 June 2024 was 278,276,392 (the "Share Capital") and at that time, the Company held 104,339,273 shares in treasury.

 

6.

The proportion of "Total issued share capital instructed" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the Share Capital.

 

7.

The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.vpcspecialtylending.com.

 

8.

A copy of resolutions 11-13 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism 

 

9.

The complete poll results will be available shortly on the Company's website at www.vpcspecialtylending.com

 

 

Link Company Matters Limited

Secretary

LEI: 549300UPEXC5DQB81P34

 

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