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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