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Bank of Georgia Grp (BGEO)

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Tuesday 25 May, 2021

Bank of Georgia Grp

Results of AGM

RNS Number : 7696Z
Bank of Georgia Group PLC
25 May 2021
 

 

 

 

 

 

London, 25 May 2021

 

Bank of Georgia Group PLC - Result of AGM

 

The Board of Directors of Bank of Georgia Group PLC (the "Company") announces the results of voting on the resolutions put to shareholders at its Annual General Meeting (the "AGM") held today, 25 May 2021. Details of the resolutions are set out in full in the Notice of AGM dated 16 April 2021.

 

Voting at the AGM was completed by way of a poll. All resolutions were passed by the required majority.

 

Resolutions 1 to 15 (inclusive) were passed as ordinary resolutions and resolutions 16 to 18 (inclusive) were passed as special resolutions.

 

The results of the poll for each resolution were as follows:

 

RESOLUTION

VOTES
FOR

%

VOTES
AGAINST

%

VOTES
TOTAL

% of ISC* VOTED

VOTES
WITHHELD

1 To receive and approve the Annual Report and Accounts for the year ended 31 December 2020

29,108,239

99.99

3,381

0.01

29,111,620

59.21

377,927

2 To receive and approve the Directors' Remuneration Report for the year ended 31 December 2020

27,799,795

95.74

1,235,986

4.26

29,035,781

59.05

453,766

3 To re-appoint Neil Janin, as a Non-Executive Director**

28,685,992

98.45

453,099

1.55

29,139,091

59.26

350,456

4 To re-appoint Alasdair Breach, as a Non- Executive Director**

29,038,344

98.47

450,642

1.53

29,488,986

59.97

561

5 To re- appoint Archil Gachechiladze, as an Executive Director

29,488,961

100.00

25

0.00

29,488,986

59.97

561

6 To re- appoint Tamaz Georgadze, as a Non-Executive Director**

29,160,546

98.89

328,440

1.11

29,488,986

59.97

561

7 To re- appoint Hanna Loikkanen as a Non-Executive Director **

28,244,969

95.78

1,243,447

4.22

29,488,416

59.97

1,131

8 To re - appoint Veronique McCarroll, as a Non-Executive Director**

29,168,818

98.91

320,168

1.09

29,488,986

59.97

561

9 To appoint Mariam Megvinetukhutsesi, as a Non-Executive Director**

29,489,036

100.00

0

0.00

29,489,036

59.97

511

10 To re- appoint Jonathan Muir, as a Non-Executive Director**

29,168,818

98.91

320,168

1.09

29,488,986

59.97

561

11 To re - appoint Cecil Quillen, as a Non-Executive Director**

29,160,001

98.88

328,985

1.12

29,488,986

59.97

561

12 To re - appoint Ernst & Young LLP as Auditor to the Company

29,003,333

98.35

486,211

1.65

29,489,544

59.98

3

13 To authorise the Audit Committee to set the remuneration of the Auditor

29,331,273

99.46

158,273

0.54

29,489,546

59.98

1

14 To authorise political donations and political expenditure.

28,494,885

96.63

994,662

3.37

29,489,547

59.98

0

15 To authorise the Board to allot shares

28,486,820

96.60

1,002,727

3.40

29,489,547

59.98

0

16 To authorise the disapplication of pre-emption rights

27,753,832

94.12

1,735,170

5.88

29,489,002

59.97

545

17 To authorise the disapplication of pre-emption rights for the purposes of acquisitions or capital investments

26,270,141

89.08

3,218,860

10.92

29,489,001

59.97

546

18 To authorise the Company to purchase its own shares

28,979,462

98.35

487,074

1.65

29,466,536

59.93

23,011

*Issued share capital

**Independent Director

 

Notes:

1.   As at the date of the AGM, the Company had 49,169,428 ordinary shares in issue. The Company did not hold any shares in treasury and therefore the number of total voting rights as at the date of the AGM was 49,169,428. In accordance with the Company's Articles of Association and subject to the Listing Rules, on a poll every member who is present in person or by proxy has one vote for every share held.

2.  The scrutineer of the poll was Computershare Investor Services PLC, the Company's Share Registrar.

3.   Note that a "vote withheld" is not a vote in law and such votes have not been included in the calculation of votes "for" and "against" each resolution.  Proxy appointments which gave discretion to the Chairman have been included in the "for" total above.

 

In accordance with Listing Rule 9.6.2, copies of the resolutions which constitute special business at the AGM (being resolutions 14 to 18) will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .    

 

A copy of this announcement has been posted on the Company's website www.bankofgeorgiagroup.com .

 

Name of authorised official of issuer responsible for making notification:

Link Company Matters Limited

Company Secretary

 

 

 

 

About Bank of Georgia Group PLC

 

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services; b) corporate banking, wealth management and investment banking operations in Georgia; and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the systemically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in payments business and financial mobile application, with the strong retail and corporate banking franchise in Georgia. With a continued focus on increasing digitalisation and expanding technological and data analytics capabilities, the Group aims to offer more personalised solutions and seamless experiences to its customers to enable them to achieve more of their potential. The Group aims to benefit from growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking services targets to deliver on its strategy, which is based on at least 20% ROAE and c.15% growth of its loan book in the medium-term .  

 

JSC Bank of Georgia has, as of the date hereof, the following credit ratings:

 

 

Fitch Ratings

'BB-/B'

Moody's

'Ba2/NP'

 

For further information, please visit www.bankofgeorgiagroup.com or contact:

 

Archil Gachechiladze

Michael Oliver

Sulkhan Gvalia

Natia Kalandarishvili

CEO

Adviser to the CEO

CFO

Head of Investor Relations

+995 322 444 144

+44 203 178 4034

+995 322 444 108

+995 322 444 444 (9282)

[email protected]

[email protected]

[email protected]

[email protected]

 

 

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities

 

 

 

 

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