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Provident Fin.PLC. - Results of AGM and Notice of Trading Update

RNS Number : 3405M
Provident Financial PLC
07 May 2020
 

 

Provident Financial plc ("the Company")

 

Results of Annual General Meeting and Notice of Trading Update

 

Notice of Trading Update

 

The Company wishes to inform the market that it intends to publish its Q1 trading statement (covering the first three months of the year) on Wednesday 27 May 2020. The statement will provide shareholders and analysts with an update as to how the Group is adapting its lending and collections activities for the COVID-19 restrictions currently in place.

 

Results of Annual General Meeting

 

The Company announces the results of the voting by poll on the resolutions put to its annual general meeting (AGM) today, Thursday 7 May 2020.

 

A poll was held on each of the resolutions set out in the notice of AGM (with the exception of resolution 3) and the results of the poll are set out below. All of the resolutions voted on at the AGM were duly passed.

 

As announced by the Company on 27 March 2020 and in light of the evolving coronavirus outbreak, the Board withdrew its recommendation for resolution 3 relating to the 2019 final dividend of 16.0p per share and the resolution was not proposed at the AGM.

 

 


Number of votes cast "For"

% of votes cast "For"

Number of votes cast "Against"

% of votes cast "Against" 

Number of votes Withheld

Total votes cast as a % of Issued Share Register

RESOLUTION







1.  

Directors' and auditor's reports and the financial statements

195,708,941

 

99.98

 

31,412

 

0.02

194,571

 

77.18

2.  

Approval of the annual statement by the chairman of the remuneration committee and the annual report on remuneration

186,927,706

 

95.53

8,747,218

 

4.47

260,000

 

77.15

 

3.  

That a final dividend of 16.0p per share be declared*

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4.  

Re-election of Andrea Blance as a Director

195,825,067

 

99.95

96,162

 

0.05

13,696

 

77.25

5.  

Re-election of Elizabeth Chambers as a Director

195,717,937

 

99.90

203,292

 

0.10

13,696

 

77.25

6.  

Election of Robert East as a Director

195,900,160

 

99.99

20,918

 

0.01

13,847

 

77.25

7.  

Re-election of Paul Hewitt as a Director

195,859,053

 

99.97

62,176

 

0.03

13,696

 

77.25

8.  

Election of Neeraj Kapur as a Director

195,634,539

 

99.85

285,289

 

0.15

15,097

 

77.25

9.  

Re-election of Angela Knight as a Director

195,401,584

 

99.73

519,645

 

0.27

13,696

 

77.25

10.

Re-election of Malcolm Le May as a Director

195,843,819

 

99.96

77,410

 

0.04

13,696

 

77.25

11.

Election of Graham Lindsay as a Director

195,856,209

 

99.97

63,619

 

0.03

15,097

 

77.25

12.

Re-election of Patrick Snowball as a Director

195,842,162

 

99.96

79,067

 

0.04

13,696

 

77.25

13.

Reappointment of Deloitte LLP as the Auditor of the Company

193,174,945

 

99.99

5,891

 

0.01

2,754,089

 

76.17

14.

Audit committee to determine the Auditor's Remuneration

195,760,529

 

99.92

159,450

 

0.08

14,946

 

77.25

15.

Company granted authority to make political donations

195,586,227

 

99.83

331,367

 

0.17

17,331

 

77.25

16.

Directors authorised to allot shares

195,348,453

 

99.71

572,776

 

0.29

13,696

 

77.25

17.

Company authorised to purchase its own shares

193,097,997

 

98.58

2,785,669

 

1.42

51,258

 

77.24

18.

Company authorised to disapply pre-emption rights

195,726,943

 

99.90

188,100

 

0.10

19,882

 

77.25

19.

Company authorised to disapply pre-emption rights (in relation to acquisitions and specified capital investments)

192,969,263

 

98.49

2,952,215

 

1.51

13,446

 

77.25

20.

Convening of a general meeting on not less than 14 days' notice authorised

192,465,036

 

98.24

3,456,193

 

1.76

13,696

 

77.25

 

Notes

 

1.   Votes "For" and "Against" are expressed as a percentage of votes received.

2.   A "vote withheld" is not a vote in law and is therefore not counted towards the proportion of votes "For" or "Against" a resolution.

3.   As at 6.30pm on Tuesday 5 May 2020, the time by which shareholders who wanted to vote at the AGM must have been entered on the Company's register of members, there were  253,615,794 ordinary shares in issue and 77.25% of the voting capital was instructed. Shareholders are entitled to one vote per share. 

 

* As per the Company's Announcement dated 27 March 2020, the Resolution regarding the payment of a final dividend of 16.0p per share was withdrawn.

 

In accordance with Listing Rule 9.6.2R, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

 

Name of contact and telephone number for AGM queries:

Charley Davies

Company Secretary

0203 620 3689

 

Name of contacts and contact details for Investor Relations:

Vicki Turner / Owen Jones

01274 351 900 

[email protected]

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Provident Financial

Price: 166.765

Market: LSE
Market Cap: £422.94 m
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