Vanquis Banking Group (formerly: Provident Financial Plc)

AGM Information • May 7, 2020

National Storage Mechanism | Additional information

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*	---	---	---	---	---	---
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 

investors@providentfinancial.com

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