Last checked at 24 Apr 2018 15:54
Legal Entity Identifier: 213800X5WU57YL9GPK89
METRO BANK PLCResult of AGM
24 April 2018: Metro Bank PLC (the "Company") announces that, at the Annual General Meeting of shareholders held earlier today, all resolutions were passed as follows.
Vernon Hill, Chairman and Founder at Metro Bank, commented:
"We are grateful for the continued overwhelming support demonstrated today by our investors. Every resolution was passed by 93% or more, proof our investors continue to support the strategic direction and robust governance framework of Metro Bank."
RESOLUTION | VOTESFOR | % | VOTES AGAINST | % | VOTESTOTAL | % of ISC** VOTED | VOTES WITHHELD*** | |
1 | To receive the 2017 Annual Report and Accounts | 71,276,416 | 99.94 | 43,980 | 0.06 | 71,320,396 | 80.56% | 3,485 |
2 | To approve the Annual Report on Remuneration section of the Directors Remuneration Report | 66,447,203 | 93.50 | 4,620,794 | 6.50 | 71,067,997 | 80.28% | 255,885 |
3 | Re-election of Vernon W. Hill, II | 68,619,355 | 96.30 | 2,639,495 | 3.70 | 71,258,850 | 80.49% | 65,031 |
4 | Re-election of Craig Donaldson | 71,295,106 | 99.96 | 28,775 | 0.04 | 71,323,881 | 80.57% | 1 |
5 | Election of David Arden | 71,295,058 | 99.96 | 28,775 | 0.04 | 71,323,833 | 80.57% | 49 |
6 | Re-election of Alastair Gunn | 71,186,723 | 99.90 | 72,127 | 0.10 | 71,258,850 | 80.49% | 65,031 |
7 | Re-election of Stuart Bernau | 70,549,286 | 99.00 | 709,564 | 1.00 | 71,258,850 | 80.49% | 65,031 |
8 | Re-election of Keith Carnby | 70,872,612 | 99.46 | 386,238 | 0.54 | 71,258,850 | 80.49% | 65,031 |
9 | Re-election of Lord Flight | 70,466,645 | 98.89 | 792,205 | 1.11 | 71,258,850 | 80.49% | 65,031 |
10 | Re-election of Eugene Lockhart | 67,965,193 | 95.50 | 3,199,404 | 4.50 | 71,164,597 | 80.39% | 159,284 |
11 | Re-election of Roger Farah | 71,155,599 | 99.76 | 168,281 | 0.24 | 71,323,880 | 80.57% | 1 |
12 | Re-election of Sir Michael Snyder | 71,037,218 | 99.60 | 286,662 | 0.40 | 71,323,880 | 80.57% | 1 |
13 | Election of Anna Melis | 71,323,785 | 100.00 | 35 | 0.00 | 71,323,820 | 80.57% | 62 |
14 | Re-appointment of Auditors | 71,203,379 | 99.92 | 55,781 | 0.08 | 71,259,160 | 80.49% | 64,721 |
15 | Remuneration of Auditors | 71,307,806 | 99.98 | 16,075 | 0.02 | 71,323,881 | 80.57% | 1 |
16 | Authority to allot shares | 71,100,106 | 99.93 | 46,775 | 0.07 | 71,146,881 | 80.37% | 177,001 |
17* | Authority to disapply pre-emption rights | 71,248,198 | 99.89 | 75,680 | 0.11 | 71,323,878 | 80.57% | 4 |
18* | Additional authority to disapply pre-emption rights | 71,171,502 | 99.79 | 152,375 | 0.21 | 71,323,877 | 80.57% | 4 |
19* | Authorise reduced notice of general meeting other than an AGM | 68,942,963 | 96.66 | 2,380,889 | 3.34 | 71,323,852 | 80.57% | 1 |
* Passed as a special resolution.
** = Issued Share Capital
*** = Votes 'withheld' have not been included in the calculation of whether a resolution is carried. Percentages have been rounded to two decimal places.
A copy of the above results will shortly be available in the investor section of Metro Bank PLC 's website.
In accordance with Listing Rule 9.6.3R, a copy of the resolutions passed as Special Business at the AGM have been submitted to the National Storage Mechanism and will be available in due course for viewing at http://www.morningstar.co.uk/uk/NSM
Enquiries
Metro Bank PLC
David Arden
Company Secretary 020 3402 8900