9 May 2017 12:50
Non-Standard Finance plc
("Non-Standard Finance," "NSF", the "Company" or the "Group")
Result of Annual General Meeting
9 May 2017
Non-Standard Finance is pleased to announce that all resolutions proposed at the Company's Annual General Meeting, held at 11.00 am today, were duly approved by shareholders. The resolutions and voting outcomes are set out below:
IN FAVOUR | AGAINST | VOTES WITHHELD | ||||
Number of Shares | % Voting Shares | Number of Shares | % Voting Shares | Number of Shares | ||
RESOLUTION | ||||||
1. | Report and Accounts | 264,736,814 | 100.00 | 0 | 0.00 | 0 |
2. | Remuneration Report | 264,148,890 | 99.78 | 587,924 | 0.22 | 0 |
3. | Remuneration Policy | 255,868,233 | 96.65 | 8,855,442 | 3.35 | 13,139 |
4. | Final Dividend | 264,736,814 | 100.00 | 0 | 0.00 | 0 |
5. | Long-term Incentive | 256,360,039 | 96.84 | 8,363,636 | 3.16 | 13,139 |
6. | Sharesave Plan | 264,668,052 | 99.97 | 68,762 | 0.03 | 0 |
7. | Elect John Van Kuffeler | 264,136,237 | 99.77 | 600,577 | 0.23 | 0 |
8. | Elect Nicholas Teunon | 264,136,237 | 99.77 | 600,577 | 0.23 | 0 |
9. | Elect Miles Cresswell-Turner | 264,136,237 | 99.77 | 600,577 | 0.23 | 0 |
10. | Elect Charles Gregson | 210,297,636 | 99.37 | 1,343,543 | 0.63 | 53,095,635 |
11. | Elect Heather McGregor | 264,736,814 | 100.00 | 0 | 0.00 | 0 |
12. | Re-appoint Auditor | 256,372,678 | 100.00 | 500 | 0.00 | 8,363,636 |
13. | Remuneration of Auditor | 264,736,314 | 100.00 | 500 | 0.00 | 0 |
14. | Allot Shares in Company | 264,026,980 | 99.74 | 696,695 | 0.26 | 13,139 |
15. | Disapply pre-emption rights (Special Resolution) | 264,723,675 | 100.00 | 0 | 0.00 | 13,139 |
16. | Disapply pre-emption rights in relation to acquisitions and specified capital investments (Special Resolution) | 256,360,039 | 96.84 | 8,363,636 | 3.16 | 13,139 |
17. | Authority for company to purchase its own shares (Special Resolution) | 256,360,039 | 96.84 | 8,363,636 | 3.16 | 13,139 |
18. | Notice for a general meeting (Special Resolution) | 264,533,825 | 99.92 | 202,989 | 0.08 | 0 |
Notes: |
1. Percentage of voting shares is the percentage of shares voted and excludes shares on which votes were withheld |
2. Total number of shares voted = 264,736,814 |
3. Total number of shares in issue = 317,049,682 |
For more information:
Non-Standard Finance plc Peter Reynolds, Director, IR and Communications |
+44 (0) 20 3869 9026 |
Bell Pottinger Dan de Belder Aarti Iyer Molly Stewart |
+44 (0) 20 3772 2500 |
About Non-Standard Finance
Non-Standard Finance plc is listed on the main market of the London Stock Exchange (ticker: NSF) and was established in 2014 to acquire and grow businesses in the UK's non-standard consumer finance sector. Under the direction of its highly experienced main board, the Company has acquired a sustainable group of businesses offering credit to the c.10-12 million UK adults who are not served by (or choose not to use) mainstream financial institutions. Its three business areas are: unsecured branch-based loans, home-collected credit and guaranteed loans. Each business now has access to increased levels of funding and has benefited from stronger management controls; has refined its product pricing in a number of areas; has introduced new compliance protocols; and is investing in new IT infrastructure and systems. These changes have been implemented to balance the delivery of improved customer outcomes with the generation of substantial returns for shareholders. In the year ended 31 December 2016, the Group generated reported revenue of £72.6m; pro forma normalised revenue of £94.7m; reported operating loss of £5.2m and pro forma normalised operating profit, before temporary agent commission, of £20.5m. As at 31 December 2016, the Group had a combined loan book of £165m (before fair value adjustments). For more information see www.nonstandardfinance.com.