28 Mar 2022 07:00
28 March 2022
PCF Group plc
("PCF", the "Company" or the "Group")
Result of the Annual General Meeting
PCF Group plc confirms that each of the resolutions proposed at its Annual General Meeting at 10 am on Friday 25 March 2022 were passed.
The full text of each resolution was set out in the Notice of the Annual General Meeting, a copy of which can be found on the Company's website in the "Notifications Made in the Last 12 Months" section - https://pcf.bank/investors/
The results of the poll vote were:
ORDINARY RESOLUTIONS | For | Against | Vote withheld* |
Resolution 1: To elect Simon Moore as a director | 164,847,890 | 78,083 | 40,936 |
Resolution 2: To elect Mark Sismey-Durrant as a director | 164,835,642 | 90,331 | 40,936 |
Resolution 3: To elect Caroline Richardson as a director | 164,837,890 | 88,083 | 40,936 |
Resolution 4: To elect Garry Stran as a director | 164,845,642 | 80,331 | 40,936 |
Resolution 5: To re-elect Mark Brown, who is retiring as a director and is seeking re-election | 164,627,899 | 301,524 | 37,486 |
Resolution 6: To re-elect Christine Higgins, who is retiring as a director and is seeking re-election | 164,585,940 | 343,483 | 37,486 |
Resolution 7: To re-elect David Morgan, who is retiring as a director and is seeking re-election | 164,527,899 | 401,524 | 37,486 |
Resolution 8: To re-elect David Titmuss, who is retiring as a director and is seeking re-election | 164,585,940 | 343,483 | 37,486 |
Resolution 9: To authorise the directors to allot ordinary shares in the capital of the Company | 164,551,962 | 279,011 | 135,936 |
SPECIAL RESOLUTION |
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Resolution 10: To empower the Directors to allot for cash on a non-pre-emptive basis: (i) in connection with a rights issue, open offer or other pro-rata offer to existing shareholders; and (ii) (otherwise than pursuant to (i)) up to approximately 5% of the total issued ordinary share capital of the Company. | 164,414,267 | 416,706 | 135,936 |
REMUNERATION CODE RESOLUTION |
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Resolution 11: To authorise the Company to apply a ratio between fixed and variable components of total remuneration of 'Remuneration Code Staff' that exceeds 1:1, provided that the ratio does not exceed 1:2. | 164,471,054 | 423,466 | 72,389 |
*Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.
ENDS
For further information, please visit https://pcf.bank/ or contact:
PCF Group (via Tavistock Communications) Garry Stran, Interim Chief Executive Officer Caroline Richardson, Chief Financial Officer
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| Tel: +44 (0) 20 7920 3150 |
Tavistock Communications Simon Hudson / Tim Pearson
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| Tel: +44 (0) 20 7920 3150 |
Peel Hunt (Nominated Advisor and Joint Broker) Andrew Buchanan / Rishi Shah / Sam Milford |
| Tel: +44 (0) 20 7418 8900 |
Shore Capital (Joint Broker) Henry Willcocks / Guy Wiehahn |
| Tel: +44 (0) 20 7408 4080 |
About PCF Group plc (www.pcf.bank)
Established in 1994, PCF Group plc is the AIM-quoted parent of the specialist bank, PCF Bank Limited. Since commencing operations as a bank in 2017. The Group continues to focus on portfolio quality and lending to the prime segments of its existing markets. The Group will continue to identify opportunities to diversify its lending products and asset classes by setting up new organic operations or through acquisition.
PCF Bank currently offers retail savings products for individuals and then deploys those funds through its four lending divisions:
• Business asset finance which provides finance for vehicles, plant and equipment to SMEs;
• Consumer motor finance which provides finance for motor vehicles to consumers;
• Azule which brokers finance to the broadcast and media industry; and
• Property bridging finance which provides loans to companies and sole traders investing in residential and commercial property.