7 May 2020 17:45
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