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30 Jun 2020 12:37
Pollen Street Secured Lending
(the "Company")
Result of Annual General Meeting
The Company announces that at its Annual General Meeting held earlier today, all of the resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority. Each of the resolutions put to the Annual General Meeting were voted on by way of a poll.
The results of the poll for each resolution were as follows:
Resolution (* indicates special resolution) | Shares For | % | Shares Against | % | Shares Marked As Votes Withheld / Abstentions |
Resolution 1 | 56,976,210 | 100.00 | 774 | 0.00 | 51,605 |
Resolution 2 | 53,211,625 | 93.31 | 3,814,188 | 6.69 | 2,776 |
Resolution 3 | 57,027,879 | 100.00 | 710 | 0.00 | 0 |
Resolution 4 | 38,878,411 | 68.17 | 18,150,080 | 31.83 | 98 |
Resolution 5 | 38,733,609 | 90.33 | 4,147,423 | 9.67 | 14,147,557 |
Resolution 6 | 39,231,823 | 91.49 | 3,649,209 | 8.51 | 14,147,557 |
Resolution 7 | 39,231,113 | 96.12 | 1,582,565 | 3.88 | 16,214,911 |
Resolution 8 | 57,017,382 | 99.99 | 8,431 | 0.01 | 2,776 |
Resolution 9 | 56,996,851 | 99.95 | 29,862 | 0.05 | 1,876 |
Resolution 10 | 53,708,559 | 94.18 | 3,320,030 | 5.82 | 0 |
Resolution 11* | 53,707,104 | 94.18 | 3,321,485 | 5.82 | 0 |
Resolution 12* | 57,007,434 | 99.98 | 9,550 | 0.02 | 11,605 |
Resolution 13* | 56,301,003 | 98.73 | 725,710 | 1.27 | 1,876 |
The Company notes that a significant number of votes were cast against resolution 4. The Company will engage with shareholders shortly and, in accordance with the UK Corporate Governance Code 2018, expects to provide an update on this consultation process within six months.
NOTES:
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1. | All resolutions were passed. |
2. | Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
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3. | Votes "For" and "Against" any resolution are expressed as a percentage (rounded to two decimal places) of votes validly cast for that resolution.
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4. | A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.
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5. | The number of shares in issue at close of business on 29 June 2020 was 86,306,803 and at that time, the Company held 12,413,792 shares in treasury, therefore the total number of voting rights in the Company was 73,893,011. Up to 58.0% of the voting capital was instructed. |
6. | The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at https://pollenstreetsecuredlending.com/.
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7. | In accordance with Listing Rule 9.6.2R, copies of resolutions 11-13 passed at the Annual General Meeting will be made available for inspection from the National Storage Mechanism, situated at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism. |
8. | These results (inclusive of proxy results lodged before the Annual General Meeting) will be available shortly on the Company's website at https://www.pollenstreetsecuredlending.com/ |
Link Company Matters Limited
Secretary
30 June 2020
For further information:
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Enquiries: |
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PSC Credit Holdings LLP
| +44 (0)20 3948 7379 |
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