Last checked at 16 Jun 2022 14:25
TBC Bank Group PLC (the "Company")
Result of AGM
The Annual General Meeting of the Company was held at 11:00 am on 16 June 2022 at the offices of Baker McKenzie, 100 New Bridge Street, London EC4V 6JA. All resolutions presented at the AGM were put to the meeting on a poll and all were passed with the requisite majority. The full results are detailed below.
N | Resolution | Votes for | % of votes cast | Votes against | % of votes cast | Total votes | % of issued share capital voted | Votes withheld |
1 | To receive the annual report and accounts | 40,211,441 | 100.00% | 0 | 0.00% | 40,211,441 | 72.91 | 413,297 |
2 | To approve the directors' remuneration report | 38,460,517 | 98.45% | 605,254 | 1.55% | 39,065,771 | 70.83 | 1,558,967 |
3 | To reappoint Arne Berggren as a director | 39,981,666 | 98.43% | 638,048 | 1.57% | 40,619,714 | 73.65 | 5,024 |
4 | To reappoint Vakhtang Butskhrikidze as a director | 40,606,808 | 99.97% | 13,131 | 0.03% | 40,619,939 | 73.65 | 4,799 |
5 | To reappoint Maria Luisa Cicognani as a director | 40,389,914 | 99.43% | 229,800 | 0.57% | 40,619,714 | 73.65 | 5,024 |
6 | To reappoint Tsira Kemularia as a director | 40,606,566 | 99.97% | 13,148 | 0.03% | 40,619,714 | 73.65 | 5,024 |
7 | To reappoint Per Anders Fasth as a director | 40,606,359 | 99.97% | 13,148 | 0.03% | 40,619,507 | 73.64 | 5,231 |
8 | To reappoint Thymios P. Kyriakopoulos as a director | 40,606,359 | 99.97% | 13,148 | 0.03% | 40,619,507 | 73.64 | 5,231 |
9 | To reappoint Eran Klein as a director | 40,219,502 | 99.97% | 13,148 | 0.03% | 40,232,650 | 72.94 | 392,088 |
10 | To appoint Venera Suknidze as a director | 40,606,323 | 99.97% | 13,148 | 0.03% | 40,619,471 | 73.64 | 5,267 |
11 | To appoint Rajeev Sawhney as a director | 40,606,323 | 99.97% | 13,148 | 0.03% | 40,619,471 | 73.64 | 5,267 |
12 | To declare a final dividend | 40,624,610 | 100.00% | 0 | 0.00% | 40,624,610 | 73.65 | 128 |
13 | To reappoint PricewaterhouseCoopers LLP as the Company's auditor | 37,448,013 | 93.07% | 2,789,436 | 6.93% | 40,237,449 | 72.95 | 387,289 |
14 | To authorise the Audit Committee to determine the auditor's remuneration | 40,614,961 | 99.98% | 9,345 | 0.02% | 40,624,306 | 73.65 | 432 |
15 | To authorise the offer of scrip dividends to holders of the Company's ordinary shares | 40,619,178 | 99.99% | 4,799 | 0.01% | 40,623,977 | 73.65 | 761 |
16 | To give authority to allot securities up to a specified amount | 40,483,038 | 99.65% | 141,268 | 0.35% | 40,624,306 | 73.65 | 432 |
17 | To disapply statutory pre-emption rights | 38,481,562 | 94.73% | 2,142,595 | 5.27% | 40,624,157 | 73.65 | 581 |
18 | To give authority to make market purchases of the Company's shares | 40,226,468 | 99.04% | 391,656 | 0.96% | 40,618,124 | 73.64 | 6,614 |
19 | To permit General Meetings on not less than 14 clear days' notice | 37,984,948 | 94.41% | 2,247,799 | 5.59% | 40,232,747 | 72.94 | 391,991 |
NOTES
1. Votes "For" and "Against" are expressed as a percentage of votes cast.
2. Votes "For" include discretionary votes.
3. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
4. The total number of shares in issue is 55,155,896 ordinary shares of £0.01. Ordinary shareholders are entitled to one vote per share held.
5. To view the full wording of the resolutions, please refer to the 2021 Notice of Annual General Meeting on the Company's website, www.tbcbankgroup.com.
6. In accordance with the UK Financial Conduct Authority's Listing Rule 9.6.2, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at the National Storage Mechanism located at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further enquiries, please contact:
Director of International Media and Investor RelationsZoltan Szalai
Or
Head of Investor RelationsAnna Romelashvili
ir@tbcbank.com.ge
About TBC Bank Group PLC ("TBC PLC") TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector and other closely related fields. TBC PLC also recently expanded its operations in Uzbekistan. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.
TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 38.9% of customer loans and 40.3% of customer deposits as of 31 March 2022, according to data published by the National Bank of Georgia.