West.brom 6.15% Regulatory News (WBS)

18 Jul 2007 16:49

West Bromwich Building Society18 July 2007 West Bromwich Building Society 2007 Annual General Meeting Results. The Board of the West Bromwich Building Society is pleased to announce thefollowing results from the Annual General Meeting held on the 18th July 2007. Ordinary Resolution For Against Total Turnout % In Favour of Resolution No. of Votes No of votes1. To receive the Annual Report and 37,065 551 37,616 98.5Accounts 2. To re-appoint KPMG Audit PLC as 36,319 1,192 37,511 96.8Auditors 3. To approve the Directors' 33,387 3,466 36,853 90.6Remuneration 4a. To elect Mr John Bywater as a 35,332 1,942 37,274 94.8director 4b. To elect Mr David Huw Davies as 35,479 1,816 37,295 95.1a director 4c. To re-elect Mr Gary T Cowdrill 35,480 1,857 37,337 95.0as a director 4d To re-elect Mr Roger D Smith as 35,461 1,885 37,346 94.9a director 4e To re-elect Mr Graham Wentzell 35,077 2,221 37,298 94.0as a director 4f To re-elect Dr Brian 34,970 2,320 37,290 93.8Woods-Scawen as a director Special Resolution For Against Total Turnout % In Favour of Resolution No. of Votes No of votes5 To approve proposed rule 34,441 1,880 36,321 94.8changes. Chairman's Statement "Current Trading Update The results to the end of the March in the annual report before members todayshow that we continue to be one of the best performing Building Societies in theUnited Kingdom. The housing market in the UK faces the impact of successive rises in interestrates by the Bank of England's Monetary Policy Committee as a result of theirview that the economy needs to be cooled to contain medium term inflation. As aresult, we expect house price inflation to be less than we have experienced inrecent years. We also have to be aware that overall personal debt remains high. We keep all these factors under close review and I am pleased to report that ourbusiness performance for the first quarter remains in line with our internalplans. West Bromwich Building Society has a broad spread of businesses which put us ingood standing to respond to any slowdown in business volumes or pressures onlending arrears which remain at historically low levels and we continue toexpect satisfactory results for the current year." For further information please contact the Society's Group Secretary. This information is provided by RNS The company news service from the London Stock Exchange