RNS Number : 7978O
Secure Trust Bank PLC
16 May 2024
 

Secure Trust Bank PLC

16 May 2024

For immediate release

SECURE TRUST BANK PLC

 

Change of Chairman and results of the 2024 Annual General Meeting

 

Secure Trust Bank PLC (the 'Bank' or 'STB') confirms the appointment of Jim Brown as Non-Executive Chairman and Chairman of the Nomination Committee, in-line with the Company's announcement on 25 January 2024. This follows receipt of the required regulatory approvals and Jim's election by shareholders at the Annual General Meeting ('AGM') held today. Jim has succeeded Lord Forsyth, who stepped down from the Board at the conclusion of the AGM. The Board would like to extend, on behalf of all stakeholders, its appreciation to Lord Forsyth for his significant contribution to the Group throughout his tenure.

 

The Board is pleased to confirm all resolutions set out in the Notice of AGM 2024 were passed by shareholders at today's AGM. A summary of the poll results in respect of each resolution is set out below.

 

Resolution

Votes for

% of votes cast for

Votes against

% of votes cast against

Withheld

Total votes cast

1.            

To receive and adopt the Report and Accounts 2023

12,614,663

99.99%

 250

0.01%

            541,137

 

         13,156,050

 

2.            

To receive and approve the Directors' Remuneration Report

         12,469,069

 

98.85%

             145,450

 

1.15%

            541,531

 

              13,156,050

 

3.            

To declare a final dividend of 16.2 pence per ordinary share

         13,155,719

 

99.99%

                    293

 

0.01%

                     38

 

              13,156,050

 

4.            

To elect Mr Jim Brown as a director

         13,130,290

 

99.81%

               24,779

 

0.19%

                   981

 

              13,156,050

 

5.            

To re-elect Mr David McCreadie as a director

         12,612,230

 

99.99%

                 1,740

 

0.01%

            542,080

 

              13,156,050

 

6.            

To re-elect Mrs Rachel Lawrence as a director

         13,153,329

 

99.99%

                 1,740

 

0.01%

                   981

 

              13,156,050

 

7.            

To re-elect Mrs Ann Berresford as a director

         13,047,914

 

99.19%

             107,155

 

0.81%

                   981

 

              13,156,050

 

8.            

To elect Mrs Victoria Mitchell as a director

         13,152,827

 

99.98%

                 2,242

 

0.02%

                   981

              13,156,050

 

9.            

To re-elect Mr Paul Myers as a director

         13,048,034

 

99.19%

             107,035

 

0.81%

                   981

 

              13,156,050

 

10.          

To re-elect Mrs Victoria Stewart as a director

         13,034,758

 

99.09%

             120,311

 

0.91%

                   981

 

              13,156,050

 

11.          

To re-elect Mr Finlay Williamson as a director

         13,047,742

 

99.18%

             107,327

 

0.82%

                   981

 

              13,156,050

 

12.          

To re-appoint Deloitte LLP as auditor

         12,596,149

 

99.85%

               18,760

 

0.15%

            541,141

 

              13,156,050

 

13.          

To authorise the Audit Committee to fix the remuneration of the auditor

         13,151,834

 

99.97%

                 4,103

 

0.03%

                   113

 

              13,156,050

 

14.          

THAT the Directors are authorised to allot shares and equity securities

         13,037,642

 

99.10%

             118,123

 

0.90%

                   285

 

              13,156,050

 

15.          

THAT, in addition to resolution 14, the Directors be authorised to allot shares and equity securities in relation to an issue of AT1 Securities

         12,496,376

 

 

94.99%

 

             659,389

 

 

5.01%

 

                   285

 

 

              13,156,050

 

 

16.          

THAT, subject to resolution 14, the Directors be authorised to allot equity securities for cash as if section 561(1) of the Act did not apply

         12,478,670

 

94.85%

             677,095

 

5.15%

                   285

 

              13,156,050

 

17.          

THAT, subject to resolution 14 and in addition to 16, the Directors be authorised to allot equity securities for cash as if Section 561(1) did not apply

         12,478,670

 

94.85%

             677,095

 

5.15%

                   285

 

              13,156,050

 

18.          

THAT, subject to resolution 15, the Directors be authorised to disapply Statutory Pre-Emption Rights in relation to an issue of AT1 Securities

         12,498,358

 

95.00%

             657,407

 

5.00%

                   285

 

              13,156,050

 

19.          

THAT the Company be authorised to make market purchases of ordinary shares of 40 pence each in the capital of the Company

         13,138,073

 

99.87%

               17,000

 

0.13%

                   977

 

              13,156,050

 

20.          

THAT the directors be authorised to call a General Meeting on 14 days' notice

         13,112,752

 

99.67%

               43,185

 

0.33%

                   113

 

              13,156,050

 

 

The issued share capital of the Company comprises 19,065,720 shares and votes cast as a percentage of the issued share capital amounted to 69.00%. Resolutions 16 - 20 were passed as special resolutions.

 

The Company has sent copies of the resolutions passed at the AGM, other than those concerning ordinary business, to the FCA's National Storage Mechanism and they will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

 

‐ENDS-

Enquiries:

Secure Trust Bank PLC

Lisa Daniels, Company Secretary

Tel: 0121 693 9100

 

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