Provident Financial PLC Update on 2020 Annual General Meeting (1881K)
20 Abril 2020 - 5:30AM
UK Regulatory
TIDMPFG
RNS Number : 1881K
Provident Financial PLC
20 April 2020
20 April 2020
Provident Financial plc (the "Company")
Update on 2020 Annual General Meeting (AGM)
Due to the evolving coronavirus (COVID-19) pandemic and the
current UK Government guidance on social distancing and prohibition
on non-essential travel and public gatherings, the Board regrets
that it will not be possible for shareholders to attend this year's
AGM in person, unless the current situation changes.
Further to our announcement on 16 March 2020, the Board intends
to adjourn the AGM to a new venue and time in order to comply with
the Government's current Stay at Home Measures. The AGM will now
take place at 5.00pm on 7 May 2020 (being the same date as the
original AGM) at Upham House, Upham, Hampshire SO32 1JH. Proxy
votes received for the AGM will remain valid for the adjourned
meeting unless otherwise revoked.
It is also necessary to make some adjustments to how the AGM
will be conducted and this year it will be purely functional in
format to comply with the relevant legal requirements and to enable
shareholders to vote on the important customary annual business.
Only the Chairman and the CEO are expected to attend the AGM to
satisfy the quorum requirement of two persons under the Company's
articles of association and the AGM will be focussed on the formal
business of the meeting. There will be no speeches or presentations
by the Chairman and no other directors or management in attendance
to answer questions (either formally or informally).
However, the Board is keen that shareholders exercise their
right to vote and, accordingly, strongly recommends that
shareholders vote on all resolutions by completing and submitting
an online proxy appointment form in favour of the Chairman of the
meeting in accordance with point 6 of the Explanatory Notes to the
Notice of Meeting (set out on pages 7 to 9 and as an appendix to
this announcement). To ensure your votes are cast in accordance
with your wishes, we strongly encourage you to appoint the Chairman
of the meeting as your proxy given that the UK Government's current
restrictions mean that neither you nor any other person you might
appoint as your proxy will be able to attend the meeting in person.
Corporations should also consider appointing the Chairman of the
meeting as proxy or corporate representative to ensure their votes
are cast in accordance with their wishes.
As announced on 27 March 2020, the Board has withdrawn its
recommendation of the final dividend, and consequently resolution 3
relating to the originally proposed final dividend will not be put
to the meeting. The Board intends that all resolutions (other than
resolution 3) will be put to a vote on a poll, rather than being
decided by a 'show of hands' as in the circumstances this will
deliver a fairer representation of shareholder views
notwithstanding that most shareholders will not be able to attend
the meeting. The results of the poll will be announced to the
London Stock Exchange as soon as possible after the AGM and
published on the Company's website.
Shareholders can submit questions to the Board in advance of the
AGM by email to shareholder.questions@providentfinancial.com by no
later than 5.00 pm on 6 May 2020. We will consider all questions
received and, if appropriate, provide a written response.
The health and wellbeing of our employees, shareholders and the
wider communities in which we operate is of paramount importance to
the Board and the steps set out above are necessary and appropriate
ones to take given the current pandemic.
The Board continues to closely monitor the evolving coronavirus
(COVID-19) outbreak and related guidance issued by the UK
Government. We will continue to keep our plans for the AGM under
review and recommend that shareholders continue to monitor the
Company's website and announcements for any further updates. The
Board also urges shareholders to continue to monitor UK Government
guidance and directions in relation to coronavirus (COVID-19) and
to act accordingly. We plan to provide a further update to the
market on COVID-19 and trading in mid-May.
The Board would like to thank shareholders for their
understanding during these unprecedented times.
Enquiries:
Media
Richard King, Provident Financial - 0203 620 3073
Nick Cosgrove/Simone Selzer, Brunswick - 020 7404 5959
Investor Relations
Gary Thompson/Vicki Turner, Provident Financial - 01274
351900
investors@providentfinancial.com
Appendix
Extract of Notice of 2020 Annual General Meeting
A member may appoint a proxy online by following the
instructions for the electronic appointment of a proxy at
www.signalshares.com. To be a valid proxy appointment, the member's
electronic message confirming the details of the appointment
completed in accordance with those instructions must be transmitted
so as to be received at the same time as the instructions.
Alternatively, a hard copy proxy form may be used to appoint a
proxy and this can be requested directly from the registrars, Link
Asset Services on 0871 664 0300 (calls are charged at the standard
geographic rate and will vary by provider, lines are open 9.00
am-5.30pm Mon-Fri).
To be valid, a proxy form must be completed in accordance with
the instructions that accompany it and delivered (together with any
power of attorney or other authority under which it is signed, or a
certified copy of such item) to Link Asset Services, PXS 1, 34
Beckenham Road, Beckenham, Kent BR3 4ZF so as to be received by
3.00 pm on Tuesday 5 May 2020.
Members who hold their shares in uncertificated form may also
use the CREST voting service to appoint a proxy electronically, as
explained below. If an instrument of proxy is not received in a
manner or within the time limits set out in this Notice it shall be
invalid, unless and to the extent that the Board, in its absolute
discretion in relation to any such instrument, waives any such
requirement. Appointing a proxy will not prevent a member from
attending and voting in person at the meeting should he/she so
wish.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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