TIDMPCF

RNS Number : 1535G

PCF Group PLC

28 March 2022

28 March 2022

PCF Group plc

("PCF", the "Company" or the "Group")

Result of the Annual General Meeting

PCF Group plc confirms that each of the resolutions proposed at its Annual General Meeting at 10 am on Friday 25 March 2022 were passed.

The full text of each resolution was set out in the Notice of the Annual General Meeting, a copy of which can be found on the Company's website in the "Notifications Made in the Last 12 Months" section - https://pcf.bank/investors/

The results of the poll vote were:

 
 ORDINARY RESOLUTIONS                              For       Against   Vote withheld* 
 Resolution 1: To elect Simon Moore 
  as a director                                164,847,890   78,083        40,936 
                                              ------------  --------  --------------- 
 Resolution 2: To elect Mark Sismey-Durrant 
  as a director                                164,835,642   90,331        40,936 
                                              ------------  --------  --------------- 
 Resolution 3: To elect Caroline 
  Richardson as a director                     164,837,890   88,083        40,936 
                                              ------------  --------  --------------- 
 Resolution 4: To elect Garry Stran 
  as a director                                164,845,642   80,331        40,936 
                                              ------------  --------  --------------- 
 Resolution 5: To re-elect Mark 
  Brown, who is retiring as a director 
  and is seeking re-election                   164,627,899   301,524       37,486 
                                              ------------  --------  --------------- 
 Resolution 6: To re-elect Christine 
  Higgins, who is retiring as a director 
  and is seeking re-election                   164,585,940   343,483       37,486 
                                              ------------  --------  --------------- 
 Resolution 7: To re-elect David 
  Morgan, who is retiring as a director 
  and is seeking re-election                   164,527,899   401,524       37,486 
                                              ------------  --------  --------------- 
 Resolution 8: To re-elect David 
  Titmuss, who is retiring as a director 
  and is seeking re-election                   164,585,940   343,483       37,486 
                                              ------------  --------  --------------- 
 Resolution 9: To authorise the 
  directors to allot ordinary shares 
  in the capital of the Company                164,551,962   279,011      135,936 
                                              ------------  --------  --------------- 
 SPECIAL RESOLUTION 
                                              ------------  --------  --------------- 
 Resolution 10: To empower the Directors 
  to allot for cash on a non-pre-emptive 
  basis: (i) in connection with a 
  rights issue, open offer or other 
  pro-rata offer to existing shareholders; 
  and (ii) (otherwise than pursuant 
  to (i)) up to approximately 5% 
  of the total issued ordinary share 
  capital of the Company.                      164,414,267   416,706      135,936 
                                              ------------  --------  --------------- 
 REMUNERATION CODE RESOLUTION 
                                              ------------  --------  --------------- 
 Resolution 11: To authorise the 
  Company to apply a ratio between 
  fixed and variable components of 
  total remuneration of 'Remuneration 
  Code Staff' that exceeds 1:1, provided 
  that the ratio does not exceed 
  1:2.                                         164,471,054   423,466       72,389 
                                              ------------  --------  --------------- 
 

*Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.

ENDS

For further information, please visit https://pcf.bank/ or contact:

 
 PCF Group (via Tavistock Communications)     Tel: +44 (0) 20 
  Garry Stran, Interim Chief Executive         7920 3150 
  Officer 
  Caroline Richardson, Chief Financial 
  Officer 
 Tavistock Communications                     Tel: +44 (0) 20 
  Simon Hudson / Tim Pearson                   7920 3150 
 Peel Hunt (Nominated Advisor and Joint       Tel: +44 (0) 20 
  Broker)                                      7418 8900 
  Andrew Buchanan / Rishi Shah / 
  Sam Milford 
 Shore Capital (Joint Broker)                 Tel: +44 (0) 20 
  Henry Willcocks / Guy Wiehahn                7408 4080 
 

About PCF Group plc ( www.pcf.bank )

Established in 1994, PCF Group plc is the AIM-quoted parent of the specialist bank, PCF Bank Limited. Since commencing operations as a bank in 2017. The Group continues to focus on portfolio quality and lending to the prime segments of its existing markets. The Group will continue to identify opportunities to diversify its lending products and asset classes by setting up new organic operations or through acquisition.

PCF Bank currently offers retail savings products for individuals and then deploys those funds through its four lending divisions:

   --     Business asset finance which provides finance for vehicles, plant and equipment to SMEs; 
   --     Consumer motor finance which provides finance for motor vehicles to consumers; 
   --     Azule which brokers finance to the broadcast and media industry; and 

-- Property bridging finance which provides loans to companies and sole traders investing in residential and commercial property.

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END

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March 28, 2022 02:00 ET (06:00 GMT)

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