TIDMPFG

RNS Number : 3405M

Provident Financial PLC

07 May 2020

Provident Financial plc ("the Company")

Results of Annual General Meeting and Notice of Trading Update

Notice of Trading Update

The Company wishes to inform the market that it intends to publish its Q1 trading statement (covering the first three months of the year) on Wednesday 27 May 2020. The statement will provide shareholders and analysts with an update as to how the Group is adapting its lending and collections activities for the COVID-19 restrictions currently in place.

Results of Annual General Meeting

The Company announces the results of the voting by poll on the resolutions put to its annual general meeting (AGM) today, Thursday 7 May 2020.

A poll was held on each of the resolutions set out in the notice of AGM (with the exception of resolution 3) and the results of the poll are set out below. All of the resolutions voted on at the AGM were duly passed.

As announced by the Company on 27 March 2020 and in light of the evolving coronavirus outbreak, the Board withdrew its recommendation for resolution 3 relating to the 2019 final dividend of 16.0p per share and the resolution was not proposed at the AGM.

 
                                      Number of      % of     Number of votes       % of        Number        Total 
                                      votes cast     votes     cast "Against"       votes       of votes      votes 
                                        "For"        cast                           cast        Withheld       cast 
                                                     "For"                        "Against"                    as a 
                                                                                                               % of 
                                                                                                              Issued 
                                                                                                              Share 
                                                                                                             Register 
---------------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
  RESOLUTION 
---------------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Directors' and 
          auditor's reports 
          and the financial 
  1.      statements                 195,708,941    99.98         31,412            0.02        194,571       77.18 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Approval of the 
          annual statement 
          by the chairman 
          of the remuneration 
          committee and 
          the annual report 
  2.      on remuneration            186,927,706    95.53        8,747,218          4.47        260,000       77.15 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
  3.     That a final                    ---         ---            ---             ---           ---          --- 
          dividend of 16.0p 
          per share be 
          declared* 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Re-election of 
          Andrea Blance 
  4.      as a Director              195,825,067    99.95         96,162            0.05        13,696        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Re-election of 
          Elizabeth Chambers 
  5.      as a Director              195,717,937    99.90         203,292           0.10        13,696        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Election of Robert 
  6.      East as a Director         195,900,160    99.99         20,918            0.01        13,847        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Re-election of 
          Paul Hewitt as 
  7.      a Director                 195,859,053    99.97         62,176            0.03        13,696        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Election of Neeraj 
  8.      Kapur as a Director        195,634,539    99.85         285,289           0.15        15,097        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Re-election of 
          Angela Knight 
  9.      as a Director              195,401,584    99.73         519,645           0.27        13,696        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Re-election of 
          Malcolm Le May 
  10.     as a Director              195,843,819    99.96         77,410            0.04        13,696        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Election of Graham 
          Lindsay as a 
  11.     Director                   195,856,209    99.97         63,619            0.03        15,097        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Re-election of 
          Patrick Snowball 
  12.     as a Director              195,842,162    99.96         79,067            0.04        13,696        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Reappointment 
          of Deloitte LLP 
          as the Auditor 
  13.     of the Company             193,174,945    99.99          5,891            0.01       2,754,089      76.17 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Audit committee 
          to determine 
          the Auditor's 
  14.     Remuneration               195,760,529    99.92         159,450           0.08        14,946        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Company granted 
          authority to 
          make political 
  15.     donations                  195,586,227    99.83         331,367           0.17        17,331        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Directors authorised 
  16.     to allot shares            195,348,453    99.71         572,776           0.29        13,696        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Company authorised 
          to purchase its 
  17.     own shares                 193,097,997    98.58        2,785,669          1.42        51,258        77.24 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Company authorised 
          to disapply pre-emption 
  18.     rights                     195,726,943    99.90         188,100           0.10        19,882        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Company authorised 
          to disapply pre-emption 
          rights (in relation 
          to acquisitions 
          and specified 
  19.     capital investments)       192,969,263    98.49        2,952,215          1.51        13,446        77.25 
-----  --------------------------  -------------  --------  -----------------  ------------  -----------  ----------- 
         Convening of 
          a general meeting 
          on not less than 
          14 days' notice 
  20.     authorised                 192,465,036    98.24        3,456,193          1.76        13,696        77.25 
=====  ==========================  =============  ========  =================  ============  ===========  =========== 
 

Notes

   1.   Votes "For" and "Against" are expressed as a percentage of votes received. 

2. A "vote withheld" is not a vote in law and is therefore not counted towards the proportion of votes "For" or "Against" a resolution.

3. As at 6.30pm on Tuesday 5 May 2020, the time by which shareholders who wanted to vote at the AGM must have been entered on the Company's register of members, there were 253,615,794 ordinary shares in issue and 77.25% of the voting capital was instructed. Shareholders are entitled to one vote per share.

* As per the Company's Announcement dated 27 March 2020, the Resolution regarding the payment of a final dividend of 16.0p per share was withdrawn.

In accordance with Listing Rule 9.6.2R, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM .

Name of contact and telephone number for AGM queries:

Charley Davies

Company Secretary

0203 620 3689

Name of contacts and contact details for Investor Relations:

Vicki Turner / Owen Jones

01274 351 900

investors@providentfinancial.com

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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May 07, 2020 12:45 ET (16:45 GMT)

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