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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Virgin Money UK PLC    CYBG   GB00BD6GN030

VIRGIN MONEY UK PLC

(CYBG)
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CYBG : Results of Annual General Meeting

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01/29/2020 | 07:40am EDT
Results of Annual General Meeting

Released : 29 Jan 2020 12:01

RNS Number : 3185B
Virgin Money UK PLC
29 January 2020

Virgin Money UK PLC

(Company)

LEI: 213800ZK9VGCYYR6O495

RESULTS OF ANNUAL GENERAL MEETING ON 29 JANUARY 2020

29 January 2020

The Board of Directors of the Company announces that at the Company's Annual General Meeting held today, resolutions 1 to 25 were duly passed by the Company's shareholders by way of a poll. The results of the poll are set out below.

Resolution

For

Against

Total

Withheld

No. of Votes

% of Vote

No. of Votes

% of Vote

No. of Votes

No. of Votes

1. To receive the Annual Report and Financial Statements for the year ended 30 September 2019

1,002,120,099

99.05

9,594,892

0.95

1,011,714,991

3,008,040

2. To approve the Directors' Remuneration Policy for the year ended 30 September 2019

998,049,041

99.50

5,037,177

0.50

1,003,086,218

11,636,931

3. To approve the Directors' Annual Report on Remuneration for the year ended 30 September 2019

831,649,025

82.67

174,356,549

17.33

1,006,005,574

8,714,173

4. To re-elect David Bennett as a Director of the Company

1,011,758,591

99.92

791,351

0.08

1,012,549,942

2,146,345

5. To re-elect Paul Coby as a Director of the Company

1,011,739,078

99.92

793,843

0.08

1,012,532,921

2,163,127

6. To re-elect David Duffy as a Director of the Company

1,011,714,535

99.92

824,979

0.08

1,012,539,514

2,152,830

7. To re-elect Geeta Gopalan as a Director of the Company

1,011,800,941

99.93

729,552

0.07

1,012,530,493

2,155,074

8. To re-elect Adrian Grace as a Director of the Company

975,367,644

96.33

37,142,094

3.67

1,012,509,738

2,164,520

9. To re-elect Fiona MacLeod as a Director of the Company

1,002,003,712

98.97

10,441,962

1.03

1,012,445,674

2,155,651

10. To re-elect Jim Pettigrew as a Director of the Company

1,010,409,215

99.79

2,100,754

0.21

1,012,509,969

2,178,688

11. To re-elect Darren Pope as a Director of the Company

1,011,824,390

99.93

694,548

0.07

1,012,518,938

2,175,891

12. To re-elect Teresa Robson-Capps as a Director of the Company

1,011,664,217

99.91

879,269

0.09

1,012,543,486

2,145,184

13. To re-elect Ian Smith as a Director of the Company

1,011,593,499

99.91

886,028

0.09

1,012,479,527

2,180,002

14. To re-elect Amy Stirling as a Director of the Company

1,011,578,887

99.92

789,134

0.08

1,012,368,021

2,274,087

15. To re-elect Tim Wade as a Director of the Company

1,011,580,222

99.91

927,534

0.09

1,012,507,756

2,162,588

16. To re-appoint Ernst & Young LLP as auditors

1,001,826,653

98.94

10,736,722

1.06

1,012,563,375

2,135,156

17. To authorise the Audit Committee to determine the remuneration of the auditors

1,011,797,888

99.93

732,707

0.07

1,012,530,595

2,099,917

18. To authorise the Directors to allot shares

960,838,082

94.89

51,740,353

5.11

1,012,578,435

2,134,338

19. To authorise the Directors to disapply statutory pre-emption rights in respect of 5% of the Company's issued share capital

960,766,322

95.49

45,419,896

4.51

1,006,186,218

8,540,747

20. To authorise the Directors to disapply statutory pre-emption rights in respect of an additional 5% of the Company's issued share capital

926,408,085

92.07

79,761,148

7.93

1,006,169,233

8,544,857

21. To authorise the Directors to allot equity securities in connection with AT1 Securities

995,011,298

98.90

11,051,763

1.10

1,006,063,061

8,638,069

22. To authorise the Directors to disapply statutory pre-emption rights in respect of the allotment of equity securities in connection with AT1 Securities and issue further AT1 Securities

993,630,275

98.77

12,394,196

1.23

1,006,024,471

8,699,750

23. To permit the Company to purchase its own shares

1,002,429,507

99.01

9,999,377

0.99

1,012,428,884

2,298,337

24. To permit the Company to enter into a contingent purchase contract between the Company and Citigroup Global Markets Australia Pty Limited for the purchase by the Company of ordinary shares converted from CHESS Depositary Interests (CDIs)

1,001,534,758

98.96

10,493,774

1.04

1,012,028,532

2,648,428

25. To authorise the Company to make political donations and incur political expenditure

945,942,213

93.43

66,569,212

6.57

1,012,511,425

2,210,286

Votes 'For' and 'Against' are expressed as a percentage of the total votes received.

A 'Vote withheld' is not treated as a vote in law and would not be counted in the calculation of the proportion of the votes cast 'For' or 'Against' a resolution.

The current issued share capital of the Company consists of 1,436,243,906 ordinary shares of 10 pence, carrying one vote each.

In accordance with the Listing Rule 9.6.2 copies of all resolutions other than resolutions concerning ordinary business passed at today's Annual General Meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

Announcement authorised for release by Lorna McMillan, Group Company Secretary.

For further information, please contact:

Investors and Analysts

Andrew Downey

07823 443 150

Head of Investor Relations

andrew.downey@virginmoneyukplc.com

Company Secretary

Lorna McMillan

07834 585 436

Group Company Secretary

lorna.mcmillan@virginmoneyukplc.com

Media Relations

Press Office

0800 066 5998

press.office@virginmoneyukplc.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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Disclaimer

Virgin Money plc published this content on 29 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2020 12:39:01 UTC

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Financials (GBP)
Sales 2020 1 577 M
EBIT 2020 704 M
Net income 2020 126 M
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Yield 2020 3,67%
P/E ratio 2020 9,11x
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Capitalization 876 M
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David Joseph Duffy Chief Executive Officer & Executive Director
James Neilson Pettigrew Chairman
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