TIDMOSB
LEI: 213800WTQKOQI8ELD692
7 May 2020
OneSavings Bank plc
(the 'Company')
Results of Annual General Meeting (AGM)
Results of AGM
Results of the proxy voting for the 2020 AGM held on Thursday, 7 May
2020.
All resolutions were passed by the requisite majority on a poll;
resolutions 1 to 3 and 6 to 11 as ordinary resolutions, resolutions 4
and 12 to 16 as special resolutions. Resolution 5 was withdrawn due to
the unprecedented circumstances relating to COVID-19.
The following proxy votes were cast in respect of the AGM resolutions:
Total votes Total votes Total votes % of issued Votes
Ordinary Resolutions For % Against % cast share capital withheld
-------------------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To receive the Accounts
1 and the Reports 384,135,615 99.99% 41,772 0.01% 384,177,387 86.10% 1,236,514
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To approve the Remuneration
2 Report 346,107,741 89.80% 39,302,760 10.20% 385,410,501 86.38% 3,400
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To approve the Remuneration
3 Policy 362,457,659 94.37% 21,608,346 5.63% 384,066,005 86.07% 927,854
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To authorise the higher
variable
4 remuneration cap 381,448,385 99.99% 35,035 0.01% 381,483,420 85.50% 3,151,289
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To declare a dividend
5 (WITHDRAWN) n/a n/a n/a n/a n/a n/a n/a
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
6(a) To elect Noël Harwerth 384,888,777 99.86% 524,847 0.14% 385,413,624 86.38% 278
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
6(b) To elect Rajan Kapoor 384,881,845 99.86% 522,809 0.14% 385,404,654 86.37% 9,248
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
6(c) To re-elect David Weymouth 383,905,330 99.84% 619,909 0.16% 384,525,239 86.18% 888,663
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To re-elect John Graham
6(d) Allatt 384,760,360 99.83% 653,264 0.17% 385,413,624 86.38% 278
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
6(e) To re-elect Sarah Hedger 384,890,609 99.86% 523,015 0.14% 385,413,624 86.38% 278
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
6(f) To re-elect Mary McNamara 373,777,991 96.98% 11,635,632 3.02% 385,413,623 86.38% 278
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
6(g) To re-elect Andrew Golding 384,889,138 99.86% 524,486 0.14% 385,413,624 86.38% 278
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
6(h) To re-elect April Talintyre 384,454,176 99.75% 959,448 0.25% 385,413,624 86.38% 278
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To re-appoint Deloitte
7 LLP as Auditor 385,386,642 99.99% 26,400 0.01% 385,413,042 86.38% 860
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To give authority to
the Group Audit Committee
to agree the Auditor's
8 remuneration 385,408,687 100.00% 3,355 0.00% 385,412,042 86.38% 1,860
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To give authority to
9 make political donations 372,983,610 96.78% 12,428,792 3.22% 385,412,402 86.38% 1,500
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To give authority to
allot shares (general
10 authority) 381,519,810 98.99% 3,891,237 1.01% 385,411,047 86.38% 2,855
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To give authority to
allot shares (in relation
to Regulatory Capital
11 Convertible Instruments) 383,406,983 99.48% 2,004,064 0.52% 385,411,047 86.38% 2,855
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
Special Resolutions
-------------------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To give authority to
disapply pre-emption
12 rights (general authority) 380,244,752 98.66% 5,166,195 1.34% 385,410,947 86.38% 2,955
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To give authority to
disapply pre-emption
rights (acquisitions
and specified capital
13 investments) 382,219,507 99.17% 3,191,440 0.83% 385,410,947 86.38% 2,955
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To give authority to
disapply pre-emption
rights (in relation to
Regulatory Capital Convertible
14 Instruments) 381,265,556 98.92% 4,145,390 1.08% 385,410,946 86.38% 2,955
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To give authority to
15 purchase own shares 384,400,216 99.76% 934,008 0.24% 385,334,224 86.36% 79,677
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
To authorise the convening
of a general meeting
other than an AGM on
not less than 14 clear
16 days' notice 379,597,153 98.49% 5,816,749 1.51% 385,413,902 86.38% 0
----------- ------------------------------- ----------- ------- ----------- ------ ----------- -------------- ---------
NOTES:
1. 'Total Votes For' include votes recorded as at the discretion of the
appointed proxy.
2. The 'vote withheld' option was provided to enable shareholders to
refrain from voting on any particular resolution. A vote withheld is not
a vote in law and has not been counted in the calculation of the
proportion of the vote 'For' and 'Against' a resolution.
3. At the date of the AGM the issued share capital of the Company was
446,201,467 ordinary shares.
4. The full text of the resolutions is detailed in the Notice of Meeting
to be found on the Company website
https://www.globenewswire.com/Tracker?data=zZSNQQvKPgJyk_gS3CIWBcSF8NJdnlTl_HfumnYj1T9lMAHWEyYt-Awwi0YsUPlNj6Eda5kOCrP_6W3_s9LoY_t8nDfIcKl8t7hEJKIoB_0cMfw0uHUTEpsnFY025JCCKUN-pZ2Y3TVpfF_o57UOsPqm7pNwk6jk0n7AuZjyf-kpYf5rtEijjMoLYvzkiXuO-FfBDJSi1Z6zE96GgA8g9I7VeqMdXjx43jtXhNLg2qA=
https://www.osb.co.uk/investors/shareholder-services/agm-information/
Copies of the special business resolutions passed at the AGM have been
submitted to the UK Listing Authority, and will shortly be available for
inspection at the UK Listing Authority's National Storage Mechanism
which is located at
https://www.globenewswire.com/Tracker?data=zZSNQQvKPgJyk_gS3CIWBQRHPk3trwQOmDB-Cc2IwjXVqHpFxxKfCk_pvcBW55LQuLqB0qSiqH9BJmmR9UwA7x-rE_q2d1UU0Esl9GzRJ7f-_gYNFiYUsXEXuNreYeogRFs14X9Cg3Ecvo-GB_QupYnfKt5BAgxdv26RSKLd-vX1PEZ8DsQb2r14Xk44OYvK
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Board Changes
Tim Brooke, Margaret Hassall and Ian Ward left the Board at the
conclusion of the AGM.
Enquiries:
OneSavings Bank plc
Nickesha Graham-Burrell
Head of Company Secretariat
t: 01634 835 796
Brunswick Group
Robin Wrench/Simone Selzer
t: 020 7404 5959
Notes to Editors
About OneSavings Bank plc
OneSavings Bank plc (OSB) began trading as a bank on 1 February 2011 and
was admitted to the main market of the London Stock Exchange in June
2014 (OSB.L). OSB joined the FTSE 250 index in June 2015. On 4 October
2019, OSB acquired Charter Court Financial Services Group plc (CCFS) and
its subsidiary businesses. OSB is a specialist lending and retail
savings Group authorised by the Prudential Regulation Authority, part of
the Bank of England, and regulated by the Financial Conduct Authority
and Prudential Regulation Authority.
OneSavings Bank
OSB primarily targets market sub-sectors that offer high growth
potential and attractive risk-adjusted returns in which it can take a
leading position and where it has established expertise, platforms and
capabilities. These include private rented sector Buy-to-Let, commercial
and semi-commercial mortgages, residential development finance, bespoke
and specialist residential lending, secured funding lines and asset
finance.
OSB originates mortgages organically via specialist brokers and
independent financial advisers through its specialist brands including
Kent Reliance for Intermediaries, InterBay Commercial and Prestige
Finance. It is differentiated through its use of highly skilled, bespoke
underwriting and efficient operating model.
OSB is predominantly funded by retail savings originated through the
long-established Kent Reliance name, which includes online and postal
channels as well as a network of branches in the South East of England.
Diversification of funding is currently provided by securitisation
programmes, the Term Funding Scheme and the Bank of England Indexed
Long-Term Repo operation.
Charter Court Financial Services Group
CCFS focuses on providing Buy-to-Let and specialist residential
mortgages, mortgage servicing, administration and credit consultancy and
retail savings products. It operates through its three brands -- Precise
Mortgages, Exact Mortgage Experts and Charter Savings Bank.
It is differentiated through risk management expertise and best-of-breed
automated technology and systems, ensuring efficient processing, strong
credit and collateral risk control and speed of product development and
innovation. These factors have enabled strong balance sheet growth
whilst maintaining high credit quality mortgage assets.
CCFS is predominantly funded by retail savings originated through its
Charter Savings Bank brand. Diversification of funding is currently
provided by securitisation programmes, the Term Funding Scheme and the
Bank of England Indexed Long-Term Repo operation.
(END) Dow Jones Newswires
May 07, 2020 07:08 ET (11:08 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Osb (LSE:OSB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Osb (LSE:OSB)
Historical Stock Chart
From Jul 2023 to Jul 2024
