Source - RNS
RNS Number : 9689N
Mortgage Advice Bureau(Holdings)PLC
26 May 2020
 

26 May 2020

Mortgage Advice Bureau (Holdings) plc ("MAB" or "the Company")

Result of AGM

At the Annual General Meeting ("AGM") of MAB, held earlier today at Capital House, Pride Place, Derby, DE24 8QR, all the resolutions put to the meeting were passed.

Summary of AGM Proxy Voting:

For information, the summary of the proxy voting is shown in the table below. The full text of the resolutions is shown in the Notice of the Annual General Meeting, which is available on the MAB website at  www.mortgageadvicebureau.com/investor-relations   and copies of all special resolutions will be submitted to the National Storage Mechanism and will be available for inspection at  www.Morningstar.co.uk/uk/NSM .

 

Resolutions

For

Against

Votes at Chair's Discretion

Abstain

1. To receive the annual report and accounts for the year ended 31 December 2019.

48,525,164

0

0

16

2. To approve the final dividend of 6.4 pence per share for the year ended 31 December 2019.

48,525,164

0

0

16

3. To approve the Directors' remuneration report for the year ended 31 December 2019.

48,452,564

22,000

0

50,616

4. To re-elect Katherine Innes Ker as a Director of the Company.

48,525,164

0

0

16

5. To re-elect Peter Brodnicki as a Director of the Company.

48,522,267

2,897

0

16

6. To re-elect Ben Thompson as a Director of the Company.

48,525,164

0

0

16

7. To re-elect Lucy Tilley as a Director of the Company.

48,216,664

0

0

308,516

8. To re-elect Nathan Imlach as a Director of the Company.

48,525,164

0

0

16

9. To re-elect Stephen Smith as a Director of the Company.

48,525,059

105

0

16

10. To re-elect David Preece as a Director of the Company.

33,173,345

15,041,472

0

310,363

11. To re-appoint BDO LLP as Auditors of the Company.

48,524,532

105

0

543

12. To authorise the Company's Audit Committee to determine the remuneration of the Auditors.

48,524,532

105

0

543

13. To authorise the Directors to allot shares in the Company.

48,519,447

0

0

5,733

14. To disapply statutory pre-emption rights.*

48,491,071

23,757

0

10,352

15. To disapply statutory pre-emption rights for an acquisition or specified capital investment.*

48,491,071

23,757

0

10,352

16. To enter into deeds of release for members and past and present directors in respect of prior dividends of the Company.*

33,850,936

0

0

14,674,244

The Company recognises that a significant proportion of the votes were cast against Resolution 10. The Board takes seriously its responsibilities to maintain a healthy dialogue with shareholders and has already engaged with a number of them to better understand their concerns. We will continue to listen to their views and will publish an update on our website in a timely fashion.

The total number of ordinary shares eligible to vote as at 26 May 2020 was 51,833,001.

* indicates a special resolution

Enquiries:

Mortgage Advice Bureau (Holdings) plc   +44 (0)1332 525007

Peter Brodnicki, Chief Executive Officer

Ben Thompson, Deputy Chief Executive Officer

Lucy Tilley, Chief Financial Officer

Nominated Adviser and Broker: 

Numis Securities Limited    Tel:  +44 (0)20 7260 1000

Stephen Westgate / Hugo Rubinstein (Corporate Finance)

 

Media Enquiries: 

[email protected]

 


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