Result of AGM

Released : 09 May 2017 12:50

RNS Number : 6249E
Non-Standard Finance PLC
09 May 2017
 

 

 

Non-Standard Finance plc

 

("Non-Standard Finance," "NSF", the "Company" or the "Group")

 

Result of Annual General Meeting

 

 

9 May 2017

 

Non-Standard Finance is pleased to announce that all resolutions proposed at the Company's Annual General Meeting, held at 11.00 am today, were duly approved by shareholders. The resolutions and voting outcomes are set out below:

 


IN FAVOUR

AGAINST

VOTES WITHHELD

Number of

Shares

% Voting Shares

Number of

Shares

% Voting Shares

Number of Shares

RESOLUTION






1.

Report and Accounts

264,736,814

100.00

0

0.00

0

2.

Remuneration Report

264,148,890

99.78

587,924

0.22

0

3.

Remuneration Policy

255,868,233

96.65

8,855,442

3.35

13,139

4.

Final Dividend

264,736,814

100.00

0

0.00

0

5.

Long-term Incentive

256,360,039

96.84

8,363,636

3.16

13,139

6.

Sharesave Plan

264,668,052

99.97

68,762

0.03

0

7.

Elect John Van Kuffeler

264,136,237

99.77

600,577

0.23

0

8.

Elect Nicholas Teunon

264,136,237

99.77

600,577

0.23

0

9.

Elect Miles Cresswell-Turner

264,136,237

99.77

600,577

0.23

0

10.

Elect Charles Gregson

210,297,636

99.37

1,343,543

0.63

53,095,635

11.

Elect Heather McGregor

264,736,814

100.00

0

0.00

0

12.

Re-appoint Auditor

256,372,678

100.00

500

0.00

8,363,636

13.

Remuneration of Auditor

264,736,314

100.00

500

0.00

0

14.

Allot Shares in Company

264,026,980

99.74

696,695

0.26

13,139

15.

Disapply pre-emption rights (Special Resolution)

264,723,675

100.00

0

0.00

13,139

16.

Disapply pre-emption rights in relation to acquisitions and specified capital investments (Special Resolution)

256,360,039

96.84

8,363,636

3.16

13,139

17.

Authority for company to purchase its own shares (Special Resolution)

256,360,039

96.84

8,363,636

3.16

13,139

18.

Notice for a general meeting (Special Resolution)

264,533,825

99.92

202,989

0.08

0

 

 

Notes:

1. Percentage of voting shares is the percentage of shares voted and excludes shares on which votes were withheld

2. Total number of shares voted = 264,736,814

3. Total number of shares in issue = 317,049,682

For more information: 

Non-Standard Finance plc

Peter Reynolds, Director, IR and Communications

 

+44 (0) 20 3869 9026

 

Bell Pottinger

Dan de Belder

Aarti Iyer

Molly Stewart

 

+44 (0) 20 3772 2500

 

About Non-Standard Finance

Non-Standard Finance plc is listed on the main market of the London Stock Exchange (ticker: NSF) and was established in 2014 to acquire and grow businesses in the UK's non-standard consumer finance sector. Under the direction of its highly experienced main board, the Company has acquired a sustainable group of businesses offering credit to the c.10-12 million UK adults who are not served by (or choose not to use) mainstream financial institutions. Its three business areas are: unsecured branch-based loans, home-collected credit and guaranteed loans.  Each business now has access to increased levels of funding and has benefited from stronger management controls; has refined its product pricing in a number of areas; has introduced new compliance protocols; and is investing in new IT infrastructure and systems. These changes have been implemented to balance the delivery of improved customer outcomes with the generation of substantial returns for shareholders.  In the year ended 31 December 2016, the Group generated reported revenue of £72.6m; pro forma normalised revenue of £94.7m; reported operating loss of £5.2m and pro forma normalised operating profit, before temporary agent commission, of £20.5m.  As at 31 December 2016, the Group had a combined loan book of £165m (before fair value adjustments).  For more information see www.nonstandardfinance.com.

 


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