Result of AGM

Released : 23 May 2013 17:25

RNS Number : 4861F
Bank of Georgia Holdings PLC
23 May 2013
 

London, 23 May 2013

Bank of Georgia Holdings PLC - Result of AGM

The Board of Directors of Bank of Georgia Holdings PLC (the Company) announces the results of voting on the resolutions put to shareholders at its 2nd Annual General Meeting (the AGM) held on Thursday, 23 May 2013. Details of the resolutions are set out in full in the Notice of AGM.

A poll was held on each resolution and each was passed by the requisite majority.  Resolutions 1 to 15 were passed as ordinary resolutions and resolutions 16 to 18 were passed as special resolutions.

The results of the poll were as follows:

 

RESOLUTION

VOTES
FOR

%

VOTES AGAINST

%

VOTES
TOTAL

% of ISSUED SHARE CAPITAL VOTED

VOTES WITHHELD

1

To receive the Company's annual report and accounts, together with the report of Directors and auditors

25,262,830

99.96

10,406

0.04

25,273,236

70.38%

0

2

To declare a final dividend in the amount of GEL 1.5 per ordinary share payable in British Pounds Sterling on the 19th of June to shareholders registered at the close of business on the 7th of June

25,273,237

100.00

0

0.00

25,273,237

70.38%

0

3

To approve the Director's Remuneration Report set out on pages 80 to 89 of he annual report and accounts

21,904,067

90.93

2,183,850

9.07

24,087,917

67.08%

1,185,319

4

To re-elect Neil Janin as a Director

25,197,641

99.70

75,488

0.30

25,273,129

70.38%

107

5

To re-elect Irakli Gilauri as a Director

25,240,615

99.87

32,515

0.13

25,273,130

70.38%

107

6

To re-elect David Morrison as a Director

25,197,642

99.73

68,272

0.27

25,265,914

70.36%

7,321

7

To re-elect Alasdair Breach as a Director

25,237,424

99.86

35,705

0.14

25,273,129

70.38%

107

8

To re-elect Allan Hirst as a Director

25,204,857

99.73

68,272

0.27

25,273,129

70.38%

107

9

To re-elect Kakhaber Kiknavelidze as a Director

25,230,209

99.86

35,705

0.14

25,265,914

70.36%

7,321

10

To re-elect Ian Hague as a Director

25,221,391

99.80

51,738

0.20

25,273,129

70.38%

107

11

To re-elect Hanna-Leena Loikkanen as a Director

25,124,151

99.79

51,763

0.21

25,175,914

70.11%

97,321

12

To re-appoint Ernst & Young LLP as the auditor for the company

25,272,340

100.00

0

0.00

25,272,340

70.38%

897

13

To authorize the Board to set Ernst & Young LLP's fees

25,266,504

100.00

201

0.00

25,266,705

70.36%

6,531

14

To authorise political donations

21,372,593

84.57

3,899,747

15.43

25,272,340

70.38%

897

15

To authorise the Directors to allot shares

24,264,656

96.01

1,008,581

3.99

25,273,237

70.38%

0

16

To dis-apply pre-emption rights

24,312,896

96.20

960,234

3.80

25,273,130

70.38%

107

17

To authorise the purchase of its own shares by the Company

25,273,130

100.00

107

0.00

25,273,237

70.38%

0

18

To authorise the Company to call general meetings on not less than 14 days' clear notice

21,922,816

87.30

3,188,050

12.70

25,110,866

69.93%

162,371

As at the date of the AGM, the Company had 35,909,383 ordinary shares in issue. The Company did not hold any shares in treasury and therefore the number of total voting rights as at the date of the AGM was 35,909,383.  In accordance with the Company's Articles of Association, on a poll every member who is present in person or by proxy has one vote for every share held.  The scrutineer of the poll was Computershare Investor Services PLC, the Company's Share Registrar.

Note that a "vote withheld" is not a vote in law and have not been included in the calculation of votes "for" and "against" each resolution.  Proxy appointments which gave discretion to the Chairman have been included in the "for" total.

In accordance with Listing Rule 9.6.2, copies of the resolutions which constitute special business at the AGM (being resolutions 15-18) will be submitted to the National Storage Mechanism and will be shortly be available for inspection at www.Hemscott.com/nsm.do

 

 

 

About Bank of Georgia Holdings PLC

Bank of Georgia Holdings plc is a UK-incorporated holding company of Bank of Georgia. Bank of Georgia is the leading Georgian bank, based on total assets (with a 36.1% market share), total loans (with a 34.1% market share) and total deposits (with a 32.9% market share) as of 31 March 2013, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.

 

Bank of Georgia has, as of the date hereof, the following credit ratings:

Standard & Poor's

'BB-/B'


FitchRatings

'BB-/B'


Moody's

'B1/NP' (FC) & 'Ba3/NP' (LC)


For further information, please visit www.bgh.co.uk, www.bog.ge/ir or contact: 

 

Irakli Gilauri

Macca Ekizashvili


Chief Executive Officer

Head of Investor Relations


+995 322 444 109

+995 322 444 256


igilauri@bog.ge

ir@bog.ge


 

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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