Result of AGM

Released : 21 May 2015 12:34

RNS Number : 9337N
Bank of Georgia Holdings PLC
21 May 2015
 

London, 21 May 2015

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 4th Annual General Meeting (the AGM) held on Thursday, 21 May 2015. Details of the resolutions are set out in full in the Notice of AGM.

Resolutions 1 to 15 were passed as ordinary resolutions and resolutions 16 to 18 were passed as special resolutions. Although resolution 18 was passed, following discussions with our investors, the Company does not intend to utilise the authority granted to us.

The results of the poll were as follows:

 

RESOLUTION

VOTES
FOR

%

VOTES AGAINST

%

VOTES
TOTAL

% of ISC* VOTED

VOTES WITHHELD

1 To receive and accept the Company's Annual Report and Accounts, together with the reports of the Directors and auditors for the financial year ended 31 December 2014.

29,953,119

99.96

13,000

0.04

29,966,119

75.86%

1,175

2 To declare a final dividend of the Company for the financial year ended 31 December 2014 of GEL 2.1 per ordinary payable on 16 June 2015 to those shareholders on the register at the close of business on 5 June 2015.

29,967,294

100.00

0

0.00

29,967,294

75.87%

0

3 To receive and approve the Director's Remuneration Report.

28,081,250

93.98

1,799,042

6.02

29,880,292

75.65%

87,002

4 To re-elect Neil Janin, as Chairman of the Company.

29,892,468

99.75

74,618

0.25

29,967,086

75.87%

208

5 To re-elect Irakli Gilauri, as an Executive Director of the Company.

29,928,621

99.87

38,465

0.13

29,967,086

75.87%

208

6 To re-elect David Morrison, as a non-executive Director of the Company.

29,559,116

98.64

407,970

1.36

29,967,086

75.87%

208

7 To re-elect Alasdair Breach, as a non-executive Director of the Company.

29,605,838

98.79

361,248

1.21

29,967,086

75.87%

208

8 To re-elect Kaha Kiknavelidze, as a non-executive Director of the Company.

29,867,201

99.67

99,885

0.33

29,967,086

75.87%

208

9 To re-elect Kim Bradley, as a non-executive Director of the Company.

29,867,201

99.67

99,885

0.33

29,967,086

75.87%

208

10 To re-elect Bozidar Djelic, as a non-executive Director of the Company.

29,370,321

99.87

38,465

0.13

29,408,786

74.45%

558,508

11 To re-elect Tamaz Georgadze, as a non-executive Director of the Company.

29,928,621

99.87

38,465

0.13

29,967,086

75.87%

208

12 To re-appoint Ernst & Young LLP as Auditor to the Company.

29,905,670

99.79

61,624

0.21

29,967,294

75.87%

0

13 To authorise the Board to set the remuneration of the Auditor.

29,905,670

99.79

61,624

0.21

29,967,294

75.87%

0

14 To authorise political donations.

28,849,351

99.09

264,935

0.91

29,114,286

73.71%

853,008

15 To authorise the Directors to allot shares.

29,432,393

98.22

534,743

1.78

29,967,136

75.87%

158

16 To authorise the Directors to dis-apply pre-emption rights.

29,689,956

99.07

277,338

0.93

29,967,294

75.87%

0

17 To authorise the Company to purchase its own shares.

29,963,586

99.99

3,550

0.01

29,967,136

75.87%

158

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

23,660,655

78.95

6,306,638

21.05

29,967,293

75.87%

0

*Issued share capital

 

As at the date of the AGM, the Company had 39,500,320 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 39,500,320.  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 such votes 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 above.

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 shortly be available for inspection at www.morningstar.co.uk/uk/nsm.

 

Name of authorised official of issuer responsible for making notification:

 

Kate Bennett Rea, Company Secretary

 

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 36.9% market share), total loans (with a 34.7% market share) and client deposits (with a 32.5% market share) as of 31 March 2015, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia and includes Privatbank's market shares. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance and healthcare services to its clients. As of 31 March 2015, the Bank served approximately 1.5 million client accounts through one of the largest distribution networks in Georgia, with 219 branches, the country's largest ATM network, comprising 554 ATMs, 2,245 Express pay (self-service) terminals and a full-service remote banking platform and a modern call center.

 

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 or contact: 

Irakli Gilauri

Murtaz Kikoria

Ekaterina Shavgulidze

Chief Executive Officer

Deputy CEO, Finance

Head of Investor Relations

+995 322 444 109

+995 322 444 126

         +995 322 444 205

igilauri@bog.ge

mkikoria@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
 
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