TIDMMAB1

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     Abstain 
                                                      Chair's 
                                                      Discretion 
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: 
 investorrelations@mab.org.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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