Mortgage Advice Bureau (Hldgs) PLC Result of AGM (5492A)
25 May 2023 - 2:16AM
UK Regulatory
TIDMMAB1
RNS Number : 5492A
Mortgage Advice Bureau (Hldgs) PLC
24 May 2023
24 May 2023
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, 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
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Resolutions For Against Votes at Abstain
Chair's
Discretion
1. To receive the
annual report and
accounts for the
year ended 31 December
2022. 51,540,858 0 0 86,520
2. To approve the
final dividend of
14.7 pence per ordinary
share for the year
ended 31 December
2022. 51,625,778 0 0 1,600
3. To approve the
Directors' remuneration
report for the year
ended 31 December
2022. 26,258,785 21,108,556 0 4,260,037
4. To re-elect Katherine
Innes Ker as a Director
of the Company. 49,311,962 2,312,979 0 2,437
5. To re-elect Peter
Brodnicki as a Director
of the Company. 50,156,252 1,468,689 0 2,437
6. To re-elect Ben
Thompson as a Director
of the Company. 51,484,205 140,736 0 2,437
7. To re-elect Lucy
Tilley as a Director
of the Company. 51,427,477 140,464 57,000 2,437
8. To re-elect Nathan
Imlach as a Director
of the Company. 51,147,277 477,664 0 2,437
9. To re-elect David
Preece as a Director
of the Company. 50,155,586 1,468,961 0 2,831
10. To re-elect
Mike Jones as a
Director of the
Company. 51,146,464 477,664 0 3,250
11. To re-appoint
BDO LLP as Auditors
of the Company. 51,559,208 64,232 0 3,938
12. To authorise
the Company's Audit
Committee to determine
the remuneration
of the Auditors. 51,622,545 1,289 0 3,544
13. To authorise
the Directors to
allot shares in
the Company. 51,622,703 1,035 0 3,640
14. To disapply
statutory pre-emption
rights.* 50,806,027 817,327 0 4,024
15. To disapply
statutory pre-emption
rights for an acquisition
or specified capital
investment.* 50,806,027 817,327 0 4,024
The total number of ordinary shares eligible to vote as at 24
May 2023 is 57,127,034.
Board response to Resolution 3 - approval of the Directors'
Remuneration Report
While the Board notes that all other resolutions were passed
with strong majorities, we acknowledge that the advisory vote on
the Directors' Remuneration Report was passed with 55.4%. We have
consulted with a number of shareholders and understand that the
payment of transaction bonuses was the element of the 2022
remuneration to which a significant number of shareholders
objected. We have set out in the 2022 Directors' Remuneration
Report the revised remuneration structure adopted from 2023
onwards, with a rebalancing of incentives in favour of longer term
objectives, and confirm that in future, transaction bonuses will
not be paid.
* 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 Joint Broker:
Numis Securities Limited +44 (0)20 7260
Stephen Westgate / Giles Rolls 1000
Joint Broker:
Peel Hunt LLP +44 (0) 20 7418
Andrew Buchanan / Mike Burke 8900
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RAGSEMFDLEDSEII
(END) Dow Jones Newswires
May 24, 2023 12:16 ET (16:16 GMT)
Mortgage Advice Bureau (... (LSE:MAB1)
Historical Stock Chart
From Apr 2024 to May 2024
Mortgage Advice Bureau (... (LSE:MAB1)
Historical Stock Chart
From May 2023 to May 2024