REG - Secure Trust BankPLC - Change of Chairman and results of 2024 AGM

Secure Trust BankAnnouncement

16/05/2024 17:00

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RNS Number : 7978O  Secure Trust Bank PLC  16 May 2024

Secure Trust Bank PLC

16 May 2024

For immediate release

SECURE TRUST BANK PLC

 

Change of Chairman and results of the 2024 Annual General Meeting

 

Secure Trust Bank PLC (the 'Bank' or 'STB') confirms the appointment of Jim
Brown as Non-Executive Chairman and Chairman of the Nomination Committee,
in-line with the Company's announcement on 25 January 2024. This follows
receipt of the required regulatory approvals and Jim's election by
shareholders at the Annual General Meeting ('AGM') held today. Jim has
succeeded Lord Forsyth, who stepped down from the Board at the conclusion of
the AGM. The Board would like to extend, on behalf of all stakeholders, its
appreciation to Lord Forsyth for his significant contribution to the Group
throughout his tenure.

 

The Board is pleased to confirm all resolutions set out in the Notice of AGM
2024 were passed by shareholders at today's AGM. A summary of the poll results
in respect of each resolution is set out below.

 

                             Resolution                                                                     Votes for                    % of votes cast for  Votes against                               % of votes cast against  Withheld                                     Total votes cast
 1.                          To receive and adopt the Report and Accounts 2023                              12,614,663                   99.99%                250                                        0.01%                                541,137                                   13,156,050

 2.                          To receive and approve the Directors' Remuneration Report                               12,469,069          98.85%                            145,450                        1.15%                                541,531                                        13,156,050

 3.                          To declare a final dividend of 16.2 pence per ordinary share                            13,155,719          99.99%                                   293                     0.01%                                         38                                    13,156,050

 4.                          To elect Mr Jim Brown as a director                                                     13,130,290          99.81%                              24,779                       0.19%                                       981                                     13,156,050

 5.                          To re-elect Mr David McCreadie as a director                                            12,612,230          99.99%                                1,740                      0.01%                                542,080                                        13,156,050

 6.                          To re-elect Mrs Rachel Lawrence as a director                                           13,153,329          99.99%                                1,740                      0.01%                                       981                                     13,156,050

 7.                          To re-elect Mrs Ann Berresford as a director                                            13,047,914          99.19%                            107,155                        0.81%                                       981                                     13,156,050

 8.                          To elect Mrs Victoria Mitchell as a director                                            13,152,827          99.98%                                2,242                      0.02%                                       981                                     13,156,050

 9.                          To re-elect Mr Paul Myers as a director                                                 13,048,034          99.19%                            107,035                        0.81%                                       981                                     13,156,050

 10.                         To re-elect Mrs Victoria Stewart as a director                                          13,034,758          99.09%                            120,311                        0.91%                                       981                                     13,156,050

 11.                         To re-elect Mr Finlay Williamson as a director                                          13,047,742          99.18%                            107,327                        0.82%                                       981                                     13,156,050

 12.                         To re-appoint Deloitte LLP as auditor                                                   12,596,149          99.85%                              18,760                       0.15%                                541,141                                        13,156,050

 13.                         To authorise the Audit Committee to fix the remuneration of the auditor                 13,151,834          99.97%                                4,103                      0.03%                                       113                                     13,156,050

 14.                         THAT the Directors are authorised to allot shares and equity securities                 13,037,642          99.10%                            118,123                        0.90%                                       285                                     13,156,050

 15.                         THAT, in addition to resolution 14, the Directors be authorised to allot                12,496,376          94.99%                            659,389                        5.01%                                       285                                     13,156,050
                             shares and equity securities in relation to an issue of AT1 Securities

 16.                         THAT, subject to resolution 14, the Directors be authorised to allot equity             12,478,670          94.85%                            677,095                        5.15%                                       285                                     13,156,050
                             securities for cash as if section 561(1) of the Act did not apply

 17.                         THAT, subject to resolution 14 and in addition to 16, the Directors be                  12,478,670          94.85%                            677,095                        5.15%                                       285                                     13,156,050
                             authorised to allot equity securities for cash as if Section 561(1) did not

                             apply
 18.                         THAT, subject to resolution 15, the Directors be authorised to disapply                 12,498,358          95.00%                            657,407                        5.00%                                       285                                     13,156,050
                             Statutory Pre-Emption Rights in relation to an issue of AT1 Securities

 19.                         THAT the Company be authorised to make market purchases of ordinary shares of           13,138,073          99.87%                              17,000                       0.13%                                       977                                     13,156,050
                             40 pence each in the capital of the Company

 20.                         THAT the directors be authorised to call a General Meeting on 14 days' notice           13,112,752          99.67%                              43,185                       0.33%                                       113                                     13,156,050

 

The issued share capital of the Company comprises 19,065,720 shares and votes
cast as a percentage of the issued share capital amounted to 69.00%.
Resolutions 16 - 20 were passed as special resolutions.

 

The Company has sent copies of the resolutions passed at the AGM, other than
those concerning ordinary business, to the FCA's National Storage Mechanism
and they will shortly be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

 

‐ENDS-

Enquiries:

Secure Trust Bank PLC

Lisa Daniels, Company Secretary

Tel: 0121 693 9100

 

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