REG - VPC Specialty - Result of AGM

VPC Specialty Lending InvestmentsAnnouncement

12/06/2024 18:30

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RNS Number : 2208S  VPC Specialty Lending Invest. PLC  12 June 2024

VPC Specialty Lending Investments plc

(the "Company")

 

12 June 2024

 

Annual General Meeting Results

 

The Company announces that at its Annual General Meeting ("AGM") held today
all of resolutions set out in the Notice of AGM were passed by the requisite
majority. Each resolution put to the AGM was voted on by way of a poll. The
results of the poll for each resolution were as follows:

 

 Resolution                                                                   For               For     Against           Against  Votes Withheld    Total Share Capital Voted (%)

                                                                              (No. of shares)   (%)     (No. of shares)   (%)      (No. of shares)

 1.   To receive the Annual Report and Accounts                               191,423,979       99.88%  223,017           0.12%    21,146            68.87%

 2.   To approve the Directors' Remuneration Report                           191,057,279       99.72%  538,144           0.28%    72,719            68.85%

 3.   To approve the Dividend Policy                                          191,490,486       99.92%  156,510           0.08%    21,146            68.87%

 4.   To re-elect Graeme Proudfoot as a Director                              159,826,069       83.43%  31,749,531        16.57%   92,542            68.84%

 5.   To re-elect Oliver Grundy as a Director                                 176,587,606       92.18%  14,987,995        7.82%    92,541            68.84%

 6.   To re-elect Mark Katzenellenbogen as a Director                         159,362,170       83.20%  32,174,216        16.80%   131,756           68.83%

 7.   To re-appoint PricewaterhouseCoopers LLP as auditors of the Company     191,469,910       99.92%  150,665           0.08%    47,567            68.86%

 8.   To authorise the Audit and Valuation Committee to determine the         191,509,836       99.94%  121,954           0.06%    36,352            68.86%
 auditors' remuneration

 9.   To authorise the Directors to allot ordinary shares                     152,916,867       79.80%  38,708,073        20.20%   43,202            68.86%

 10. To authorise the Directors to allot and issue B shares                   187,768,493       97.99%  3,854,804         2.01%    44,845            68.86%

 11. To dis-apply pre-emption rights.*                                        146,701,467       76.56%  44,903,403        23.44%   63,272            68.85%

 12. To authorise the Company to make market purchases of its own ordinary    158,857,076       82.89%  32,793,443        17.11%   17,623            68.87%
 shares.*

 13. To authorise the Directors to hold general meetings on not less than 14  187,360,928       97.76%  4,289,592         2.24%    17,622            68.87%
 clear days' notice.*

*Special Resolution

 

The Board will engage with those shareholders that voted against Resolutions 9
and 11 in order to understand their concerns. The Board will update
shareholders on the outcome of these discussions.

 

 

 NOTES:

 1.      All resolutions were passed.

 2.      Proxy appointments which gave discretion to the Chairman of the AGM have been
         included in the "For" total for the appropriate resolution.

 3.      Votes "For" and "Against" any resolution are expressed as a percentage of
         votes validly cast for that resolution.

 4.      A "Vote withheld" is not a vote in law and is not counted in the calculation
         of the percentage of shares voted "For" or "Against" any resolution nor in the
         calculation of the proportion of "Total issued share capital instructed" for
         any resolution.

 5.      The number of shares in issue at close of business on 12 June 2024 was
         278,276,392 (the "Share Capital") and at that time, the Company held
         104,339,273 shares in treasury.

 6.      The proportion of "Total issued share capital instructed" for any resolution
         is the total of votes validly cast for that resolution (i.e. the total votes
         "For" and "Against" that resolution) expressed as a percentage of the Share
         Capital.

 7.      The full text of the resolutions passed at the AGM can be found in the Notice
         of Annual General Meeting which is available on the Company's website at
         www.vpcspecialtylending.com (http://www.vpcspecialtylending.com) .

 8.      A copy of resolutions 11-13 passed at the AGM will shortly be submitted to the
         National Storage Mechanism and will be available for inspection at
         https://data.fca.org.uk/#/nsm/nationalstoragemechanism
         (https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 9.      The complete poll results will be available shortly on the Company's website
         at www.vpcspecialtylending.com (http://www.vpcspecialtylending.com)

 

Link Company Matters Limited

Secretary

LEI: 549300UPEXC5DQB81P34

 

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