ONE Savings Bank PLC : Result of AGM

Published: 02.06.2015 16:33:43 CET

OneSavings Bank plc

Results of 2015 Annual General Meeting held on Tuesday 2 June 2015.

All resolutions were passed by the requisite majority on a poll; resolutions 1 to 16 as ordinary resolutions and resolutions 17 to 21 as special resolutions.

The following proxy votes were cast in respect of the AGM resolutions:

Ordinary Resolutions Total votes For % Total votes Against % Total votes cast % of issued share capital Votes withheld
  1.  
To receive the Accounts and the Reports 222,967,877 100.00% 0 0.00% 222,967,877 91.73% 492
  1.  
To approve the Remuneration Implementation Report 222,724,283 99.89% 243,594 0.11% 222,967,877 91.73% 492
  1.  
To approve the Remuneration Policy 216,736,072 97.21% 6,231,805 2.79% 222,967,877 91.73% 492
  1.  
To declare a dividend 222,968,369 100.00% 0 0.00% 222,968,369 91.73% 0
  1.  
To re-elect Rodney Duke 222,933,586 99.98% 34,291 0.02% 222,967,877 91.73% 492
  1.  
To re-elect Malcolm McCaig 222,933,586 99.98% 34,291 0.02% 222,967,877 91.73% 492
  1.  
To re-elect Timothy Hanford 222,967,877 100.00% 0 0.00% 222,967,877 91.72% 492
  1.  
To re-elect David Morgan 217,633,024 97.61% 5,334,853 2.39% 222,967,877 91.73% 492
  1.  
To re-elect Stephan Wilcke 222,967,877 100.00% 0 0.00% 222,967,877 91.73% 492
  1.  
To re-elect Andrew Golding 222,967,877 100.00% 0 0.00% 222,967,877 91.73% 492
  1.  
To re-elect April Talintyre 222,967,877 100.00% 0 0.00% 222,967,877 91.73% 492
  1.  
To re-appoint KPMG LLP as Auditors 214,420,507 96.17% 8,547,862 3.83% 222,968,369 91.73% 0
  1.  
To give authority to the Directors to fix the Auditors' remuneration 220,408,718 98.85% 2,559,651 1.15% 222,968,369 91.73% 0
  1.  
To give authority to allot shares 222,847,839 99.95% 120,038 0.05% 222,967,877 91.73% 492
  1.  
To give authority to allot shares - Regulatory Capital Convertible Instruments 213,812,971 95.89% 9,154,906 4.11% 222,967,877 91.73% 492
  1.  
To give authority to make political donations 216,978,466 97.31% 5,989,411 2.69% 222,967,877 91.73% 492
Special Resolutions              
  1.  
To approve the variation of the remuneration ratio 216,979,666 97.31% 5,988,211 2.69% 222,967,877 91.73% 492
  1.  
To give authority to disapply pre-emption rights 217,686,814 97.63% 5,281,063 2.37% 222,967,877 91.73% 492
  1.  
To give authority to disapply pre-emption rights - Regulatory Capital Convertible Instruments 211,382,984 94.80% 11,584,893 5.20% 222,967,877 91.73% 492
  1.  
To give authority to re-purchase shares 222,966,677 100.00% 1,692 0.00% 222,968,369 91.73% 0
  1.  
That a general meeting except an AGM may be called on not less than 14 clear days' notice 220,019,880 98.68 2,948,489 1.32% 222,968,369 91.73% 0

VOTES OF INDEPENDENT SHAREHOLDERS ON THE RESOLUTIONS CONCERNING THE RE-ELECTION OF THE INDEPENDENT NON-EXECUTIVE DIRECTORS
Ordinary Resolutions Total votes For % Total votes Against % Total votes cast % of issued share capital Votes withheld
  1.  
To re-elect Rodney Duke 80,589,613 99.96% 34,291 0.04% 80,623,904 80.03% 492
  1.  
To re-elect Malcolm McCaig 80,589,613 99.96% 34,291 0.04% 80,623,904 80.03% 492

Copies of the resolutions dealing with special business passed at the Annual General Meeting have been sent to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM 

NOTES:
1. 'Total Votes For' include votes recorded as at the discretion of the appointed proxy.
2. The 'vote withheld' option was provided to enable shareholders to refrain from voting on any particular resolution. A vote withheld is not a vote in law and has not been counted in the calculation of the proportion of the vote 'For' and 'Against' a resolution.
3. At the date of the AGM the issued share capital of the Company was 243,079,965 ordinary shares.
4. The full text of the resolutions is detailed in the Notice of Meeting to be found on the Company website at

www.osb.co.ukm/investor-relations/shareholder-information/annual-general-meeting