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Funding Circle Plc (FCH)
Funding Circle Plc: RAG-Result of AGM
15-May-2024 / 16:09 GMT/BST
15 May
2024
Funding Circle
Holdings plc (the “Company”)
Poll Results of
2024 Annual General Meeting
Following its Annual General
Meeting (“AGM”) held today, the Company announces that all
resolutions proposed to shareholders as set out in the Notice of
AGM were carried by the requisite majority on a
poll.
Resolutions 1 to 16 were passed as
ordinary resolutions and resolutions 17 to 20 were passed as
special resolutions. The table set out below shows the votes cast
on each resolution.
|
Resolution
|
Votes
for
|
Votes
against
|
Total votes
cast
|
Votes
withheld
|
|
Number
|
%
|
Number
|
%
|
Number
|
% of
ISC
|
|
1.
|
To receive the Annual Report and
Accounts of the Company for the year ended 31 December
2023
|
266,255,232
|
100.00
|
2,250
|
0.00
|
266,257,482
|
74.98%
|
7,713
|
|
2.
|
To approve the Directors’
Remuneration Policy
|
262,845,251
|
98.73
|
3,377,814
|
1.27
|
266,223,065
|
74.97%
|
42,130
|
|
3.
|
To approve the Directors’
Remuneration Report
(excluding the Directors’
Remuneration Policy)
|
265,526,769
|
99.74
|
696,296
|
0.26
|
266,223,065
|
74.97%
|
42,130
|
|
4.
|
To reappoint
PricewaterhouseCoopers LLP as auditors of the Company
|
266,186,785
|
99.99
|
32,768
|
0.01
|
266,219,553
|
74.97%
|
45,642
|
|
5.
|
To authorise the Audit and Risk
Committee to fix the remuneration of the auditors
|
266,226,327
|
99.99
|
31,155
|
0.01
|
266,257,482
|
74.98%
|
7,713
|
|
6.
|
To re-elect Andrew Learoyd as a
Director
|
222,516,049
|
83.57
|
43,741,205
|
16.43
|
266,257,254
|
74.98%
|
7,941
|
|
7.
|
To re-elect Lisa Jacobs as
Director
|
266,249,671
|
100.00
|
9,084
|
0.00
|
266,258,755
|
74.98%
|
6,440
|
|
8.
|
To re-elect Oliver White as a
Director
|
266,245,546
|
100.00
|
13,209
|
0.00
|
266,258,755
|
74.98%
|
6,440
|
|
9.
|
To re-elect Geeta Gopalan as a
Director
|
254,169,449
|
95.46
|
12,089,305
|
4.54
|
266,258,754
|
74.98%
|
6,441
|
|
10.
|
To re-elect Helen Beck as a
Director
|
254,169,109
|
95.46
|
12,089,645
|
4.54
|
266,258,754
|
74.98%
|
6,441
|
|
11.
|
To re-elect Matthew King as a
Director
|
255,214,124
|
95.85
|
11,043,131
|
4.15
|
266,257,255
|
74.98%
|
7,940
|
|
12.
|
To re-elect Samir Desai as a
Director
|
235,096,453
|
88.30
|
31,162,302
|
11.70
|
266,258,755
|
74.98%
|
6,440
|
|
13.
|
To re-elect Hendrik Nelis as a
Director
|
233,591,724
|
87.74
|
32,631,341
|
12.26
|
266,223,065
|
74.97%
|
42,130
|
|
14.
|
To re-elect Neil Rimer as a
Director
|
244,589,938
|
91.87
|
21,631,627
|
8.13
|
266,221,565
|
74.97%
|
43,630
|
|
15.
|
Political donations
|
245,661,606
|
92.26
|
20,597,376
|
7.74
|
266,258,982
|
74.98%
|
6,213
|
|
16.
|
Directors’ authority to allot
shares *
|
219,097,472
|
82.29
|
47,160,306
|
17.71
|
266,257,778
|
74.98%
|
7,417
|
|
17.
|
Disapplication of pre-emption
rights *
|
209,019,704
|
78.52
|
57,164,685
|
21.48
|
266,184,389
|
74.96%
|
80,806
|
|
18.
|
Disapplication of pre-emption
rights in connection
with an acquisition or specified
capital investment*
|
209,020,158
|
78.52
|
57,164,685
|
21.48
|
266,184,843
|
74.96%
|
80,352
|
|
19.
|
Purchase of own
shares*
|
266,252,197
|
100.00
|
6,122
|
0.00
|
266,258,319
|
74.98%
|
6,876
|
|
20.
|
Notice of general
meeting*
|
266,159,132
|
99.96
|
99,849
|
0.04
|
266,258,981
|
74.98%
|
6,214
|
*
Indicates a Special Resolution
requiring 75% of votes cast to be carried.
To view the full wording of the
resolutions, please refer to the Notice of 2023 Annual General
Meeting on the Company's website.
Votes "For" and "Against" are
expressed as a percentage of votes cast. Votes "For" include discretionary
votes.
A "Vote withheld" is not a vote in
law and is therefore not counted in the calculation of the votes
"For" or "Against" a resolution.
In accordance with
Listing Rule 9.6.2, copies of all the resolutions passed other than
resolutions concerning ordinary business will shortly be available
for inspection on the National Storage Mechanism at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
On Monday 13 May 2024, the total
number of issued ordinary shares of £0.001 each entitling the
holders to attend and vote on all the resolutions at the AGM was
355,099,011.
While all resolutions were passed
at today's AGM with a clear majority, the Board notes that
Resolutions 17 and 18 received 21.48% of votes against. We intend
to engage with relevant shareholders in due course to further
understand their views. We will provide an update within six months
as required by the UK Corporate Governance Code.
For and on behalf of
Funding Circle Holdings
plc
Lucy Vernall
Company Secretary
-Ends-
Enquiries:
Funding
Circle:
Investor
Relations
ir@fundingcircle.com
Tony
Nicol
Media
Relations
press@fundingcircle.com
Angeli
Everitt
Headland
Consultancy +44 (0) 20 3805 4822
Mike Smith / Stephen
Malthouse
About
Funding Circle:
Funding Circle (LSE: FCH) is the
UK’s leading SME lending platform. Its mission is to build the
place where small businesses get the funding they need to
win.
Funding Circle enables small
businesses to access funding – offering an unrivalled customer
experience powered by data and technology. For institutional investors, Funding Circle
provides access to an alternative asset class in an underserved
market, with robust and attractive returns. Globally, Funding Circle has extended more
than £16bn in credit to c.150,000 businesses.
Dissemination of a Regulatory Announcement, transmitted by EQS
Group.
The issuer is solely responsible for the content of this
announcement.
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