TIDMNBS TIDM34VG
RNS Number : 2552T
Nationwide Building Society
16 July 2020
Thursday 16 July 2020
NATIONWIDE BUILDING SOCIETY
The results of the voting at Nationwide Building Society's
Annual General Meeting (AGM) held today, Thursday 16 July 2020, at
Nationwide House, Pipers Way, Swindon, SN38 1NW are detailed
below.
Ordinary Resolutions:
1. To receive the Directors' Report, the Annual Accounts, the
Annual Business Statement and the Auditors' Report for the year
ended 4 April 2020
For: 507,755 (98.69%) Against: 6,731 (1.31%) Votes withheld*:
4,405
2. To approve the Directors' Remuneration Report (excluding the
Directors' Remuneration Policy) for the financial year ended 4
April 2020
For: 478,066 (93.5 %) Against: 33,238 (6.5 %) Votes withheld*:
7,588
3. To approve the Directors' Remuneration Policy, the full text
of which is contained in the Directors' Remuneration Report for the
financial year ended 4 April 2020
For: 474,181 (92.8 %) Against: 36,789 (7.2 %) Votes withheld*:
7,933
4. To re-appoint Ernst & Young LLP as Auditors until the end
of the next AGM
For: 494,814 (96.53%) Against: 17,775 (3.47%) Votes withheld*:
6,285
Special Resolution
5. To approve the amendments to the Rules as stated in the
Notice of AGM
For: 492,951 (96.76%) Against: 16,490 (3.24%) Votes withheld*:
9,449
Election or re-election of Directors
The results of the election or re-election of Directors of
Nationwide Building Society are as follows:
Candidate Votes For Votes Against Votes Withheld*
Phil Rivett 492,726 18,350 7,805
---------- -------------- ----------------
Rita Clifton 495,209 17,529 6,145
---------- -------------- ----------------
Mai Fyfield 494,139 18,332 6,404
---------- -------------- ----------------
Joe Garner 491,151 20,557 7,182
---------- -------------- ----------------
Albert Hitchcock 492,825 18,344 7,719
---------- -------------- ----------------
Kevin Parry 492,060 19,315 7,510
---------- -------------- ----------------
Chris Rhodes 491,695 19,615 7,574
---------- -------------- ----------------
David Roberts 491,774 19,620 7,490
---------- -------------- ----------------
Tim Tookey 491,310 19,591 7,991
---------- -------------- ----------------
Gunn Waersted 493,228 18,652 6,996
---------- -------------- ----------------
Accordingly, all of the Directors standing for election or
re-election were elected or re-elected.
*A 'Vote Withheld' is not a vote in law and will not be and has
not been counted in the calculation of the proportion of votes
'For' and 'Against' the resolutions or candidates in the election
or re-election of Directors.
This year, due to the coronavirus pandemic, the Society held its
AGM with the minimum number of directors and colleague members
required to form a quorum. Members were able to submit questions in
advance of the meeting by email and post and watch the formalities
via livestream. The Society is also holding a virtual TalkBack
event on Friday 17 July where members can ask questions in real
time.
David Roberts, Nationwide's Chair, said :
"The AGM is an important day in our calendar, to report on our
progress, answer members questions and members vote on key
decisions. Our format has been different this year, but we've
worked hard to fulfil all these responsibilities.
"Over the last year we've used our financial strength and mutual
purpose to give better value to members and provide great service,
while investing in our future and communities. The final month of
the year brought the unprecedented challenge of coronavirus, but we
have prioritised the health and financial wellbeing of our members
and colleagues as far as we can. Overall, we have more members,
higher mortgage balances and higher retail deposits, and by looking
after our members, we have grown our business despite quite intense
competition.
"I would also like to take this opportunity to thank Baroness
Usha Prashar for her commitment and wise counsel to the Society
over the past three and a half years as she retires from the Board
today. We are delighted that Usha has agreed to continue advising
the Society on our diversity and community programmes, and I expect
to be able to provide members with a further update on Board
composition in the coming weeks."
- Ends -
Media information:
Sara Batchelor, 07785 344137 ,
sara.batchelor@nationwide.co.uk
Eden Black, 07793 596317, eden.black@nationwide.co.uk
About Nationwide Building Society
Nationwide is the world's largest building society as well as
one of the largest savings providers and the second largest
mortgages provider in the UK. It is also a major provider of
current accounts , credit cards , ISAs and personal loans .
Nationwide has around 16 million customers and members.
Customers can manage their finances in a branch, via the mobile
app, on the telephone, internet and post. The Society has around
18,000 employees. Nationwide's head office is in Swindon with
administration centres based in Northampton, Bournemouth and
Dunfermline. The Society also has a number of call centres across
the UK.
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of this information may apply. For further information, please
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END
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