Metro Bank Holdings PLC (MTRO)
Result of AGM
21-May-2024 / 15:09 GMT/BST
Metro Bank Holdings PLC (LSE: MTRO LN) 21 May 2024 Metro Bank Holdings PLC (the "Company") Legal Entity Identifier: 984500CDDEAD6C2EDQ64 METRO BANK HOLDINGS PLC
Result of AGM 21 May 2024: Metro Bank Holdings PLC (the “Company”) announces that, at the Annual General Meeting of shareholders held earlier today, Resolutions 1 to 17 (inclusive) were passed as Ordinary Resolutions. Resolution 20 was passed as a Special Resolution. The results of the poll voting on all resolutions are summarised below. As stated in the Company's AGM Notice and under Listing Rule 9.2.2E, a resolution to elect or re-elect an Independent Director must be passed by both a majority of the independent shareholders (excluding the Company's controlling shareholder) and a majority of all shareholders. In order to determine this, votes cast by the independent shareholders were counted separately in respect of the re-election of the Independent Directors and the results of that separate count are set out below. RESOLUTION | VOTES
FOR | % | VOTES AGAINST | % | VOTES
TOTAL | % of ISC*** VOTED | VOTES WITHHELD
**** | 1 | To receive the 2023 Annual Report and Accounts | 528,487,572 | 99.92 | 413,758 | 0.08 | 528,901,330 | 78.62% | 1,388,216 | 2 | To approve the binding Directors’ Remuneration Policy | 529,109,540 | 99.85 | 805,150 | 0.15 | 529,914,690 | 78.77% | 374,856 | 3 | To approve the Directors’ Remuneration Report | 527,225,453 | 99.49 | 2,689,242 | 0.51 | 529,914,695 | 78.77% | 374,851 | 4 | To authorise the Board to remove any maximum ratio between the variable and the fixed components of the total remuneration of any relevant employee | 529,090,885 | 99.85 | 805,393 | 0.15 | 529,896,278 | 78.77% | 393,268 | 5 | To approve amendments to the Deferred Variable Reward Plan | 529,194,165 | 99.87 | 691,589 | 0.13 | 529,885,754 | 78.77% | 403,792 | 6 | To approve amendments to the Long Term Incentive Plan | 173,470,277 | 99.60 | 703,063 | 0.40 | 174,173,340 | 25.89% | 356,116,206 | 7 | Re-election of Robert Sharpe | 524,710,688 | 99.02 | 5,170,208 | 0.98 | 529,880,896 | 78.77% | 408,650 | 8 | Re-election of Daniel Frumkin | 529,240,498 | 99.85 | 795,218 | 0.15 | 530,035,716 | 78.79% | 253,830 | 9 | Re-election of Catherine Brown | 528,890,945 | 99.81 | 996,225 | 0.19 | 529,887,170 | 78.77% | 402,376 | 10 | Re-election of Paul Thandi | 528,834,169 | 99.80 | 1,047,015 | 0.20 | 529,881,184 | 78.77% | 408,362 | 11 | Re-election of Michael Torpey | 529,302,649 | 99.89 | 581,748 | 0.11 | 529,884,397 | 78.77% | 405,149 | 12 | Re-election of Nicholas Winsor | 529,274,016 | 99.89 | 606,886 | 0.11 | 529,880,902 | 78.77% | 408,644 | 13 | Re-election of Dorita Gilinski | 529,230,239 | 99.88 | 654,163 | 0.12 | 529,884,402 | 78.77% | 405,144 | 14 | Re-Appoint Auditor | 529,395,893 | 99.91 | 499,207 | 0.09 | 529,895,100 | 78.77% | 394,446 | 15 | Authorise the Audit Committee to determine the Auditor’s remuneration | 529,384,484 | 99.91 | 502,867 | 0.09 | 529,887,351 | 78.77% | 402,195 | 16 | Authorise the political donations and expenditure | 529,087,552 | 99.81 | 980,911 | 0.19 | 530,068,463 | 78.79% | 221,083 | 17 | Authority to allot shares | 529,314,174 | 99.86 | 753,176 | 0.14 | 530,067,350 | 78.79% | 222,196 | 18* | Authority to disapply pre-emption rights | 172,324,725 | 32.52 | 357,575,078 | 67.48 | 529,899,803 | 78.77% | 389,743 | 19* | Additional authority to disapply pre-emption rights | 172,324,815 | 32.58 | 356,574,814 | 67.42 | 528,899,629 | 78.62% | 1,389,917 | 20** | |
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