PensionBee Group plc
Incorporated in England and Wales
Registration Number: 13172844
LEI:
2138008663P5FHPGZV74
ISIN:
GB00BNDRLN84
17 May 2024
PensionBee Group plc
Results of 2024 Annual General
Meeting
PensionBee Group plc (the 'Company')
announces the results of the voting by a poll on the resolutions
put to its Annual General Meeting ('AGM') held at 2.00 p.m. on
Thursday 16 May 2024.
Resolutions 1 to 13 were passed as ordinary
resolutions and resolutions 14 to 16 were passed as special
resolutions.
In
accordance with UK Listing Rule 9.6.2, a copy of the resolutions
passed at the AGM, other than resolutions concerning ordinary
business, will be submitted to the Financial Conduct Authority's
National Storage Mechanism and will shortly be available to view
at:
data.fca.org.uk/#/nsm/nationalstoragemechanism.
The
total number of votes received on each resolution was as
follows:
|
PensionBee Group plc Annual General
Meeting - 16 May 2024 - Poll Result
|
|
|
Votes For
(Notes 1, 2)
|
Votes Against
(Note 2)
|
Votes Withheld (Note 3)
|
Total Votes Cast
(Note 4)
|
Total Votes Cast as a % of Issued Share
Capital
(Note 5)
|
|
Resolution
|
No. of Shares
|
%
|
No. of Shares
|
%
|
|
1. To
receive the Company's Annual Report and Financial Statements
2023.
|
144,478,780
|
100.00
|
2,389
|
0.00
|
8,185
|
144,481,169
|
64.32%
|
|
2. To
approve the Director's Remuneration Report.
|
143,168,594
|
99.09
|
1,309,545
|
0.91
|
11,215
|
144,478,139
|
64.32%
|
|
3. To
reappoint Romi Savova as an Executive Director.
|
144,426,624
|
99.96
|
56,531
|
0.04
|
6,199
|
144,483,155
|
64.32%
|
|
4. To
reappoint Jonathan Lister Parsons as an Executive
Director.
|
144,464,155
|
99.99
|
16,880
|
0.01
|
8,319
|
144,481,035
|
64.32%
|
|
5. To
reappoint Christoph J. Martin as an Executive Director.
|
144,466,429
|
99.99
|
16,121
|
0.01
|
6,804
|
144,482,550
|
64.32%
|
|
6. To
reappoint Mark Wood CBE as a Non-Executive Director.
|
144,389,896
|
99.94
|
92,653
|
0.06
|
6,805
|
144,482,549
|
64.32%
|
|
7. To
reappoint Mary Francis CBE as an Independent Non-Executive
Director.
|
144,436,096
|
99.97
|
43,574
|
0.03
|
9,684
|
144,479,670
|
64.32%
|
|
8. To
reappoint Michelle Cracknell CBE as an Independent Non-Executive
Director.
|
142,786,192
|
98.83
|
1,693,478
|
1.17
|
9,684
|
144,479,670
|
64.32%
|
|
9. To
reappoint Lara Oyesanya FRSA as an Independent Non-Executive
Director.
|
144,437,792
|
99.97
|
41,878
|
0.03
|
9,684
|
144,479,670
|
64.32%
|
|
10. To
reappoint Deloitte LLP as the Company's auditor.
|
144,478,000
|
99.99
|
8,691
|
0.01
|
2,663
|
144,486,691
|
64.32%
|
|
11. To
authorise the Audit Committee of the Company to determine the
auditor's remuneration on behalf of the Board.
|
144,472,820
|
99.99
|
11,778
|
0.01
|
4,756
|
144,484,598
|
64.32%
|
|
12. To
authorise the Company to make Political Donations.
|
144,319,576
|
99.89
|
161,467
|
0.11
|
8,311
|
144,481,043
|
64.32%
|
|
13. To
authorise the Directors to allot shares.
|
143,161,470
|
99.08
|
1,326,189
|
0.92
|
1,695
|
144,487,659
|
64.32%
|
|
14. To
authorise Directors to disapply pre-emption rights.
|
143,157,074
|
99.12
|
1,263,923
|
0.88
|
68,206
|
144,420,997
|
64.29%
|
|
15. To
authorise additional authority to disapply statutory pre-emption
rights.
|
143,168,923
|
99.13
|
1,263,165
|
0.87
|
56,963
|
144,432,088
|
64.29%
|
|
16. To
authorise the calling of general meetings on 14 days'
notice.
|
135,650,494
|
93.88
|
8,837,790
|
6.12
|
1,070
|
144,488,284
|
64.32%
|
|
Independent Shareholder Votes Only
*
|
|
7. To
reappoint Mary Francis CBE as an Independent Non-Executive
Director. *
|
51,072,574
|
99.91
|
43,574
|
0.09
|
9,684
|
51,116,148
|
39.22%
|
|
8. To
reappoint Michelle Cracknell CBE as an Independent Non-Executive
Director. *
|
49,422,670
|
96.69
|
1,693,478
|
3.31
|
9,684
|
51,116,148
|
39.22%
|
|
9. To
reappoint Lara Oyesanya FRSA as an Independent Non-Executive
Director. *
|
51,074,270
|
99.92
|
41,878
|
0.08
|
9,684
|
51,116,148
|
39.22%
|
Notes:
1. Any
proxy appointments which gave discretion to the Chair have been
included in Votes For.
2.
Votes For and Votes Against are expressed as a percentage of Total
Votes Cast, which includes Votes For and Votes Against, but
excludes the Votes Withheld. Percentages are rounded to 2 decimal
places.
3. A
Vote Withheld is not a vote in law and is not counted in the
calculation of the Votes For or Votes Against a
resolution.
4.
Total Votes Cast includes the Votes For and Votes Against, but
excludes the Votes Withheld.
5.
Total Votes Cast as a % of Issued Share Capital is based on
224,641,308 PensionBee Group plc ordinary shares in issue as at 16
May 2024. Ordinary shareholders are entitled to one vote per share
held.
* Under
the Listing Rules, because Romi Savova is a controlling shareholder
of the Company (that is, she exercises or controls more than 30% of
the voting rights of the Company), the election of any independent
director by shareholders must be approved by a majority vote of
both: (1) the shareholders of the Company; and (2) the independent
shareholders of the Company (that is, the shareholders of the
Company entitled to vote on the election of Directors who are not
controlling shareholders of the Company). Under the Listing Rules,
anyone who holds shares in the Company and is deemed to be acting
in concert with Romi Savova is also treated as a controlling
shareholder for the purposes of these voting requirements.
Therefore, the votes of these persons are excluded when calculating
the votes of the independent shareholders. Resolutions 7 to 9 were
therefore proposed as ordinary resolutions which all shareholders
may vote on, but in addition, the Company separately counts the
number of votes cast by independent shareholders in favour of the
resolutions (as a proportion of the total votes of independent
shareholders cast on the resolutions) to determine whether the
second threshold referred to in (2) has been met.
Press Enquiries:
Becky
O'Connor
Laura
Dunn-Sims
Steven
Kennedy
press@pensionbee.com
020
3557 8444
Investor Relations
Enquiries:
investor@pensionbee.com
About PensionBee
PensionBee is a leading online pension
provider, making pension management easy for its customers while
they save for a happy retirement. PensionBee helps its customers
combine their old pension pots, make flexible contributions, invest
in line with their goals and values and make withdrawals from the
age of 55 (increasing to 57 in 2028). PensionBee offers a range of
investment plans, including fossil fuel free and impact investing
options, from some of the world's largest asset
managers.
Operating in the UK Defined Contribution
market which exceeds £1 trillion of pension assets, PensionBee has
grown rapidly through its direct-to-consumer marketing activities,
creating a household brand name for the mass market.
The
Company has £4.9 billion in Assets Under Administration and 240,000
Invested Customers as at 31 March 2024. PensionBee has consistently
maintained a Customer Retention Rate in excess of 95% and an
Excellent Trustpilot rating from more than 10,500 customers,
reflecting its commitment to outstanding customer
service.
PensionBee is admitted to trading on the
Premium Segment of the London Stock Exchange's Main Market
(LON:PBEE).