Secure Trust Bank PLC
16 May 2024
For immediate release
SECURE TRUST BANK PLC
Change of Chairman and results of the 2024 Annual General Meeting
Secure Trust Bank PLC (the 'Bank' or 'STB') confirms the appointment of Jim Brown as Non-Executive Chairman and Chairman of the Nomination Committee, in-line with the Company's announcement on 25 January 2024. This follows receipt of the required regulatory approvals and Jim's election by shareholders at the Annual General Meeting ('AGM') held today. Jim has succeeded Lord Forsyth, who stepped down from the Board at the conclusion of the AGM. The Board would like to extend, on behalf of all stakeholders, its appreciation to Lord Forsyth for his significant contribution to the Group throughout his tenure.
The Board is pleased to confirm all resolutions set out in the Notice of AGM 2024 were passed by shareholders at today's AGM. A summary of the poll results in respect of each resolution is set out below.
| | Resolution | Votes for | % of votes cast for | Votes against | % of votes cast against | Withheld | Total votes cast |
| 1. | To receive and adopt the Report and Accounts 2023 | 12,614,663 | 99.99% | 250 | 0.01% | 541,137
| 13,156,050
|
| 2. | To receive and approve the Directors' Remuneration Report | 12,469,069
| 98.85% | 145,450
| 1.15% | 541,531
| 13,156,050
|
| 3. | To declare a final dividend of 16.2 pence per ordinary share | 13,155,719
| 99.99% | 293
| 0.01% | 38
| 13,156,050
|
| 4. | To elect Mr Jim Brown as a director | 13,130,290
| 99.81% | 24,779
| 0.19% | 981
| 13,156,050
|
| 5. | To re-elect Mr David McCreadie as a director | 12,612,230
| 99.99% | 1,740
| 0.01% | 542,080
| 13,156,050
|
| 6. | To re-elect Mrs Rachel Lawrence as a director | 13,153,329
| 99.99% | 1,740
| 0.01% | 981
| 13,156,050
|
| 7. | To re-elect Mrs Ann Berresford as a director | 13,047,914
| 99.19% | 107,155
| 0.81% | 981
| 13,156,050
|
| 8. | To elect Mrs Victoria Mitchell as a director | 13,152,827
| 99.98% | 2,242
| 0.02% | 981 | 13,156,050
|
| 9. | To re-elect Mr Paul Myers as a director | 13,048,034
| 99.19% | 107,035
| 0.81% | 981
| 13,156,050
|
| 10. | To re-elect Mrs Victoria Stewart as a director | 13,034,758
| 99.09% | 120,311
| 0.91% | 981
| 13,156,050
|
| 11. | To re-elect Mr Finlay Williamson as a director | 13,047,742
| 99.18% | 107,327
| 0.82% | 981
| 13,156,050
|
| 12. | To re-appoint Deloitte LLP as auditor | 12,596,149
| 99.85% | 18,760
| 0.15% | 541,141
| 13,156,050
|
| 13. | To authorise the Audit Committee to fix the remuneration of the auditor | 13,151,834
| 99.97% | 4,103
| 0.03% | 113
| 13,156,050
|
| 14. | THAT the Directors are authorised to allot shares and equity securities | 13,037,642
| 99.10% | 118,123
| 0.90% | 285
| 13,156,050
|
| 15. | THAT, in addition to resolution 14, the Directors be authorised to allot shares and equity securities in relation to an issue of AT1 Securities | 12,496,376
| 94.99%
| 659,389
| 5.01%
| 285
| 13,156,050
|
| 16. | THAT, subject to resolution 14, the Directors be authorised to allot equity securities for cash as if section 561(1) of the Act did not apply | 12,478,670
| 94.85% | 677,095
| 5.15% | 285
| 13,156,050
|
| 17. | THAT, subject to resolution 14 and in addition to 16, the Directors be authorised to allot equity securities for cash as if Section 561(1) did not apply | 12,478,670
| 94.85% | 677,095
| 5.15% | 285
| 13,156,050
|
| 18. | THAT, subject to resolution 15, the Directors be authorised to disapply Statutory Pre-Emption Rights in relation to an issue of AT1 Securities | 12,498,358
| 95.00% | 657,407
| 5.00% | 285
| 13,156,050
|
| 19. | THAT the Company be authorised to make market purchases of ordinary shares of 40 pence each in the capital of the Company | 13,138,073
| 99.87% | 17,000
| 0.13% | 977
| 13,156,050
|
| 20. | THAT the directors be authorised to call a General Meeting on 14 days' notice | 13,112,752
| 99.67% | 43,185
| 0.33% | 113
| 13,156,050
|
The issued share capital of the Company comprises 19,065,720 shares and votes cast as a percentage of the issued share capital amounted to 69.00%. Resolutions 16 - 20 were passed as special resolutions.
The Company has sent copies of the resolutions passed at the AGM, other than those concerning ordinary business, to the FCA's National Storage Mechanism and they will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
‐ENDS-
Enquiries:
Secure Trust Bank PLC
Lisa Daniels, Company Secretary
Tel: 0121 693 9100
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