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AGM Statement

Regulatory announcements

PayPoint plc
AGM and Trading Statement

PayPoint plc announces that at the Annual General Meeting held today all resolutions were passed on a show of hands. The proxy voting for the resolutions tabled at the Meeting was as follows:

  Resolutions Votes For % Votes Against % Total Votes % of Issued Share Capital Voted Votes Withheld*
1 To receive the annual reports and accounts for the year ended 31 March 2017 57,504,589 100.00% 0 0.00% 57,504,589 84.36% 2,832
2 To approve the directors’ remuneration report for the year ended 31 March 2017 56,746,603 96.10% 2,304,030 3.90% 59,050,633 86.63% 256,788
3 To approve the directors' remuneration policy 56,250,235 96.12% 2,269,240 3.88% 58,519,475 85.85% 787,946
4 To declare a final dividend of 30.0p per ordinary share of the company 57,507,421 100.00% 0 0.00% 57,507,421 84.36% -
5 To re-elect Ms Gill Barr as a director of the company 57,014,709 99.15% 491,067 0.85% 57,505,776 84.36% 1,645
6 To re-elect Mr Giles Kerr as a director of the company 57,740,879 98.98% 564,897 1.02% 55,305,776 81.13% 1,645
7 To re-elect Mr Dominic Taylor as a director of the company 57,407,382 99.83% 98,394 0.17% 57,505,776 84.36% 1,645
8 To re-elect Mr Tim Watkin-Rees as a director of the company 57,407,382 99.83% 98,394 0.17% 57,505,776 84.36% 1,645
9 To re-elect Mr Nick Wiles as a director of the company 57,374,221 99.77% 131,555 0.23% 57,505,776 84.36% 1,645
10 To elect Ms Rachel Kentleton as a director of the company 57,407,382 99.83% 98,394 0.17% 57,505,776 84.36% 1,645
11 To elect Mr Rakesh Sharma as a director of the company 57,488,967 99.97% 16,809 0.03% 57,505,776 84.36% 1,645
12 To re-appoint Deloitte LLP as auditor of the company 52,797,846 93.04% 3,947,761 6.96% 56,745,607 83.25% 761,814
13 To authorise the directors to determine the auditor’s remuneration 35,655,280 85.20% 6,192,939 14.80% 41,848,219 61.39% 17,459,202
14 To authorise the directors to allot shares in accordance with Section 551 of the Companies Act 2006 57,503,540 99.99% 3,441 0.01% 57,5061981 84.36% 440
15 To disapply statutory pre-emption rights in accordance with Section 570 of the Companies Act 2006** 57,499,718 99.99% 5,263 0.01% 57,504,981 84.36% 2,440
16 To authorise the company to make market purchases of its ordinary shares up to 10% of the issued share capital** 56,727,501 98.64% 779,280 1.36% 57,506,781 84.36% 640
17 To allow any general meeting (other than an annual general meeting) to be called on 14 days’ notice** 56,947,642 99.03% 559,339 0.97% 57,506,981 84.36% 440

*A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution.

** Special Resolutions requiring a 75% majority 

In accordance with Listing Rule 9.2.2E, Resolutions 5, 6 and 11 were approved by: (a) the shareholders of the Company; and (b) the independent shareholders of the Company.

The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 68,165,925.

The results will also be made available on the Company's website: www.paypoint.com.

In accordance with LR 9.6.2, a document setting out the resolutions passed at the AGM, concerning special business has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

Dividends

Payment of the final dividend (including the additional dividence) will be made on 31 July 2017 to shareholders who were on the shareholder register on 23 June 2017.

Directorate change

As previously announced on 02 June 2016, today 26 July 2017, David Morrison retires from the board after a long period of service as a non-executive director of the Company.  Nick Wiles, Chairman, said: 

“On behalf of the board I would like to thank David for his immense contribution to the board, and his considerable support towards PayPoint during his service as a non-executive director of the Company. The board wishes him every success for the future.”

There are no further disclosures required for the purposes of Listing Rule 9.6.11.

Trading Update

PayPoint released a trading update on 26 July 2017 which has been published on its website: www.paypoint.com.

Enquiries

PayPoint plc: Susan Court, 01707 600300

Finsbury: Rollo Head, 020 7251 3801