PayPoint plc : AGM Statement 26 July 2017
Post# of 301275
26 July 2017 PayPoint plc (Company) AGM and Trading Update
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 | 54,740,879 | 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% | 57,506,981 | 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 dividend) 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
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