Result of AGM
Alfa Financial Software Holdings PLC announced the results of its 2026 Annual General Meeting, where all resolutions were passed by a majority of votes cast. Notably, resolutions concerning the election and re-election of directors, including Chris Sullivan, received strong support, with the annual report adoption receiving 99.99% approval and the final dividend of 1.5 pence per ordinary share passing with 99.87% of votes. The company will consult with independent shareholders regarding resolution 9, the re-election of Chris Sullivan, which passed with 86.7% of total votes but less than 80% of independent shareholder votes.
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Alfa Financial Software Holdings PLC (the "Company" or "Alfa") announces the results of voting on its resolutions at its Annual General Meeting, which was held on 30 April 2026.
All resolutions, as set out in the Notice of Meeting, were voted by way of a poll and were passed.
The votes cast for resolutions 4, 5, 6, 7, 8 and 9 relating to the election of the independent Directors were duly passed by both a majority of the votes cast by the independent shareholders as well as by a majority of votes cast by all shareholders. These votes have been calculated separately and are shown below.
| For | Against | Total votes cast | Vote withheld | ||||
|---|---|---|---|---|---|---|---|
| Resolution | No. of votes | % of votes cast | No. of votes | % of votes cast | No. of votes | No. of votes | |
| 1. To receive and adopt the Annual Report including the audited financial statements for the year ending 31 December 2025 | 261,104,565 | 99.99% | 23,567 | 0.01% | 261,128,132 | 208,975 | |
| 2. To approve the Directors' Remuneration Report | 261,077,713 | 99.94% | 157,866 | 0.06% | 261,235,579 | 101,528 | |
| 3. To declare a final dividend of 1.5 pence per ordinary share | 260,993,423 | 99.87% | 343,684 | 0.13% | 261,337,107 | 0 | |
| 4. To elect Peter George as a Director | All | 260,866,771 | 99.85% | 398,685 | 0.15% | 261,265,456 | 71,651 |
| Independent | 99,411,989 | 99.60% | 398,685 | 0.40% | 99,810,674 | 71,651 | |
| 5. To re-elect Steve Breach as a Director | All | 256,992,934 | 98.34% | 4,344,005 | 1.66% | 261,336,939 | 168 |
| Independent | 95,538,152 | 95.65% | 4,344,005 | 4.35% | 99,882,157 | 168 | |
| 6. To re-elect Adrian Chamberlain as a Director | All | 256,816,924 | 98.30% | 4,448,532 | 1.70% | 261,265,456 | 71,651 |
| Independent | 95,362,142 | 95.54% | 4,448,532 | 4.46% | 99,810,674 | 71,651 | |
| 7. To re-elect Charlotte de Metz as a Director | All | 257,426,853 | 98.50% | 3,910,086 | 1.50% | 261,336,939 | 168 |
| Independent | 95,972,071 | 96.09% | 3,910,086 | 3.91% | 99,882,157 | 168 | |
| 8. To re-elect Reena Raichura as a Director | All | 257,355,370 | 98.50% | 3,910,086 | 1.50% | 261,265,456 | 71,651 |
| Independent | 95,900,588 | 96.08% | 3,910,086 | 3.92% | 99,810,674 | 71,651 | |
| 9. To re-elect Chris Sullivan as a Director | All | 226,586,152 | 86.70% | 34,750,787 | 13.30% | 261,336,939 | 168 |
| Independent | 65,131,370 | 65.21% | 34,750,787 | 34.79% | 99,882,157 | 168 | |
| 10. To re-elect Andrew Denton as a Director | 260,181,029 | 99.58% | 1,084,427 | 0.42% | 261,265,456 | 71,651 | |
| 11. To re-elect Duncan Magrath as a Director | 260,680,190 | 99.78% | 585,266 | 0.22% | 261,265,456 | 71,651 | |
| 12. To re-elect Andrew Page as a Director | 254,215,462 | 97.37% | 6,876,073 | 2.63% | 261,091,535 | 245,572 | |
| 13. To re-elect Matthew White as a Director | 260,697,764 | 99.78% | 567,692 | 0.22% | 261,265,456 | 71,651 | |
| 14. To re-appoint RSM UK Audit LLP as auditor of the Company | 261,300,389 | 99.99% | 23,567 | 0.01% | 261,323,956 | 13,151 | |
| 15. To authorise the Audit and Risk Committee to determine the auditor's remuneration | 261,312,183 | 99.99% | 24,923 | 0.01% | 261,337,106 | 1 | |
| 16. To authorise the Company to make political donations | 260,027,642 | 99.57% | 1,129,464 | 0.43% | 261,157,106 | 180,001 | |
| 17. To authorise the Directors to allot ordinary shares | 260,463,952 | 99.69% | 801,672 | 0.31% | 261,265,624 | 71,483 | |
| 18. Authority to disapply statutory pre-emption rights | 261,212,495 | 99.98% | 52,961 | 0.02% | 261,265,456 | 71,651 | |
| 19. Additional authority to disapply statutory pre-emption rights | 261,212,495 | 99.98% | 52,961 | 0.02% | 261,265,456 | 71,651 | |
| 20. To authorise the Company to purchase its own shares | 259,441,132 | 99.37% | 1,650,169 | 0.63% | 261,091,301 | 245,806 | |
| 21. Authority to call a general meeting (other than an AGM) on not less than 14 clear days' notice | 260,092,892 | 99.55% | 1,172,564 | 0.45% | 261,265,456 | 71,651 |
The Board notes that resolution 9 (re-election of Chris Sullivan) was passed by 86.7% of the total votes cast, but with less than 80% of Independent Shareholders voting in favour. The Board will consult with independent shareholders to understand any concerns.
Notes:
- The number of shares in issue at close of business on 29 April 2026 was 300,000,000 (the "Share Capital"). On this date as at close of business, the Company holds 2,196,283 shares in treasury. Therefore, the total number of ordinary shares with voting rights was 297,803,717.
A copy of the resolutions passed at the AGM concerning items other than ordinary business will be submitted to the National Storage Mechanism and be available shortly for inspection.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.