Result of AGM
Paragon Banking Group PLC announced that all resolutions were passed at its Annual General Meeting, with strong shareholder support for key items including the Annual Report and Accounts (99.95% for), the Directors' Remuneration Report (98.92% for), and the Directors' Remuneration Policy (98.92% for). The final dividend of 30.3 pence per ordinary share also received overwhelming approval with 99.96% of votes cast in favour. Reappointments of directors and the appointment of Deloitte LLP as auditor were also overwhelmingly approved, with resolutions concerning share allotment and pre-emption rights also passing with significant majorities, indicating continued shareholder confidence.
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The Annual General Meeting ("AGM") of Paragon Banking Group PLC (the "Company") was held today at 9.00am at the offices of the Company at Level 25, 20 Fenchurch Street, London EC3M 3BY.
All resolutions were passed on a poll and the polling results for each resolution are set out below:
| Resolutions | Votes For | % of Votes Cast For | Votes Against | % of Votes Cast Against | Votes Total | % of ISC Voted | Votes Withheld |
|---|---|---|---|---|---|---|---|
| 1. To receive and consider the Company's Annual Report and Accounts for the year ended 30 September 2025, the Strategic Report and the Reports of the Directors and the Auditor. | 146,509,795 | 99.95% | 69,520 | 0.05% | 146,579,315 | 76.99% | 3,287,425 |
| 2. To consider and approve the Directors' Remuneration Report for the year ended 30 September 2025 excluding the Directors' Remuneration Policy. | 148,111,538 | 98.92% | 1,614,411 | 1.08% | 149,725,949 | 78.65% | 140,791 |
| 3. To consider and approve the Directors' Remuneration Policy, to take effect from 1 October 2025. | 148,111,084 | 98.92% | 1,613,564 | 1.08% | 149,724,648 | 78.65% | 142,092 |
| 4. To declare a final dividend of 30.3 pence per ordinary share payable to holders of ordinary shares registered at the close of business on 6 February 2026. | 149,665,722 | 99.96% | 61,576 | 0.04% | 149,727,298 | 78.65% | 139,442 |
| 5. To reappoint Robert East as a director of the Company. | 146,135,636 | 97.60% | 3,586,292 | 2.40% | 149,721,928 | 78.64% | 144,812 |
| 6. To reappoint Nigel Terrington as a director of the Company. | 149,651,324 | 99.95% | 70,605 | 0.05% | 149,721,929 | 78.64% | 144,811 |
| 7. To reappoint Richard Woodman as a director of the Company. | 149,053,498 | 99.55% | 668,377 | 0.45% | 149,721,875 | 78.64% | 144,865 |
| 8. To reappoint Tanvi Davda as a director of the Company. | 148,204,441 | 98.99% | 1,517,488 | 1.01% | 149,721,929 | 78.64% | 144,811 |
| 9. To reappoint Peter Hill as a director of the Company. | 149,651,287 | 99.95% | 71,871 | 0.05% | 149,723,158 | 78.64% | 143,582 |
| 10. To reappoint Zoe Howorth as a director of the Company. | 149,647,065 | 99.95% | 75,995 | 0.05% | 149,723,060 | 78.64% | 143,680 |
| 11. To reappoint Alison Morris as a director of the Company. | 147,739,931 | 98.68% | 1,983,177 | 1.32% | 149,723,108 | 78.64% | 143,632 |
| 12. To reappoint Barbara Ridpath as a director of the Company. | 148,259,062 | 99.02% | 1,464,048 | 0.98% | 149,723,110 | 78.64% | 143,630 |
| 13. To reappoint Graeme Yorston as a director of the Company. | 148,264,076 | 99.03% | 1,459,058 | 0.97% | 149,723,134 | 78.64% | 143,606 |
| 14. To appoint Deloitte LLP as auditor of the Company, to hold office from the conclusion of this meeting until the conclusion of the next general meeting at which Accounts are laid before the members. | 149,509,918 | 99.86% | 214,457 | 0.14% | 149,724,375 | 78.65% | 142,365 |
| 15. To authorise the directors to fix the remuneration of the auditor. | 149,365,387 | 99.76% | 358,939 | 0.24% | 149,724,326 | 78.64% | 142,414 |
| 16. To authorise political donations and political expenditure. | 143,567,304 | 95.89% | 6,159,063 | 4.11% | 149,726,367 | 78.65% | 140,373 |
| 17. THAT the Board is generally and unconditionally authorised to allot shares in the Company. | 142,968,274 | 95.49% | 6,756,799 | 4.51% | 149,725,073 | 78.65% | 141,667 |
| 18. THAT the Board be authorised to disapply pre-emption rights on up to five percent of the issued share capital (excluding treasury shares). | 149,478,016 | 99.83% | 247,749 | 0.17% | 149,725,765 | 78.65% | 140,975 |
| 19. THAT the Board be authorised to disapply pre-emption rights on an additional five percent of the issued share capital (excluding treasury shares). | 143,975,922 | 96.16% | 5,742,321 | 3.84% | 149,718,243 | 78.64% | 148,497 |
| 20. THAT the Company is generally and unconditionally authorised to make market purchases. | 149,386,569 | 99.93% | 110,373 | 0.07% | 149,496,942 | 78.53% | 369,798 |
| 21. THAT the Board be authorised to allot shares and grant rights to subscribe for or to convert any security into shares in connection with the issue of Additional Tier 1 Securities. | 149,388,398 | 99.78% | 335,999 | 0.22% | 149,724,397 | 78.65% | 142,343 |
| 22. THAT the Board be authorised to disapply pre-emption rights in relation to the issue of Additional Tier 1 Securities. | 149,422,397 | 99.80% | 302,486 | 0.20% | 149,724,883 | 78.65% | 141,857 |
| 23. THAT a general meeting other than an AGM may be called on not less than 14 clear days' notice. | 140,850,469 | 94.07% | 8,874,491 | 5.93% | 149,724,960 | 78.65% | 141,780 |
The full text of all of the resolutions can be found in the Notice of Annual General Meeting which is available for viewing at the Company's website, https://www.paragonbankinggroup.co.uk and at the National Storage Mechanism, https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Board was pleased that the Resolution to approve the new Directors' Remuneration Policy (Resolution 3) was supported by 98.92% of shareholders who voted, and would like to thank all shareholders that engaged with the Remuneration Committee as part of the policy review.
In accordance with UKLR 6.4.2, copies of all resolutions passed at the meeting, other than resolutions concerning ordinary business (being resolutions numbered 16 - 23), will shortly be available for inspection at the National Storage Mechanism, https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
- The votes "For" include those votes giving the Chair of the Board discretion.
- A vote "Withheld" is not counted towards the votes cast "For" or "Against" a resolution.
- The issued share capital figure used to calculate the percentage voted is 190,379,994. This is the figure as at 2 March 2026 and excludes the number of ordinary shares held in treasury on the Register of Members as at that date.
- Resolutions 1 to 17 (inclusive) were ordinary resolutions. Resolutions 18 to 23 (inclusive) were special resolutions.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.