Result of AGM
Secure Trust Bank PLC announced that all resolutions were passed by shareholders at its 2026 Annual General Meeting, including the adoption of the 2025 Report and Accounts with 93.57% of votes for, approval of the Directors' Remuneration Report with 93.23% for, and the Directors' Remuneration Policy with 99.08% for. Shareholders also overwhelmingly approved the final dividend of 23.7 pence per ordinary share with 100% of votes for, and the re-appointment of Deloitte LLP as auditor with 99.95% of votes for. Directors' elections and re-elections also saw strong support, with most receiving over 91.5% of votes. Authorisations for directors to allot shares, including for AT1 Securities and capital investment, and to disapply pre-emption rights, passed with over 96.6% of votes. The company's issued share capital comprises 19,116,023 shares, with total votes cast representing 44.53% of the issued share capital.
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The Board is pleased to confirm all resolutions set out in the Notice of AGM 2026 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 | Total votes cast - excludes withheld votes | Withheld | |
|---|---|---|---|---|---|---|---|
| 1. | To receive and adopt the Report and Accounts 2025 | 7,954,253 | 93.57% | 546,941 | 6.43% | 8,501,194 | 11,751 |
| 2. | To receive and approve the Directors' Remuneration Report | 7,901,142 | 93.23% | 573,706 | 6.77% | 8,474,848 | 38,097 |
| 3. | To receive and approve the Directors' Remuneration Policy | 8,395,598 | 99.08% | 78,126 | 0.92% | 8,473,724 | 39,221 |
| 4. | To declare a final dividend of 23.7 pence per ordinary share | 8,512,914 | 100.00% | 0 | 0.00% | 8,512,914 | 31 |
| 5. | To elect Steve Colsell as Director | 8,509,947 | 99.98% | 1,400 | 0.02% | 8,511,347 | 1,598 |
| 6. | To elect Ian Corfield as Director | 8,509,397 | 99.98% | 1,950 | 0.02% | 8,511,347 | 1,598 |
| 7. | To re-elect Jim Brown as Director | 7,792,871 | 91.56% | 718,476 | 8.44% | 8,511,347 | 1,598 |
| 8. | To re-elect Julie Hopes as Director | 7,869,411 | 92.46% | 641,939 | 7.54% | 8,511,350 | 1,595 |
| 9. | To re-elect Rachel Lawrence as Director | 8,499,758 | 99.86% | 11,594 | 0.14% | 8,511,352 | 1,593 |
| 10. | To re-elect Victoria Mitchell as Director | 8,414,991 | 98.87% | 96,361 | 1.13% | 8,511,352 | 1,593 |
| 11. | To re-elect Paul Myers as Director | 8,420,338 | 98.93% | 91,009 | 1.07% | 8,511,347 | 1,598 |
| 12. | To re-elect Finlay Williamson as a director | 8,415,238 | 98.87% | 96,109 | 1.13% | 8,511,347 | 1,598 |
| 13. | To re-appoint Deloitte LLP as auditor | 8,507,210 | 99.95% | 4,264 | 0.05% | 8,511,474 | 1,471 |
| 14. | To authorise the Audit Committee to fix the remuneration of the auditor | 8,306,912 | 99.96% | 3,135 | 0.04% | 8,310,047 | 202,898 |
| 15. | To approve the 2026 Long-Term Incentive Plan Rules | 7,849,887 | 92.29% | 656,204 | 7.71% | 8,506,091 | 6,854 |
| 16. | To approve the 2026 Deferred Bonus Plan Rules | 7,901,560 | 92.89% | 604,603 | 7.11% | 8,506,163 | 6,782 |
| 17. | To adopt the 2017 Sharesave Plan Rules | 8,450,643 | 99.31% | 58,584 | 0.69% | 8,509,227 | 3,718 |
| 18. | THAT, the Directors are authorised to allot shares in the Company or grant rights to subscribe for or convert any security into shares in the Company | 8,291,888 | 97.41% | 220,058 | 2.59% | 8,511,946 | 999 |
| 19. | THAT, in addition to resolution 18, the Directors be authorised to allot shares and equity securities in relation to an issue of AT1 Securities | 8,302,718 | 97.54% | 209,078 | 2.46% | 8,511,796 | 1,149 |
| 20. | THAT, subject to resolution 18, the Directors be authorised to allot equity securities for cash | 8,227,140 | 96.66% | 284,662 | 3.34% | 8,511,802 | 1,143 |
| 21. | THAT, subject to resolution 18 and in addition to 20, the Directors be authorised to allot equity securities for cash in connection with a capital investment | 8,248,162 | 96.90% | 263,640 | 3.10% | 8,511,802 | 1,143 |
| 22. | THAT, subject to resolution 19, the Directors be authorised to disapply Statutory Pre-Emption Rights in relation to an issue of AT1 Securities | 8,244,447 | 96.86% | 267,355 | 3.14% | 8,511,802 | 1,143 |
| 23. | THAT the Company be authorised to make market purchases of ordinary shares of 40 pence each in the capital of the Company | 8,494,590 | 99.93% | 5,739 | 0.07% | 8,500,329 | 12,616 |
| 24. | THAT the directors be authorised to call a General Meeting on 14 days' notice | 8,290,384 | 97.40% | 221,646 | 2.60% | 8,512,030 | 915 |
The issued share capital of the Company comprises 19,116,023 shares and total votes cast, including votes withheld, amounted to 44.53% of the issued share capital. Resolutions 20 - 24 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-
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