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Result of AGM

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RNS Number : 2987Z
Paysafe Group PLC
25 May 2016
 

 

25 May 2016

 

Paysafe Group plc

 

Results of Annual General Meeting

 

Paysafe Group plc (LSE: PAYS, the "Company") announces the results of its Annual General Meeting held today.

 

Voting was conducted on a poll, the results of which are shown in the table below:

 

Resolution

For

(and % of Total Votes)

Against (and % of Total Votes)

Total Votes (Excluding Withheld)

Withheld

Resolution 1:

To receive the Annual Report, including the reports of the Directors and the Auditor, for the year ended 31 December 2015.

358,494,557

(99.92%)

294,358

(0.08%)

358,788,915

20,051

Resolution 2:

To approve the Directors' Remuneration Report.

158,662,964

(48.33%)

169,655,133

(51.67%)

328,318,097

30,490,869

Resolution 3:

To approve the Remuneration Policy.

303,209,599

(87.57%)

43,039,956

(12.43%)

346,249,555

12,559,411

Resolution 4:

To authorise the continued operation of the Paysafe Group Long Term Incentive Plan, including an amended individual annual award limit.

307,083,991

(88.69%)

39,161,524

(11.31%)

346,245,515

12,563,451

Resolution 5:

To authorise the Directors to operate the Paysafe Sharesave Plan in the United States of America.

354,841,627

(98.90%)

3,963,299

(1.10%)

358,804,926

4,040

Resolution 6:

To reappoint Dennis Jones as a Director.

358,209,169

(99.83%)

599,797

(0.17%)

358,808,966

0

Resolution 7:

To reappoint Joel Leonoff as a Director.

353,614,553

(98.55%)

5,194,413

(1.45%)

358,808,966

0

Resolution 8:

To reappoint Brian McArthur-Muscroft as a Director.

352,264,553

(98.18%)

6,544,413

(1.82%)

358,808,966

0

Resolution 9:

To reappoint Andrew Dark as a Director.

350,220,535

(97.61%)

8,588,431

(2.39%)

358,808,966

0

Resolution 10:

To reappoint Ian Francis as a Director.

357,351,286

(99.59%)

1,457,680

(0.41%)

358,808,966

0

Resolution 11:

To reappoint Brahm Gelfand as a Director.

357,944,539

(99.76%)

864,150

(0.24%)

358,808,689

277

Resolution 12:

To reappoint Ian Jenks as a Director.

350,151,382

(99.88%)

413,971

(0.12%)

350,565,353

8,243,613

Resolution 13:

To reappoint KPMG Audit LLC as Auditor of the Company.

346,125,876

(96.47%)

12,683,090

(3.53%)

358,808,966

0

Resolution 14:

To authorise the Directors to determine the remuneration of the Auditor.

343,180,034

(95.64%)

15,628,932

(4.36%)

358,808,966

0

Resolution 15:

Special Resolution: To authorise the Directors to make market purchases of the Company's securities.

 

358,457,930

(99.90%)

 

 

350,036

(0.10%)

 

358,807,966

1,000

Resolution 16:

Special Resolution: To authorise the Directors to allot securities.

346,579,842

(96.59%)

12,225,458

(3.41%)

358,805,300

3,666

Resolution 17:

Special Resolution: To authorise the Directors to allot securities for cash other than on a pro-rata basis to shareholders.

338,177,820

(98.96%)

3,571,225

(1.04%)

341,749,045

17,059,921

 

The Company is pleased that Resolutions 1 and 3-17, including the Company's Remuneration Policy, were approved. The Remuneration Policy is intended to be applied over the next three years

 

In the context of approval of its Remuneration Policy, the Company is disappointed at the result of the advisory vote on the Directors' Remuneration Report and intends to continue its dialogue with shareholders on pay and wider governance matters in 2016.  A number of shareholders have communicated specific areas of concern to the Company and we will seek to engage on these issues.   The points communicated related to the period prior to the Company's admission to the Official List (when the Company was quoted on AIM, where remuneration practice is different) or to the transition in preparation for adoption of the new Remuneration Policy now approved by shareholders. The Company looks forward to demonstrating to its shareholders the operation of the approved policy during the course of 2016.

 

As required by the Listing Rules, a copy of all the resolutions passed, other than those concerning ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM

 

For further information please contact:

 

Paysafe Group plc

Michelle Singleton, VP Investor Relations

+44 (0) 20 3826 9800 / investorrelations@paysafe.com

 

Gavin Haycock, SVP Corporate Communications

+44 (0) 20 3826 9767 / gavin.haycock@paysafe.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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