20 July 2023
GB GROUP PLC
("GBG", "Group" or the "Company")
Results of AGM
GBG (AIM: GBG), the experts in digital location, identity verification and fraud software, announces the results of its Annual General Meeting 2023. Voting on all of the resolutions was conducted on a poll.
The number of votes received in respect of each resolution were as follows:
| Resolution | Votes in favour | % in favour | Votes against | % against | Votes withheld | Total votes cast as % of Issued Share Register |
| 1. Receive the annual report and accounts | 157,957,455 | 100.00% | 6,697 | 0.00% | 329,640 | 62.56 |
| 2. Declare a final dividend | 152,875,339 | 96.71% | 5,207,419 | 3.29% | 211,034 | 62.60 |
| 3. Appoint Richard Longdon | 156,049,153 | 98.71% | 2,031,997 | 1.29% | 211,142 | 62.60 |
| 4. Re-appoint Chris Clark | 149,552,778 | 94.95% | 7,952,313 | 5.05% | 787,201 | 62.37 |
| 5. Re-appoint Natalie Gammon | 151,192,674 | 95.64% | 6,891,202 | 4.36% | 208,416 | 62.60 |
| 6. Receive and approve the Report on Directors' Remuneration | 58,029,158 | 42.54% | 78,396,850 | 57.46% | 21,866,824 | 54.03 |
| 7. Appoint PwC as auditors | 155,964,065 | 98.65% | 2,129,693 | 1.35% | 200,034 | 62.61 |
| 8. Authorise directors to determine auditor remuneration | 157,300,423 | 99.50% | 791,537 | 0.50% | 201,832 | 62.61 |
| 9. Authorise directors to allot shares | 152,224,030 | 96.23% | 5,960,940 | 3.77% | 107,322 | 62.64 |
| *10. Authorise directors to disapply pre-emption up to 5% | 152,513,313 | 96.48% | 5,567,907 | 3.52% | 211,072 | 62.60 |
| *11. Authorise directors to dis-apply pre-emption up to a further 5% in connection with acquisition or specified capital investment | 152,252,561 | 96.31% | 5,830,659 | 3.69% | 209,072 | 62.60 |
| *12. Authorise directors to purchase shares | 156,399,370 | 98.95% | 1,656,773 | 1.05% | 237,649 | 62.59 |
Resolution 6 - Report on Directors' Remuneration
The Board notes that the advisory vote on the Directors' Remuneration Report did not receive the required majority number of votes to pass. Prior to the AGM the Remuneration Committee conducted an extensive consultation with the Company's largest shareholders regarding the Directors' Remuneration Report. The Remuneration Committee values the feedback they have received on the Company's remuneration arrangements and will continue to engage constructively with shareholders.
Notes
(1) A vote withheld is not a vote in law and is not counted in the calculation of the portion of votes in favour or against a resolution
(2) *denotes special resolution
(3) At the date of AGM the issued share capital of the Company is 252,517,420 ordinary shares.
-ENDS -
For further information, please contact:
| GBG Chris Clark, CEO & David Ward, CFO Annabelle Burton, Company Secretary
|
+44 (0) 1244 657333 +44 (0) 7976 660181 |
| Numis (Nominated Adviser and Corporate Broker) Simon Willis & Joshua Hughes
|
+44 (0) 207 2601000 |
| Barclays (Corporate Broker) Stuart Jempson & Robert Mayhew |
+44 (0) 207 6232323
|
| Teneo (Financial PR) James Macey White & Matt Low
|
+44 (0) 207 3534200
|
| Website | www.gbgplc.com/investors |
About GBG
We are the experts in digital location, identity and managing fraud risk and compliance. Helping organisations across the globe eliminate customer friction and fraud from their digital experiences. GBG develops and delivers digital identity, address verification, fraud prevention and compliance software to businesses globally.
Through the combination of the latest technology, the most accurate data and our unrivalled expertise, GBG helps organisations ranging from start-ups to the largest consumer and technology brands in the world deliver seamless experiences, so their customers can transact online with greater confidence.
To find out more about how we help our customers establish trust with their customers visit www.gbgplc.com and follow us on LinkedIn and Twitter @gbgplc.
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