22nd May 2026 14:45
London, 22 May 2026
Lion Finance Group PLC - Result of AGM
Lion Finance Group PLC (the "Company") held its Annual General Meeting (the "AGM") on 22 May 2026. Details of the resolutions are set out in full in the Notice of AGM dated 15 April 2026.
Voting at the AGM was completed by way of a poll. All resolutions were passed by the required majority.
Resolutions 1 to 16 (inclusive) were passed as ordinary resolutions and resolutions 17 to 20 (inclusive) were passed as special resolutions.
The results of the poll for each resolution were as follows:
RESOLUTION | VOTESFOR | % | VOTESAGAINST | % | VOTESTOTAL | % of ISC*VOTED | VOTESWITHHELD |
1 To receive the Annual Report and Accounts for the year ended 31 December 2025 | 31,394,632 | 99.96% | 12,377 | 0.04% | 31,407,009 | 72.73% | 325,674 |
2 To approve the Directors' Remuneration Report | 27,550,417 | 86.99% | 4,121,404 | 13.01% | 31,671,821 | 73.34% | 60,862 |
3 To re-appoint Mel Carvill, as a Director | 30,631,994 | 96.54% | 1,099,051 | 3.46% | 31,731,045 | 73.48% | 1,638 |
4 To re-appoint Archil Gachechiladze, as a Director | 31,696,361 | 99.89% | 34,734 | 0.11% | 31,731,095 | 73.48% | 1,588 |
5 To re-appoint Tamaz Georgadze, as a Director | 30,649,499 | 96.59% | 1,081,546 | 3.41% | 31,731,045 | 73.48% | 1,638 |
6 To re-appoint Maria Gordon, as a Director | 28,696,954 | 90.44% | 3,034,091 | 9.56% | 31,731,045 | 73.48% | 1,638 |
7 To re-appoint Karine Hirn, as a Director | 31,687,231 | 99.86% | 43,814 | 0.14% | 31,731,045 | 73.48% | 1,638 |
8 To re-appoint Véronique McCarroll, as a Director | 31,687,251 | 99.86% | 43,794 | 0.14% | 31,731,045 | 73.48% | 1,638 |
9 To re-appoint Andrew McIntyre, as a Director | 31,483,550 | 99.22% | 247,495 | 0.78% | 31,731,045 | 73.48% | 1,638 |
10 To re-appoint Mariam Megvinetukhutsesi, as a Director | 31,686,991 | 99.86% | 44,054 | 0.14% | 31,731,045 | 73.48% | 1,638 |
11 To re-appoint Cecil Quillen, as a Director | 30,487,071 | 96.08% | 1,243,974 | 3.92% | 31,731,045 | 73.48% | 1,638 |
12 To appoint Armen Orujyan, as a Director | 31,687,250 | 99.86% | 43,845 | 0.14% | 31,731,095 | 73.48% | 1,588 |
13 To appoint PricewaterhouseCoopers LLP as Auditor of the Company | 31,719,142 | 99.96% | 11,953 | 0.04% | 31,731,095 | 73.48% | 1,588 |
14 To authorise the Audit Committee to determine the remuneration of the Auditor | 31,512,350 | 99.31% | 218,745 | 0.69% | 31,731,095 | 73.48% | 1,588 |
15 To authorise political donations and political expenditure | 30,944,482 | 99.89% | 34,300 | 0.11% | 30,978,782 | 71.73% | 753,901 |
16 To authorise the Board to allot shares | 28,926,988 | 91.16% | 2,803,940 | 8.84% | 31,730,928 | 73.48% | 1,755 |
17 To authorise the disapplication of pre-emption rights | 30,551,467 | 96.28% | 1,179,461 | 3.72% | 31,730,928 | 73.48% | 1,755 |
18 To authorise the disapplication of pre-emption rights in connection with an acquisition or specified capital investment | 30,250,078 | 95.33% | 1,481,112 | 4.67% | 31,731,190 | 73.48% | 1,493 |
19 To authorise the Company to purchase its own shares | 31,724,419 | 99.99% | 2,556 | 0.01% | 31,726,975 | 73.47% | 5,708 |
20 To authorise a 14 clear day notice period for general meetings | 30,757,724 | 96.93% | 973,471 | 3.07% | 31,731,195 | 73.48% | 1,488 |
*Issued share capital excluding treasury shares pending cancellation
Notes:
1. As at the date of the AGM, the Company had 43,223,929 ordinary shares in issue. The Company held 38,000 shares in treasury pending cancellation and therefore the number of total voting rights as at the date of the AGM was 43,185,929. In accordance with the Company's Articles of Association, on a poll every member who is present in person or by proxy has one vote for every share held.
2. The scrutineer of the poll was Computershare Investor Services PLC, the Company's Share Registrar.
3. Note that a "vote withheld" is not a vote in law and such votes have not been included in the calculation of votes "for" and "against" each resolution. Proxy appointments which gave discretion to the Chairman have been included in the "for" total above.
In accordance with UK Listing Rule 6.4.2R, copies of the resolutions which constitute special business at the AGM (being resolutions 15 to 20) will be submitted to the FCA National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Buyback Authority
Following the announcement on 7 May 2026, the shareholder authority to carry out buybacks has been renewed at the AGM, and the end date of the GEL 55.0 million extension of the buyback and cancellation programme (the "Programme") has been extended to no later than the Company's Annual General Meeting 2027. The shares will be purchased in the open market. The purpose of the buyback is to reduce the Group's share capital, and the cancellation of the treasury shares repurchased will be executed on a monthly basis.
The Programme will be conducted within certain pre-set parameters, and in accordance with the general authority to repurchase shares granted at the 2026 Annual General Meeting, Chapter 9 of the UK Listing Rules, and the provisions of the Market Abuse Regulation 596/2014/EU and of the Commission Delegated Regulation (EU) 2016/1052 (as they form part of UK domestic law). The maximum number of shares that may be repurchased under the Programme is 4,322,392.
The Company has appointed Cavendish Capital Markets Limited ("Cavendish") to manage the Programme. During any closed periods the Company and its directors have no power to invoke any changes to the Programme and it will be executed at the sole discretion of Cavendish. The Company will make further announcements in due course following the completion of any share repurchases.
For further information, please contact: Computershare Company Secretarial Services Limited, [email protected]
Name of authorised official of issuer responsible for making notification: Computershare Company Secretarial Services Limited, Company Secretary
About Lion Finance Group PLC
Lion Finance Group PLC (LSE: BGEO LN) is an LSE listed company whose main subsidiaries provide banking and financial services focused in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks - Bank of Georgia in Georgia and Ameriabank in Armenia. By building on our competitive strengths, we are committed to driving business growth, sustaining high profitability, and generating strong returns, while creating opportunities for our stakeholders and making a positive contribution in the communities where we operate. Legal Entity Identifier: 213800XKDG12NQG8VC53
For further information, please visit www.lionfinancegroup.uk or contact:
Sam Goodacre | Nini Arshakuni |
Adviser to the CEO | Head of Investor Relations |
+44 203 178 4034 | +44 203 178 4034 |
This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities
Related Shares:
Bank Of Georgia Group