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AGM Webcast

Britannia’s 2009 AGM was arguably the most important event in Britannia’s long and successful history, as we learned whether or not members chose to take an historic step in the growth and development of their Society by voting for a merger with The Co-operative Financial Services.

This webcast has been provided to give members who were unable to attend, a record of the key points of the meeting.

Results of the AGM

Members have endorsed the society’s strategy by voting in favour of the board’s resolutions and the directors standing for election at this year’s Annual General Meeting.

The full results announced by Rodney Baker-Bates, Society Chairman, at the Annual General Meeting on 29 April 2009 at the Exhibition Hall 3a at the National Exhibition Centre, Birmingham, were as follows:

2009 AGM results
Votes For Against Withheld % Votes in favour
Ordinary resolutions
Receipt of the annual reports and accounts 433,000 6,100 6,000 98.6%
Re-appointment of PricewaterhouseCoopers LLP 427,600 10,700 6,800 97.6%
Approval of the directors' remuneration report 402,000 29,900 14,000 93.1%
Directors
To elect David McCarthy 417,700 17,400 10,000 96.0%
To re-elect Neville Richardson 415,900 19,700 9,400 95.5%
To elect Peter Harvey 417,200 17,900 10,000 95.9%
To re-elect Rodney Baker-Bates 413,300 22,100 9,700 94.9%
To elect Stephen Kingsley 416,300 17,200 11,500 96.0%
To re-elect Tim Franklin 416,100 18,100 11,000 95.8%
Members' Resolutions
Approval of the shareholding members' resolution 375,500 48,500 3,300 88.6%
Approval of the borrowing members' resolution 27,400 4,400 200 86.2%

Ordinary resolutions

  • That the annual accounts, the annual business statement, the directors’ report and the auditors’ report for the year ended 31 December 2008 be received.
  • That PricewaterhouseCoopers LLP be reappointed as auditors of the society to hold office until the conclusion of the next Annual General Meeting.
  • That the directors’ remuneration report for the year ended 31 December 2008 be approved.

Members’ resolutions (Shareholding and Borrowing)

  • To approve the transfer of the whole of Britannia Building Society’s business to The Co-operative Bank and the terms of the agreement as referred to in the Notice of the Annual General Meeting.

It's good to give something back

For every AGM vote returned, we donated up to 35p* to charity – 10p for every voting form returned by post or through one of our branches, and 35p* if you voted online or in person at the AGM.

By voting this year, our members raised over £50,000 for Alzheimer’s Society, which is was chosen corporate charity for 2008/2009. A big thank you to everyone who voted this year.

Where your donation goes

Alzheimer’s Society is the UK’s leading care and research charity for people with dementia and those who care for them. There are 700,000 people with dementia in the UK, a figure predicted to rise to one million by 2025.

*The 25p difference is due to the extra administration and postage costs of processing branch or postal votes. Alzheimer’s Society registered charity no. 296645 alzheimers.org.uk

Contact Us

We hope this website provides you with all the information you need to know about the merger. If you’re still unsure about anything, you can get in touch with us by e-mail using the contact us form, visiting your local branch, or calling us on 0808 156 1209*. But before you do, please check that your question hasn’t already been answered in our FAQs.

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