Result of AGM

RNS Number : 8815T

Record PLC

23 July 2015

 

RECORD PLC

("Record" or "the Company")

Notification of shareholder resolutions at

2015 Annual General Meeting

in compliance with Listing Rule 9.6.18R

23 July 2015

Record plc held its Annual General Meeting at 10.00 a.m. on 23 July 2015 at Morgan House, Madeira Walk, Windsor SL4 1EP.

All of the eleven resolutions set out in the Notice of Annual General Meeting sent to shareholders on 25 June 2015 were passed.  The following is a summary of the proxy votes that were received by the Company's registrars:

	Votes For (including Discretionary)		Votes Against		Total votes cast as a % of Record plc issued ordinary shares	Votes Withheld
Resolution	Number of votes	% of votes cast	Number of votes	% of votes cast	%	Number of votes
1.   To receive and adopt the Annual Report & Financial Statements of the Company for the year ended 31 March 2015.	150,949,016	99.99%	9,300	0.01%	68.19%	0
2.   To declare a final dividend of 0.90 pence per ordinary share of £0.00025 in the capital of the Company.	150,958,316	100%	0	0.00%	68.19%	0
3.   To re-elect James Wood-Collins as a director of the Company.	150,947,834	99.99%	10,482	0.01%	68.19%	0
4.   To re-elect Andrew Sykes as an independent director of the Company.	150,944,834	99.99%	13,482	0.01%	68.19%	0
5.   To re-elect David Morrison as an independent director of the Company.	150,863,686	99.94%	94,630	0.06%	68.19%	0
6.   To re-appoint Grant Thornton UK LLP as auditor of the Company and to authorise the directors to agree their remuneration.	150,923,316	99.99%	9,000	0.01%	68.18%	26,000
7.   To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) as set out on pages 43 to 53 of the Annual Report & Financial Statements of the Company.	150,902,249	99.97%	51,197	0.03%	68.19%	4,870
8.   To authorise the Directors to allot Ordinary Shares on the terms set out in the notice of annual general meeting.	150,929,016	99.98%	29,300	0.02%	68.19%	0
9.   To disapply statutory pre-emption rights on the terms set out in the notice of annual general meeting.	150,885,016	99.97%	47,300	0.03%	68.18%	26,000
10. To authorise the Company to purchase own shares on the terms set out in the notice of annual general meeting.	150,943,016	99.99%	15,300	0.01%	68.19%	0
11. To permit general meetings of the Company (other than annual general meetings) to be called on not less than 14 clear days' notice.	150,929,016	99.98%	29,300	0.02%	68.19%	0

VOTES OF SHAREHOLDERS EXCLUDING CONTROLLING SHAREHOLDERS

	Votes For (including Discretionary)		Votes Against		Total votes cast as a % of Record plc issued ordinary shares	Votes Withheld
Resolution	Number of votes	% of votes cast	Number of votes	% of votes cast	%	Number of votes
4.   To re-elect Andrew Sykes as an independent director of the Company.	79,537,005	99.98%	13,482	0.02%	36.13%	0
5.   To re-elect David Morrison as an independent director of the Company.	79,455,857	99.88%	94,630	0.12%	36.13%	0

As the Company has a controlling shareholder (as defined in the Financial Conduct Authority's Listing Rules), each resolution to re-elect an independent director (being resolutions 4 and 5) have, under Listing Rule 9.2.2E, been approved by a majority of the votes cast by:

·      the shareholders of the Company as a whole; and

·      the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholder.

Note: A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

All of the above resolutions were passed on a show of hands.  Each was passed unanimously in favour. Resolutions 9, 10 and 11 were passed as special resolutions.

The number of ordinary shares in issue at the date of this announcement is 221,380,800.

For further information, please contact:

Record plc                                                                                          Tel: [phone]

James Wood-Collins

Steve Cullen

MHP                                                                                                    Tel: [phone]

Nick Denton

Notes to Editors

Record is a specialist currency manager and provider of currency hedging services for institutional clients. Founded in 1983, Record has established a market leading position as a currency manager. Specifically, the Group has a leading position in managing Dynamic Hedging and Currency for Return for institutional clients.

The Group has three principal product lines:

-      Dynamic Hedging, formerly known as Active Hedging, where Record seeks to eliminate the impact of currency movements on elements of clients' investment portfolios that are denominated in foreign currencies when these movements are expected to result in an economic loss to the client, but not to do so when they are expected to result in an economic gain;

-      Passive Hedging, where Record seeks to eliminate fully or partially the economic impact of currency movements on elements of clients' investment portfolios that are denominated in foreign currencies; and

-      Currency for Return, in which Record enters into currency contracts for clients with the objective of generating positive returns.

Record (LSE: REC) was admitted to trading on the main market of London Stock Exchange plc on 3 December 2007.

 

END

 

 

RAGSELSUDFISELW