Result of AGM

RNS Number : 7253G

Record PLC

25 July 2019

 

RECORD PLC

("Record" or "the Company")

Notification of shareholder resolutions at

2019 Annual General Meeting

in compliance with Listing Rule 9.6.18R

25 July 2019

Record plc held its Annual General Meeting at 10.00 a.m. on 25 July 2019 at Morgan House, Madeira Walk, Windsor SL4 1EP.

All of the eighteen resolutions set out in the Notice of Annual General Meeting ("AGM Notice") sent to shareholders on 24 June 2019 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 & Accounts of the Company for the year ended 31 March 2019.	131,185,389	99.99%	8,192	0.01%	65.91%	10,000
2.   To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) as set out in the Annual Report & Accounts of the Company.	127,826,567	97.46%	3,335,014	2.54%	65.89%	42,000
3.   To declare a final dividend of 1.15 pence per ordinary share of £0.00025 in the capital of the Company.	131,193,526	100.00%	55	0.00%	65.91%	10,000
4.   To re-elect Neil Record as a director of the Company.	131,192,164	100.00%	1,417	0.00%	65.91%	10,000
5.   To re-elect James Wood-Collins as a director of the Company.	128,309,402	97.80%	2,884,179	2.20%	65.91%	10,000
6.   To re-elect Steve Cullen as a director of the Company.	128,315,402	97.81%	2,878,179	2.19%	65.91%	10,000
7.   To re-elect Bob Noyen as a director of the Company.	128,314,340	97.81%	2,879,241	2.19%	65.91%	10,000
8.   To re-elect Leslie Hill as a director of the Company.	128,314,640	97.81%	2,878,941	2.19%	65.91%	10,000
9.   To re-elect Jane Tufnell as a director of the Company.	131,058,970	99.90%	134,611	0.10%	65.91%	10,000
10. To re-elect Rosemary Hilary as a director of the Company.	130,872,875	99.76%	320,706	0.24%	65.91%	10,000
11. To re-elect Tim Edwards as a director of the Company.	129,490,750	99.30%	917,907	0.70%	65.51%	794,924
12.           To re-appoint PricewaterhouseCoopers LLP as auditor of the Company to hold office from the conclusion of the AGM until the conclusion of the next meeting of the Company at which the accounts are laid.	130,829,523	99.74%	335,006	0.26%	65.89%	39,052
13. To authorise the directors of the Company  to determine the auditor's  remuneration.	127,835,332	97.46%	3,334,197	2.54%	65.90%	34,052
14. To authorise the Directors to allot Ordinary Shares on the terms set out in the AGM Notice.	131,149,572	99.99%	11,335	0.01%	65.89%	42,674
15. To disapply statutory pre-emption rights on the terms set out in the AGM Notice.	131,129,007	99.99%	16,900	0.01%	65.88%	57,674
16. To disapply statutory pre-emption rights in connection with an acquisition or other capita investment on the terms set out in the AGM Notice.	131,129,007	99.99%	16,900	0.01%	65.88%	57,674
17. To authorise the Company to purchase its own shares on the terms set out in the AGM Notice.	131,156,650	99.97%	36,257	0.03%	65.91%	10,674
18. To permit general meetings of the Company (other than annual general meetings) to be called on not less than 14 clear days' notice.	131,178,138	99.99%	15,300	0.01%	65.91%	10,143

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
9.   To re-elect Jane Tufnell as a director of the Company.	68,662,429	99.80%	134,611	0.20%	34.56%	10,000
10. To re-elect Rosemary Hilary as a director of the Company.	68,476,334	99.53%	320,706	0.47%	34.56%	10,000
11. To re-elect Tim Edwards as a director of the Company.	67,094,209	98.65%	917,907	1.35%	34.17%	794,924

As the Company has a controlling shareholder (as defined in the Financial Conduct Authority's Listing Rules), the resolutions to elect an independent director (being resolutions 9, 10 and 11) 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 15, 16, 17 and 18 were passed as special resolutions.

The number of ordinary shares in issue at the date of this announcement is 199,054,325.

A copy of all the resolutions passed at the Annual General Meeting has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.

For further information, please contact:

Record plc                                                                                          Tel: [phone]

James Wood-Collins, Chief Executive Officer

Steve Cullen, Chief Finance Officer

MHP                                                                                                    Tel: [phone]

Andrew Fleming                                                                                            [e-mail]

Ollie Hoare

Robert Collett-Creedy

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 Currency Hedging and Currency for Return for institutional clients.

The Group has four principal reporting lines:

-    Dynamic 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;

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

-   Multi-Product, where the client mandate includes combined hedging and return-seeking objectives.

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

Record plc, Morgan House, Madeira Walk, Windsor, Berkshire SL4 1EP

LEI: 5493000VJ55ZTYGX4322

 

END

 

 

RAGSELSUIFUSEIW