Result of AGM

RNS Number : 6566G

Record PLC

27 July 2021

 

RECORD PLC

("Record" or "the Company")

Notification of shareholder resolutions at

2021 Annual General Meeting

in compliance with Listing Rule 9.6.18R

27 July 2021

Record plc held its Annual General Meeting at 10.00 a.m. on 27 July 2021 at Morgan House, Madeira Walk, Windsor SL4 1EP.

All of the fifteen resolutions set out in the Notice of Annual General Meeting ("AGM Notice") issued to shareholders on 25 June 2021 were on a poll. The results of each resolution were as follows:

	Votes For (including Discretionary)		Votes Against		Total votes cast		Votes Withheld
Resolution	Number of votes	% of votes cast	Number of votes	% of votes cast	Total number of votes	% of Record plc issued ordinary shares	Number of votes
1.   To receive and adopt the Annual Report & Accounts of the Company for the year ended 31 March 2021.	110,724,283	100%	0	0%	110,724,283	55.63%	3,082
2.  To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) as set out in the Annual Report & Accounts of the Company.	101,625,410	91.79%	9,091,185	8.21%	110,716,595	55.62%	10,770
3.   To declare a final dividend of 1.15 pence per ordinary share.	110,724,283	100%	0	0%	110,724,283	55.63%	3,082
4.  To re-elect Neil Record as a director of the Company.	109,506,942	98.92%	1,200,812	1.08%	110,707,754	55.62%	19,611
5.  To re-elect Leslie Hill as a director of the Company.	110,342,326	99.67%	365,428	0.33%	110,707,754	55.62%	19,611
6.  To re-elect Steve Cullen as a director of the Company.	110,337,557	99.67%	370,197	0.33%	110,707,754	55.62%	19,611
7.  To re-elect Rosemary Hilary as a director of the Company.	110,108,063	99.44%	615,173	0.56%	110,723,236	55.62%	4,129
8.  To re-elect Tim Edwards as a director of the Company.	110,092,581	99.44%	615,173	0.56%	110,707,754	55.62%	19,611
9.   To re-appoint BDO 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.	110,723,236	100%	0	0%	110,723,236	55.62%	4,129
10. To authorise the directors of the Company to determine the Auditor's remuneration.	110,724,283	100%	0	0%	110,724,283	55.63%	3,082
11. To authorise the Directors to allot Ordinary Shares on the terms set out in the AGM Notice.	110,666,034	99.95%	58,249	0.05%	110,724,283	55.63%	3,082
12. To disapply statutory pre-emption rights on the terms set out in the AGM Notice.	110,625,584	99.91%	98,699	0.09%	110,724,283	55.63%	3,082
13. To disapply statutory pre-emption rights in connection with an acquisition or other capital investment on the terms set out in the AGM Notice.	110,634,999	99.93%	81,113	0.07%	110,716,112	55.62%	11,253
14. To authorise the Company to purchase its own shares on the terms set out in the AGM Notice.	110,698,318	99.98%	25,965	0.02%	110,724,283	55.63%	3,082
15. To permit general meetings of the Company (other than annual general meetings) to be called on not less than 14 clear days' notice.	110,676,649	99.96%	47,491	0.04%	110,724,140	55.63%	3,225

VOTES OF SHAREHOLDERS EXCLUDING CONTROLLING SHAREHOLDERS

	Votes For (including Discretionary)		Votes Against		Total votes cast		Votes Withheld
Resolution	Number of votes	% of votes cast	Number of votes	% of votes cast	Total number of votes	% of Record plc issued ordinary shares	Number of votes
7.  To re-elect Rosemary Hilary as a director of the Company.	51,711,522	98.82%	615,173	1.18%	52,326,695	26.29%	4,129
8.  To re-elect Tim Edwards as a director of the Company.	57,764,839	98.95%	615,173	1.05%	58,380,012	29.33%	19,611

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 7 and 8) 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.

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

Resolutions 1 to 11 were ordinary resolutions, requiring more than 50 per cent. of shareholders' votes to be cast in favour of the resolutions. Resolutions 12 to 15 were special resolutions, requiring at least 75 per cent. of shareholders' votes to be cast in favour of the resolutions.

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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

-Ends -

For further information, please contact:

Record plc   Tel: [phone]

Leslie Hill, Chief Executive Officer

Steve Cullen, Chief Finance Officer

Buchanan   Tel: [phone]

Giles Stewart  [e-mail]

Victoria Hayns

Henry Wilson

George Beale

Notes to Editors

Record plc

Founded in 1983, Record is an independent, market-leading specialist currency and derivatives manager with over 38 years of experience which has allowed us to develop a deep and fundamental understanding of the risk and reward opportunities within those markets.

Our range of products typically assist our clients in achieving either their risk-reduction (via Currency Hedging) or return-seeking (via Currency for Return) objectives.

Our clients are largely institutions, including pension funds, charities, foundations, endowments, and family offices, as well as other asset managers and corporates.

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

 

END

 

 

RAGSEEFIWEFSEFW