Result of AGM

RNS Number : 3219U

Record PLC

29 July 2022

 

RECORD PLC

("Record" or "the Company")

Notification of shareholder resolutions at

2022 Annual General Meeting

in compliance with Listing Rule 9.6.18R

29 July 2022

Record plc held its Annual General Meeting at 10.00 a.m. on 29 July 2021 at The Office Group - Liberty House, 222 Regent St., London W1B 4NH.

All of the eighteen resolutions set out in the Notice of Annual General Meeting ("AGM Notice") issued to shareholders on 29 June 2022 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 2022.	118,732,566	100.00%	0	0.00%	118,732,566	59.65%	3,225
2.  To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) as set out in the Annual Report & Accounts of the Company.	101,461,225	89.91%	11,389,408	10.09%	112,850,633	56.69%	5,885,158
3.  To approve the Directors' Remuneration Policy, set out in the Directors' Remuration Report as set out in the Annual Report & Accounts of the Company.	108,405,754	96.09%	4,405,865	3.91%	112,811,619	56.67%	5,924,172
4.  To approve and adopt the Record plc Long Term Incentive Plan	117,064,457	98.60%	1,658,255	1.40%	118,722,712	59.64%	13,079
5.   To declare a final dividend of 1.80 pence per ordinary share.	118,732,566	100.00%	0	0.00%	118,732,566	59.65%	3,225
6.  To re-elect Neil Record as a director of the Company.	116,983,765	98.53%	1,748,801	1.47%	118,732,566	59.65%	3,225
7.  To re-elect Leslie Hill as a director of the Company.	118,732,066	99.99%	500	0.01%	118,732,566	59.65%	3,225
8.  To re-elect Steve Cullen as a director of the Company.	118,732,066	99.99%	500	0.01%	118,732,566	59.65%	3,225
9.  To re-elect Tim Edwards as a director of the Company	115,373,589	97.72%	2,694,185	2.28%	118,067,774	59.31%	668,017
10. To elect Matt Hotson as a director of the Company.	117,538,386	99.55%	529,388	0.45%	118,067,774	59.31%	668,017
11. To elect Krystyna Nowak as a director of the Company.	118,067,774	100.00%	0	0.00%	118,067,774	59.31%	668,067
12.   To re-appoint BDO LLP as Auditor of the Company to hold office until the conclusion of the next meeting of the Company at which the accounts are laid.	118,732,566	100.00%	0	0.00%	118,732,566	59.65%	3,225
13. To authorise the directors of the Company to determine the Auditor's remuneration.	118,732,566	100.00%	0	0.00%	118,732,566	59.65%	3,225
14. To authorise the Directors to allot Ordinary Shares on the terms set out in the AGM Notice.	118,730,453	99.99%	2,113	0.01%	118,732,566	59.65%	3,225
15. To disapply statutory pre-emption rights on the terms set out in the AGM Notice.	118,650,869	99.94%	74,697	0.06%	118,725,566	59.64%	10,225
16. To disapply statutory pre-emption rights in connection with an acquisition or other capital investment on the terms set out in the AGM Notice.	117,807,869	99.22%	924,697	0.78%	118,732,566	59.65%	3,225
17. To authorise the Company to purchase its own shares on the terms set out in the AGM Notice.	118,704,601	99.98%	27,965	0.02%	118,732,566	59.65%	3,225
18. To permit general meetings of the Company (other than annual general meetings) to be called on not less than 14 clear days' notice.	118,675,168	99.95%	57,398	0.05%	118,732,566	59.65%	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
9.  To elect Tim Edwards as a director of the Company.	56,714,015	95.46%	2,694,185	4.54%	59,408,200	29.85	668,017
10. To elect Matt Hotson as a director of the Company.	58,878,812	99.11%	529,388	0.89%	59,408,200	29.85	668,017
11. To elect Krystyna Nowak as a director of the Company.	59,408,200	100.00%	0	0.00%	59,408,200	29.85	668,017

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 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.

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

Resolutions 1 to 14 were ordinary resolutions, requiring more than 50 per cent. of shareholders' votes to be cast in favour of the resolutions. Resolutions 15 to 18 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

 

 

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