Annual Financial Report and Notice of AGM

RNS Number : 3023S

Softcat PLC

05 November 2019

 

5 November 2019

SOFTCAT plc

("Softcat", the "Company")

Annual Financial Report

and

Notice of Annual General Meeting

Following the release on 23 October 2019 of the Company's preliminary results for the year ended 31 July 2019, the Company announces that it has published its 2019 Annual Report and Accounts.

The Company also announces that its 2019 Annual General Meeting will be held at 11.30 a.m. on 5 December 2019 at Solar House, Fieldhouse Lane, Marlow, Buckinghamshire, SL7 1LW, United Kingdom.

A copy of the Annual Report and Accounts and Notice of AGM are available to view on the Company's website at https://www.softcat.com/investors/. Hard copies have been mailed to those shareholders who have elected to continue to receive paper communications.

In accordance with Listing Rule 9.6.1, the below documents will be submitted to the UK Listing Authority via a National Storage Mechanism and will shortly be available to the public for inspection at www.morningstar.co.uk/uk/NSM.

2019 Annual Reports and Accounts

Notice of 2019 Annual General Meeting

A condensed set of the Company's financial statements and information on important events that have occurred during the financial year and their impact on the financial statements, were included in the preliminary results announcement released on 23 October 2019. That information, together with the information set out below, which is extracted from the 2019 Annual Report and Accounts, is provided in accordance with the Disclosure and Transparency Rule 6.3.5 which is required to be communicated to the media in full unedited text through a Regulatory Information Service. This information should be read in conjunction with the Company's preliminary results announcement. This announcement is not a substitute for reading the full 2019 Annual Report and Accounts. Any page or note references in the text below refer to page numbers and note numbers in the 2019 Annual Report and Accounts.

Related party relationships and transactions

Transactions with key management personnel

The remuneration of key management personnel, which consists of persons who have been deemed to be discharging managerial responsibilities, is set out below in aggregate for each of the categories specified in IAS 24 Related Party Disclosures.

	2019	2018
	£'000	£'000
Short-term employee benefits	2,312	2,013
Post-employment benefits	27	12
	2,339	2,025

Key management personnel received a total of 165,762 share awards (2018: 226,815) at a weighted average exercise price of £Nil (2018: £Nil).

The amounts disclosed in the table are the amounts recognised as an expense during the reporting period related to key management personnel.

Share-based payment charges include £878,608 (2018: £1,252,616) in respect of key management personnel.

Dividends to Directors

	2019	2018
	£'000	£'000
M Hellawell	2,623	3,326
G Charlton	3	-
B Wallace1	-	198
V Murria	84	67
L Ginsberg1	6	5
P Ventress	13	11
	2,729	3,607

Note:

1. Brian Wallace and Lee Ginsberg resigned from the Board on 31 March 2018 and 30 June 2019 respectively. Amounts shown above relate to the time until each Director resigned.

For further information, please contact:

Softcat

Luke Thomas                                                                 Tel: [phone]

Company Secretary

Media Enquiries -         FTI Consulting LLP                  Tel: [phone]

Ed Bridges / Matt Dixon / Dwight Burden

 

END

 

 

ACSCKPDPCBDKNDK