Results of 2020 Annual General Meeting

RNS Number : 0549R

LMS Capital PLC

25 June 2020

 

Thursday 25 June 2020

LMS CAPITAL PLC

Results of 2020 Annual General Meeting

LMS Capital plc held its 2020 Annual General Meeting yesterday afternoon. 

Due to the Coronavirus pandemic and in accordance with the UK Government and Public Health England guidance on public gatherings due to the Coronavirus outbreak, the Board concluded that given the possible health risks arising from the attendance of an AGM, it was not appropriate for shareholders to attend in person this year and, instead all votes were asked to be submitted electronically via Proxy and Third Parties.  Prior to the AGM being convened, Shareholders were given the opportunity to submit pre-registered questions. 

The Board recognise the importance of establishing a dialogue with Shareholders, and wishes to emphasise that questions or discussion are always welcome. The Board intends to hold an Investor forum later in the year.

All resolutions proposed at the AGM were passed, on a show of hands at the meeting.  The results of the proxy and third party votes received in advance of the meeting are reported below.

Resolution	For*		Against		Withheld
	Votes	%	Votes	%	Votes
1.  Receive the 2019 Annual Report and Accounts	33,267,380	96.43	1,232,152	3.57	9,431
2.  Approve the Remuneration Report	34,481,761	99.97	9,654	0.03	17,548
3.  Approve a new Directors' Remuneration Policy	34,437,261	99.83	60,026	0.17	11,676
4.  Approve the rules of the LMS Capital Value Creation Plan	32,868,149	96.22	1,291,526	3.78	349,288
5.  Re-elect Robbie Rayne as a director	33,211,941	96.29	1,279,907	3.71	17,115
6.  Elect Nick Friedlos as a director	34,452,754	99.86	46,668	0.14	9,541
7.  Elect Peter Harvey as a director	34,459,422	99.88	40,000	0.12	9,541
8.  Elect Graham Stedman as a director	34,447,498	99.87	45,256	0.13	16,209
9.  Elect James Wilson as a director	34,459,422	99.88	40,000	0.12	9,541
10.  Re-appoint BDO LLP as auditors	33,263,750	99.96	13,061	0.04	1,232,152
11.  Authorise the directors to determine the auditor's remuneration	34,497,039	99.98	5,256	0.02	6,668
12.  Authorise the directors to allow shares	34,474,897	99.94	21,966	0.06	12,100
13.  Authorise the directors to disapply pre-emption rights (special resolution)	34,087,253	98.82	408,704	1.18	13,006
14.  Authorise the Company to buy back its own shares (special resolution)	33,249,169	96.38	1,247,127	0.03	12,667
15.  Authorise the calling of general meetings on 14 days' clear notice (special resolution)	34,463,072	99.87	43,222	0.13	2,669

* The 'For' votes include those votes giving the Chairman discretion.

All resolutions put to the meeting were carried.

The Company's issued share capital is 80,727,450 ordinary shares of 10p each.

A vote withheld is not a vote in law and is not counted in the calculation of votes validly cast for or against a resolution.

Copies of the resolutions passed as special resolutions at the AGM will shortly be available for inspection at the National Storage Mechanism, which is located at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information please contact:

LMS Capital PLC

Nick Friedlos, Managing Director  020 7935 3555 or 0207 938 2440

Shore Capital

Robert Finlay    0207 405 4850

Lisa O'Sullivan, IQ-EQ Corporate Services (UK) Ltd  [phone]

Company Secretary

 

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RAGSESSMIESSEFM