Result of AGM

RNS Number : 1241V

Record PLC

04 August 2020

 

RECORD PLC

("Record" or "the Company")

Notification of shareholder resolutions at

2020 Annual General Meeting

in compliance with Listing Rule 9.6.18R

4 August 2020

Record plc held its Annual General Meeting at 10.00 a.m. on 4 August 2020 at Morgan House, Madeira Walk, Windsor SL4 1EP.

All of the nineteen resolutions set out in the Notice of Annual General Meeting ("AGM Notice") issued to shareholders on 30 June 2020 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 2020.	120,916,690	100.00%	0	0.00%	60.75%	26,405
2.  To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) as set out in the Annual Report & Accounts of the Company.	120,933,840	99.99%	6,201	0.01%	60.76%	3,054
3.  To approve the Directors' Remuneration Policy as set out in the Annual Report & Accounts of the Company.	120,929,770	99.99%	10,271	0.01%	60.76%	3,054
4.   To declare a final dividend of 1.15 pence per ordinary share.	120,943,095	100.00%	0	0.00%	60.76%	0
5.  To re-elect Neil Record as a director of the Company.	118,732,917	98.17%	2,210,178	1.83%	60.76%	0
6.  To re-elect Leslie Hill as a director of the Company.	118,732,917	98.17%	2,210,178	1.83%	60.76%	0
7.  To re-elect Steve Cullen as a director of the Company.	118,752,931	98.19%	2,190,164	1.81%	60.76%	0
8.  To re-elect Bob Noyen as a director of the Company.	118,732,617	98.17%	2,210,478	1.83%	60.76%	0
9.  To re-elect Jane Tufnell as a director of the Company.	120,913,781	99.98%	29,314	0.02%	60.76%	0
10. To re-elect Rosemary Hilary as a director of the Company.	120,913,781	99.98%	29,314	0.02%	60.76%	0
11. To re-elect Tim Edwards as a director of the Company.	120,919,481	99.98%	23,614	0.02%	60.76%	0
12.   To 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.	120,925,295	99.99%	17,800	0.01%	60.76%	0
13. To authorise the directors of the Company to determine the auditor's remuneration.	120,939,795	100.00%	3,300	0.00%	60.76%	0
14. To authorise the Directors to allot Ordinary Shares on the terms set out in the AGM Notice.	120,905,838	99.98%	25,629	0.02%	60.75%	11,628
15. To disapply statutory pre-emption rights on the terms set out in the AGM Notice.	120,865,936	99.94%	77,159	0.06%	60.76%	0
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.	120,876,936	99.95%	66,159	0.05%	60.76%	0
17. To authorise the Company to purchase its own shares on the terms set out in the AGM Notice.	120,904,547	99.97%	38,548	0.03%	60.76%	0
18. To adopt new articles of association.	120,925,167	99.99%	6,300	0.01%	60.75%	11,628
19. To permit general meetings of the Company (other than annual general meetings) to be called on not less than 14 clear days' notice.	120,916,459	99.98%	26,493	0.02%	60.76%	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.	58,517,240	99.95%	29,314	0.05%	29.41%	0
10. To re-elect Rosemary Hilary as a director of the Company.	58,517,240	99.95%	29,314	0.05%	29.41%	0
11. To re-elect Tim Edwards as a director of the Company.	58,522,940	99.96%	23,614	0.04%	29.41%	0

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, 18 and 19 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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

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

Notes to Editors

Founded in 1983, Record is an independent, specialist currency manager and has established a market 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

 

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RAGSSUFLLESSEEA