Result of AGM

202207291108RNS_____UKDISCLO_20220729_3219U REC True <![CDATA[Result of AGM]]> Fri, 29 Jul 2022 16:08:00 GMT Fri, 29 Jul 2022 16:06:11 GMT
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: +44 (0) 1753 852 222

Leslie Hill, Chief Executive Officer

Steve Cullen, Chief Finance Officer

 

Buchanan                                                                                                                   Tel: +44 (0) 20 7466 5000

Giles Stewart                                                                                                       record@buchanan.uk.com

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.

 

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