Result of AGM

202107271115RNS_____UKDISCLO_20210727_6566G REC True <![CDATA[Result of AGM]]> Tue, 27 Jul 2021 16:15:00 GMT Tue, 27 Jul 2021 16:14:35 GMT
RNS Number : 6566G
Record PLC
27 July 2021
 

RECORD PLC

("Record" or "the Company")

Notification of shareholder resolutions at

2021 Annual General Meeting

in compliance with Listing Rule 9.6.18R

 

27 July 2021

Record plc held its Annual General Meeting at 10.00 a.m. on 27 July 2021 at Morgan House, Madeira Walk, Windsor SL4 1EP.

All of the fifteen resolutions set out in the Notice of Annual General Meeting ("AGM Notice") issued to shareholders on 25 June 2021 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 2021.

110,724,283

100%

0

0%

110,724,283

55.63%

3,082

2.   To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) as set out in the Annual Report & Accounts of the Company.

101,625,410

91.79%

9,091,185

8.21%

110,716,595

55.62%

10,770

3.   To declare a final dividend of 1.15 pence per ordinary
share.

110,724,283

100%

0

0%

110,724,283

55.63%

3,082

4.   To re-elect Neil Record as a director of the Company.

109,506,942

98.92%

1,200,812

1.08%

110,707,754

55.62%

19,611

5.   To re-elect Leslie Hill as a director of the Company.

110,342,326

99.67%

365,428

0.33%

110,707,754

55.62%

19,611

6.   To re-elect Steve Cullen as a director of the Company.

110,337,557

99.67%

370,197

0.33%

110,707,754

55.62%

19,611

7.   To re-elect Rosemary Hilary as a director of the Company.

110,108,063

99.44%

615,173

0.56%

110,723,236

55.62%

4,129

8.   To re-elect Tim Edwards as a director of the Company.

110,092,581

99.44%

615,173

0.56%

110,707,754

55.62%

19,611

9.   To re-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.

110,723,236

 

100%

0

0%

110,723,236

55.62%

4,129

10. To authorise the directors of the Company to determine
the Auditor's remuneration.

110,724,283

100%

0

0%

110,724,283

55.63%

3,082

11. To authorise the Directors to allot Ordinary Shares on the terms set out in the AGM Notice.

110,666,034

99.95%

58,249

0.05%

110,724,283

55.63%

3,082

12. To disapply statutory pre-emption rights on the terms set out in the AGM Notice.

110,625,584

99.91%

98,699

0.09%

110,724,283

55.63%

3,082

13. To disapply statutory pre-emption rights in connection with an acquisition or other capital investment on the terms set out in the AGM Notice.

110,634,999

99.93%

81,113

0.07%

110,716,112

55.62%

11,253

14. To authorise the Company to purchase its own shares on the terms set out in the AGM Notice.

110,698,318

99.98%

25,965

0.02%

110,724,283

55.63%

3,082

15. To permit general meetings
of the Company (other than annual general meetings) to be called on not less than 14 clear days' notice.

110,676,649

99.96%

47,491

0.04%

110,724,140

55.63%

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

7.   To re-elect Rosemary Hilary as a director of the Company.

51,711,522

98.82%

615,173

1.18%

52,326,695

26.29%

4,129

8.   To re-elect Tim Edwards as a director of the Company.

57,764,839

98.95%

615,173

1.05%

58,380,012

29.33%

19,611

 

 

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 7 and 8) 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 11 were ordinary resolutions, requiring more than 50 per cent. of shareholders' votes to be cast in favour of the resolutions. Resolutions 12 to 15 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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