REG - CMC Markets Plc - Result of AGM

CMC MarketsAnnouncement

26/07/2018 14:45

RNS Number : 9181V
CMC Markets Plc
26 July 2018
 


CMC MARKETS PLC
LEI: 213800VB75KAZBFH5U07
ISIN: GB00B14SKR37 
 
 
RESULTS OF 2018 ANNUAL GENERAL MEETING
 
CMC Markets plc (LSE: CMCX, "the Company"), a leading global provider of online retail trading, announces that at the Company's 2018 Annual General Meeting ("AGM") held earlier today at the Company's offices at 133 Houndsditch, London, EC3A 7BX, all the resolutions set out in the Notice of Annual General Meeting 2018 were passed by way of a poll.
Following a detailed round of shareholder consultation and engagement, we note that shareholders approved the Directors' Remuneration Policy.  However, we also recognise that a significant minority of shareholders voted against it. The Board believes that this new policy is fundamental in supporting the delivery of our strategy and was devised following a detailed consultation process, with key shareholders and proxy advisers. The Remuneration Committee notes the concerns raised by shareholders, and will reflect on feedback received. The Company will continue its policy of proactive engagement with its shareholders on aspects of remuneration going forward.
In accordance with Listing Rule 9.6.2R, copies of all the resolutions passed other than resolutions concerning ordinary business will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.hemscott.com/nsm.do.
A summary of the poll results in respect of each resolution is set out below.
 
 
 
On behalf of the Board:
Jonathan Bradshaw

Company Secretary

26 July 2018



 
Enquiries
CMC Markets plc                                 +44 (0) 20 7170 8200
Jonathan Bradshaw, Company Secretary
Grant Foley, Chief Operating & Financial Officer
 
 




ANNUAL GENERAL MEETING - 26 JULY 2018
VOTING RESULTS
 



 Resolution 


NUMBER OF VOTES

FOR


% FOR


NUMBER OF VOTES

AGAINST


% AGAINST


TOTAL SHARES VOTED


% OF ISC VOTED


NUMBER OF VOTES

WITHHELD




1


Receive accounts for year ended 31-Mar-18


258,612,061


100.00%


6,670


0.00%


258,618,731


89.48%


48,877




2


Final dividend of 5.95p per ordinary share


258,667,609


100.00%


0


0.00%


258,667,609


89.50%


0




3


To elect Paul Wainscott as a Director


258,544,933


99.95%


119,467


0.05%


258,664,400


89.50%


3,209




4


To elect Sarah Ing as a Director


258,546,933


99.95%


118,697


0.05%


258,665,630


89.50%


1,979




5


To elect Clare Salmon as a Director


258,546,060


99.95%


119,570


0.05%


258,665,630


89.50%


1,979




6


To re-elect James Richards as a Director


231,411,379


96.96%


7,262,315


3.04%


238,673,694


82.58%


19,993,914




7


To re-elect Peter Cruddas as a Director


258,530,692


99.95%


135,395


0.05%


258,666,087


89.50%


1,522




8


To re-elect David Fineberg as a Director


258,276,131


99.85%


389,956


0.15%


258,666,087


89.50%


1,522




9


To re-elect Grant Foley as a Director


258,265,050


99.84%


401,037


0.16%


258,666,087


89.50%


1,522




10


Re-appointment of PwC as auditor


258,657,793


100.00%


1,330


0.00%


258,659,123


89.50%


8,486




11


Authority to set Remuneration of auditor


258,651,009


99.99%


15,928


0.01%


258,666,937


89.50%


672




12


To approve Directors' Remuneration Policy


201,826,156


78.03%


56,839,473


21.97%


258,665,629


89.50%


1,979




13


To approve Directors' Remuneration Report


218,457,117


84.46%


40,208,512


15.54%


258,665,629


89.50%


1,979




14


To approve Combined Incentive Plan


215,970,122


83.49%


42,695,292


16.51%


258,665,414


89.50%


2,194




15


Authority for Directors to allot shares


258,529,626


99.95%


133,246


0.05%


258,662,872


89.50%


4,737




16


Dis-application of pre-emption rights


258,659,542


100.00%


3,330


0.00%


258,662,872


89.50%


4,737




17


Authority to allot equity securities in certain circumstances for specific transactions


258,555,757


99.96%


110,115


0.04%


258,665,872


89.50%


1,737




18


Authority for the Company to purchase own ordinary shares


258,643,681


100.00%


8,658


0.00%


258,652,339


89.50%


15,270




19


Authority to call a general meeting other than an AGM on not less than 14 days notice


256,861,287


99.30%


1,806,322


0.70%


258,667,609


89.50%


0







 
 
The Company also announces, in respect of resolutions 3 to 6, the result of the 'independent shareholders' vote on the election of independent Non-Executive Directors as follows:
 



 Resolution 


NUMBER OF VOTES

FOR


% FOR


NUMBER OF VOTES

AGAINST


% AGAINST


TOTAL SHARES VOTED


% OF ISC VOTED


NUMBER OF VOTES

WITHHELD




3


To elect Paul Wainscott as a Director


84,395,195


99.86%


119,467


0.14%


84,514,662


29.24%


3,209




4


To elect Sarah Ing as a Director


84,397,195


99.86%


118,697


0.14%


84,515,892


29.24%


1,979




5


To elect Clare Salmon as a Director


84,396,322


99.86%


119,570


0.14%


84,515,892


29.24%


1,979




6


To re-elect James Richards as a Director


57,261,641


88.74%


7,262,315


11.26%


64,523,956


22.33%


19,993,914



 
 
 
 
Notes: 
1. Percentage of voting shares is the percentage of shares voted and excludes shares on which votes were withheld.
2. Total number of ordinary shares in issue as at the date of the AGM = 289,008,354.
3. Following the declaration of the final dividend by shareholders at today's AGM, a dividend of 5.95 pence per Ordinary Share of 25 pence in the Company for the financial year ended 31 March 2018 shall be paid on 24 August 2018 to those shareholders registered at the close of business on 3 August 2018 (the record date).
 




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