REG - Record PLC - Result of AGM

RecordAnnouncement

26/07/2018 12:40

RNS Number : 9046V
Record PLC
26 July 2018
 


RECORD PLC
("Record" or "the Company")
Notification of shareholder resolutions at
2018 Annual General Meeting
in compliance with Listing Rule 9.6.18R
 
26 July 2018
 
Record plc held its Annual General Meeting at 10.00 a.m. on 26 July 2018 at Morgan House, Madeira Walk, Windsor SL4 1EP.
 
All of the sixteen resolutions set out in the Notice of Annual General Meeting ("AGM Notice") sent to shareholders on 26 June 2018 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 2018.


135,776,426


100%


300


0.00%


68.21%


0




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


135,768,697


99.99%


8,029


0.01%


68.21%


0




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

share of £0.00025 in the

capital of the Company.


135,776,726


100%


0


0.00%


68.21%


0




4.   To re-elect Neil Record as

a director of the Company.


135,776,371


100%


355


0.00%


68.21%


0




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


135,772,371


100%


4,355


0.00%


68.21%


0




6.   To re-elect Bob Noyen as

a director of the Company.


135,772,371


100%


4,355


0.00%


68.21%


0




7.   To elect Tim Edwards as

a director of the Company.


135,102,099


99.99%


7,355


0.01%


67.88%


667,272




8.   To re-appoint PricewaterhouseCoopers 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.


135,737,877


99.99%


15,471


0.01%


68.20%


23,378




9.   To authorise

the directors of the Company

to determine the auditor's  remuneration.


135,768,697


99.99%


7,355


0.01%


68.21%


674




10. To amend the Record Plc Share Scheme rules as set out in the Notice of AGM.


135,753,697


99.99%


7,355


0.01%


68.20%


15,674




11. To allow executive directors to participate in the Record Plc Group Profit Share Scheme.


135,768,697


99.99%


7,355


0.01%


68.21%


674




12. To allow new shares to be issued pursuant to awards made under the Record Plc Group Profit Share Scheme.


135,768,997


99.99%


7,355


0.01%


68.21%


674




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


135,728,821


99.97%


47,231


0.03%


68.21%


674




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


135,708,821


99.95%


67,231


0.05%


68.21%


674




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


135,705,262


99.95%


70,790


0.05%


68.21%


674




16. To permit general meetings

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


135,764,371


99.99%


12,355


0.01%


68.21%


0



 
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




7.   To elect Tim Edwards as

a director of the Company.


72,686,062


99.99%


7,355


0.01%


36.53%


667,272



 
 
As the Company has a controlling shareholder (as defined in the Financial Conduct Authority's Listing Rules), the resolution to elect an independent director (being resolution 7) has, 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 14, 15 and 16 were passed as special resolutions.
 
The number of ordinary shares in issue at the date of this announcement is 199,054,325.
For further information, please contact:
 
Record plc                                                                                          Tel: +44 (0) 1753 852 222
James Wood-Collins
Steve Cullen
 
MHP                                                                                                    Tel: +44 (0) 20 3128 8100
Nick Denton




Notes to Editors
 
Record is a specialist currency manager and provider of currency hedging services for institutional clients. Founded in 1983, Record has established a market leading position as a currency manager. Specifically, the Group has a 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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