REG - Record PLC - Result of AGM

RecordAnnouncement

29/07/2022 16:15

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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                            Votes                        Total votes                                                    Votes Withheld

For
Against
cast

(including Discretionary)
 Resolution                                                                       Number          % of votes cast  Number of   % of votes cast  Total number of votes  % of Record plc issued ordinary shares  Number

of
votes
of

votes
votes
 1.   To receive and adopt the Annual Report & Accounts of the Company for        118,732,566     100.00%          0           0.00%            118,732,566            59.65%                                  3,225
 the year ended 31 March 2022.

 2.   To approve the Directors' Remuneration Report (excluding the Directors'     101,461,225     89.91%           11,389,408  10.09%           112,850,633            56.69%                                  5,885,158
 Remuneration Policy) as set out in the Annual Report & Accounts of the

 Company.
 3.   To approve the Directors' Remuneration Policy, set out in the               108,405,754     96.09%           4,405,865   3.91%            112,811,619            56.67%                                  5,924,172
 Directors' Remuration Report as set out in the Annual Report & Accounts of

 the Company.
 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                      118,732,566     100.00%          0           0.00%            118,732,566            59.65%                                  3,225

share.

 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            118,732,566     100.00%          0           0.00%            118,732,566            59.65%                                  3,225
 office until the conclusion of the next meeting of the Company at which the

 accounts are laid.
 13. To authorise the directors of the Company to determine                       118,732,566     100.00%          0           0.00%            118,732,566            59.65%                                  3,225

the Auditor's remuneration.

 14. To authorise the Directors to allot Ordinary Shares on the terms set out     118,730,453     99.99%           2,113       0.01%            118,732,566            59.65%                                  3,225
 in the AGM Notice.

 15. To disapply statutory pre-emption rights on the terms set out in the AGM     118,650,869     99.94%           74,697      0.06%            118,725,566            59.64%                                  10,225
 Notice.

 16. To disapply statutory pre-emption rights in connection with an acquisition   117,807,869     99.22%           924,697     0.78%            118,732,566            59.65%                                  3,225
 or other capital investment on the terms set out in the AGM Notice.

 17. To authorise the Company to purchase its own shares on the terms set out     118,704,601     99.98%           27,965      0.02%            118,732,566            59.65%                                  3,225
 in the AGM Notice.

 18. To permit general meetings                                                   118,675,168     99.95%           57,398      0.05%            118,732,566            59.65%                                  3,225

of the Company (other than annual general meetings) to be called on not less

 than 14 clear days' notice.

 

VOTES OF SHAREHOLDERS EXCLUDING CONTROLLING SHAREHOLDERS

 

                                                            Votes                            Votes                       Total votes                                                    Votes Withheld

For
Against
cast

(including Discretionary)
 Resolution                                                 Number          % of votes cast  Number of  % of votes cast  Total number of votes  % of Record plc issued ordinary shares  Number

of
votes
of

votes
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
(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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