RNS Number : 7253G
Record PLC
25 July 2019
 

RECORD PLC

("Record" or "the Company")

Notification of shareholder resolutions at

2019 Annual General Meeting

in compliance with Listing Rule 9.6.18R

 

25 July 2019

 

Record plc held its Annual General Meeting at 10.00 a.m. on 25 July 2019 at Morgan House, Madeira Walk, Windsor SL4 1EP.

 

All of the eighteen resolutions set out in the Notice of Annual General Meeting ("AGM Notice") sent to shareholders on 24 June 2019 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 2019.

131,185,389

99.99%

8,192

0.01%

65.91%

10,000

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

127,826,567

97.46%

3,335,014

2.54%

65.89%

42,000

3.   To declare a final dividend of 1.15 pence per ordinary
share of £0.00025 in the
capital of the Company.

131,193,526

100.00%

55

0.00%

65.91%

10,000

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

131,192,164

100.00%

1,417

0.00%

65.91%

10,000

5.   To re-elect James Wood-Collins as a director of the Company.

128,309,402

97.80%

2,884,179

2.20%

65.91%

10,000

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

128,315,402

97.81%

2,878,179

2.19%

65.91%

10,000

7.   To re-elect Bob Noyen as a director of the Company.

128,314,340

97.81%

2,879,241

2.19%

65.91%

10,000

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

128,314,640

97.81%

2,878,941

2.19%

65.91%

10,000

9.   To re-elect Jane Tufnell as a director of the Company.

131,058,970

99.90%

134,611

0.10%

65.91%

10,000

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

130,872,875

99.76%

320,706

0.24%

65.91%

10,000

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

129,490,750

99.30%

917,907

0.70%

65.51%

794,924

12.           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.

130,829,523

99.74%

335,006

0.26%

65.89%

39,052

13. To authorise the directors of the Company  to determine
the auditor's  remuneration.

127,835,332

97.46%

3,334,197

2.54%

65.90%

34,052

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

131,149,572

99.99%

11,335

0.01%

65.89%

42,674

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

131,129,007

99.99%

16,900

0.01%

65.88%

57,674

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

131,129,007

99.99%

16,900

0.01%

65.88%

57,674

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

131,156,650

99.97%

36,257

0.03%

65.91%

10,674

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

131,178,138

99.99%

15,300

0.01%

65.91%

10,143

 

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

9.   To re-elect Jane Tufnell as
a director of the Company.

68,662,429

99.80%

134,611

0.20%

34.56%

10,000

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

68,476,334

99.53%

320,706

0.47%

34.56%

10,000

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

67,094,209

98.65%

917,907

1.35%

34.17%

794,924

 

 

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 9, 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.

 

All of the above resolutions were passed on a show of hands.  Each was passed unanimously in favour. Resolutions 15, 16, 17 and 18 were passed as special resolutions.

 

The number of ordinary shares in issue at the date of this announcement is 199,054,325.

 

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 http://www.morningstar.co.uk/uk/nsm.

For further information, please contact:

 

Record plc                                                                                          Tel: +44 (0) 1753 852 222

James Wood-Collins, Chief Executive Officer

Steve Cullen, Chief Finance Officer

 

MHP                                                                                                    Tel: +44 (0) 20 3128 8100

Andrew Fleming                                                                                            record@mhpc.com

Ollie Hoare

Robert Collett-Creedy

 

 

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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