TIDMREC
RNS Number : 2872M
Record PLC
27 July 2017
RECORD PLC
("Record" or "the Company")
Notification of shareholder resolutions at
2017 Annual General Meeting
in compliance with Listing Rule 9.6.18R
27 July 2017
Record plc held its Annual General Meeting at 10.00 a.m. on 27
July 2017 at Morgan House, Madeira Walk, Windsor SL4 1EP.
All of the thirteen resolutions set out in the Notice of Annual
General Meeting ("AGM Notice") sent to shareholders on 27 June 2017
were passed. The following is a summary of the proxy votes that
were received by the Company's registrars:
Votes Votes Total Votes
For Against votes Withheld
(including cast
Discretionary) as a %
of Record
plc issued
ordinary
shares
-------------------------- --------------------- ------------------- ------------ ----------
Resolution Number % Number % Number
of of of of % of
votes votes votes votes votes
cast cast
-------------------------- ------------ ------- ---------- ------- ------------ ----------
1. To receive
and adopt the
Annual Report
& Financial
Statements of
the Company
for the year
ended 31 March
2017. 134,646,360 100% 300 0% 67.64% 0
-------------------------- ------------ ------- ---------- ------- ------------ ----------
2. To declare
a final dividend
of 1.175 pence
per ordinary
share of GBP0.00025
in the
capital of
the Company. 134,646,660 100% 0 0% 67.64% 0
-------------------------- ------------ ------- ---------- ------- ------------ ----------
3. To re-elect
Leslie Hill
as
a director
of the Company. 132,130,449 98.13% 2,516,211 1.87% 67.64% 0
4. To re-elect
James Wood-Collins
as a director
of the Company. 132,130,149 98.13% 2,516,511 1.87% 67.64% 0
5. To re-elect
David Morrison
as
a director
of the Company. 134,640,360 100% 6,300 0% 67.64% 0
6. To appoint
PricewaterhouseCoopers
LLP as auditor
of the Company
to hold office
from the conclusion
of the AGM until
the conclusion
of the next
meeting at which
the accounts
are laid before
the Company. 134,622,982 100% 300 0% 67.63% 23,378
-------------------------- ------------ ------- ---------- ------- ------------ ----------
7. To authorise
the directors
of the Company
to agree the
auditor's remuneration. 134,646,360 100% 300 0% 67.64% 0
-------------------------- ------------ ------- ---------- ------- ------------ ----------
8. To approve
the Directors'
Remuneration
Report (excluding
the Directors'
Remuneration
Policy) as set
out in the Annual
Report & Financial
Statements of
the Company. 134,637,360 100% 6,300 0% 67.64% 3,000
-------------------------- ------------ ------- ---------- ------- ------------ ----------
9. To approve
the Directors'
Remuneration
Policy contained
in the Directors'
Remuneration
Report as set
out in the Annual
Report and Financial
Statements. 134,524,498 99.91% 119,162 0.09% 67.64% 3,000
-------------------------- ------------ ------- ---------- ------- ------------ ----------
10. To authorise
the Directors
to allot Ordinary
Shares on the
terms set out
in the AGM Notice. 134,640,360 100% 6,300 0% 67.64% 0
-------------------------- ------------ ------- ---------- ------- ------------ ----------
11. To disapply
statutory pre-emption
rights on the
terms set out
in the AGM Notice. 134,524,584 99.91% 122,076 0.09% 67.64% 0
-------------------------- ------------ ------- ---------- ------- ------------ ----------
12. To authorise
the Company
to purchase
own shares on
the terms set
out in the AGM
Notice. 134,628,360 99.99% 18,300 0.01% 67.64% 0
-------------------------- ------------ ------- ---------- ------- ------------ ----------
13. To permit
general meetings
of the Company
(other than
annual general
meetings) to
be called on
not less than
14 clear days'
notice. 134,533,498 99.92% 113,162 0.08% 67.64% 0
-------------------------- ------------ ------- ---------- ------- ------------ ----------
VOTES OF SHAREHOLDERS EXCLUDING CONTROLLING SHAREHOLDERS
Votes Votes Total Votes
For Against votes Withheld
(including cast
Discretionary) as a %
of Record
plc issued
ordinary
shares
------------------ -------------------- ---------------- ------------ ----------
Resolution Number % Number % Number
of of of of % of
votes votes votes votes votes
cast cast
------------------ ----------- ------- ------- ------- ------------ ----------
5. To re-elect
David Morrison
as
a director
of the Company. 72,243,819 99.99% 6,300 0.01% 36.30% 0
------------------ ----------- ------- ------- ------- ------------ ----------
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 5) 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 11, 12 and 13
were passed as special resolutions.
Following completion of the recent Tender offer and the
resulting reduction in the Company's issued share capital, the
Directors have undertaken not to exceed the appropriate limits set
out in the guidelines issued by the Investment Association in
relation to Resolutions 10, 11 and 12 of the AGM Notice.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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