TIDMREC
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 Votes Total votes Votes
For Against cast as Withheld
(including a % of Record
Discretionary) plc issued
ordinary
shares
Resolution Number % of Number % of Number
of votes of votes % of
votes cast votes cast 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 GBP0.00025
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 Votes Total votes Votes
For Against cast as Withheld
(including a % of Record
Discretionary) plc issued
ordinary
shares
Resolution Number % of Number % of Number
of votes of votes % of
votes cast votes cast 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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END
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