TIDMREC
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 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 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 GBP0.00025
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 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
----------- ------- -------- ------- --------------- ----------
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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END
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