TIDMREC
RNS Number : 8815T
Record PLC
23 July 2015
RECORD PLC
("Record" or "the Company")
Notification of shareholder resolutions at
2015 Annual General Meeting
in compliance with Listing Rule 9.6.18R
23 July 2015
Record plc held its Annual General Meeting at 10.00 a.m. on 23
July 2015 at Morgan House, Madeira Walk, Windsor SL4 1EP.
All of the eleven resolutions set out in the Notice of Annual
General Meeting sent to shareholders on 25 June 2015 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
2015. 150,949,016 99.99% 9,300 0.01% 68.19% 0
------------------------ ------------ ------- ------- ------- ------------ ----------
2. To declare
a final dividend
of 0.90 pence
per ordinary
share of GBP0.00025
in the capital
of
the Company. 150,958,316 100% 0 0.00% 68.19% 0
------------------------ ------------ ------- ------- ------- ------------ ----------
3. To re-elect
James Wood-Collins
as a director
of the Company. 150,947,834 99.99% 10,482 0.01% 68.19% 0
------------------------ ------------ ------- ------- ------- ------------ ----------
4. To re-elect
Andrew Sykes
as
an independent
director of
the Company. 150,944,834 99.99% 13,482 0.01% 68.19% 0
5. To re-elect
David Morrison
as
an independent
director of
the Company. 150,863,686 99.94% 94,630 0.06% 68.19% 0
6. To re-appoint
Grant Thornton
UK LLP as auditor
of the Company
and to authorise
the directors
to agree their
remuneration. 150,923,316 99.99% 9,000 0.01% 68.18% 26,000
------------------------ ------------ ------- ------- ------- ------------ ----------
7. To approve
the Directors'
Remuneration
Report (excluding
the Directors'
Remuneration
Policy) as set
out on pages
43 to 53 of
the Annual Report
& Financial
Statements of
the Company. 150,902,249 99.97% 51,197 0.03% 68.19% 4,870
------------------------ ------------ ------- ------- ------- ------------ ----------
8. To authorise
the Directors
to allot Ordinary
Shares on the
terms set out
in the notice
of annual general
meeting. 150,929,016 99.98% 29,300 0.02% 68.19% 0
------------------------ ------------ ------- ------- ------- ------------ ----------
9. To disapply
statutory pre-emption
rights on the
terms set out
in the notice
of annual general
meeting. 150,885,016 99.97% 47,300 0.03% 68.18% 26,000
------------------------ ------------ ------- ------- ------- ------------ ----------
10. To authorise
the Company
to purchase
own shares on
the terms set
out in the notice
of annual general
meeting. 150,943,016 99.99% 15,300 0.01% 68.19% 0
------------------------ ------------ ------- ------- ------- ------------ ----------
11. To permit
general meetings
of the Company
(other than
annual general
meetings) to
be called on
not less than
14 clear days'
notice. 150,929,016 99.98% 29,300 0.02% 68.19% 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
----------------- ----------- ------- ------- ------- ------------ ----------
4. To re-elect
Andrew Sykes
as
an independent
director of
the Company. 79,537,005 99.98% 13,482 0.02% 36.13% 0
----------------- ----------- ------- ------- ------- ------------ ----------
5. To re-elect
David Morrison
as
an independent
director of
the Company. 79,455,857 99.88% 94,630 0.12% 36.13% 0
----------------- ----------- ------- ------- ------- ------------ ----------
As the Company has a controlling shareholder (as defined in the
Financial Conduct Authority's Listing Rules), each resolution to
re-elect an independent director (being resolutions 4 and 5) 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 9, 10 and 11
were passed as special resolutions.
The number of ordinary shares in issue at the date of this
announcement is 221,380,800.
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 Dynamic
Hedging and Currency for Return for institutional clients.
The Group has three principal product lines:
- Dynamic Hedging, formerly known as Active 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; and
- Currency for Return, in which Record enters into currency
contracts for clients with the objective of generating positive
returns.
Record (LSE: REC) was admitted to trading on the main market of
London Stock Exchange plc on 3 December 2007.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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