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RNS Number : 0549R

LMS Capital PLC

25 June 2020

Thursday 25 June 2020

LMS CAPITAL PLC

Results of 2020 Annual General Meeting

LMS Capital plc held its 2020 Annual General Meeting yesterday afternoon.

Due to the Coronavirus pandemic and in accordance with the UK Government and Public Health England guidance on public gatherings due to the Coronavirus outbreak, the Board concluded that given the possible health risks arising from the attendance of an AGM, it was not appropriate for shareholders to attend in person this year and, instead all votes were asked to be submitted electronically via Proxy and Third Parties. Prior to the AGM being convened, Shareholders were given the opportunity to submit pre-registered questions.

The Board recognise the importance of establishing a dialogue with Shareholders, and wishes to emphasise that questions or discussion are always welcome. The Board intends to hold an Investor forum later in the year.

All resolutions proposed at the AGM were passed, on a show of hands at the meeting. The results of the proxy and third party votes received in advance of the meeting are reported below.

 
              Resolution                        For*              Against        Withheld 
                                           Votes        %       Votes      %       Votes 
      1. Receive the 2019 Annual 
       Report and Accounts               33,267,380   96.43   1,232,152   3.57     9,431 
      2. Approve the Remuneration 
       Report                            34,481,761   99.97     9,654     0.03    17,548 
      3. Approve a new Directors' 
       Remuneration Policy               34,437,261   99.83    60,026     0.17    11,676 
      4. Approve the rules of 
       the LMS Capital Value Creation 
       Plan                              32,868,149   96.22   1,291,526   3.78    349,288 
      5. Re-elect Robbie Rayne 
       as a director                     33,211,941   96.29   1,279,907   3.71    17,115 
      6. Elect Nick Friedlos as 
       a director                        34,452,754   99.86    46,668     0.14     9,541 
      7. Elect Peter Harvey as 
       a director                        34,459,422   99.88    40,000     0.12     9,541 
      8. Elect Graham Stedman 
       as a director                     34,447,498   99.87    45,256     0.13    16,209 
      9. Elect James Wilson as 
       a director                        34,459,422   99.88    40,000     0.12     9,541 
      10. Re-appoint BDO LLP as 
       auditors                          33,263,750   99.96    13,061     0.04   1,232,152 
      11. Authorise the directors 
       to determine the auditor's 
       remuneration                      34,497,039   99.98     5,256     0.02     6,668 
      12. Authorise the directors 
       to allow shares                   34,474,897   99.94    21,966     0.06    12,100 
      13. Authorise the directors 
       to disapply pre-emption 
       rights (special resolution)       34,087,253   98.82    408,704    1.18    13,006 
      14. Authorise the Company 
       to buy back its own shares 
       (special resolution)              33,249,169   96.38   1,247,127   0.03    12,667 
      15. Authorise the calling 
       of general meetings on 14 
       days' clear notice (special 
       resolution)                       34,463,072   99.87    43,222     0.13     2,669 
 

* The 'For' votes include those votes giving the Chairman discretion.

All resolutions put to the meeting were carried.

The Company's issued share capital is 80,727,450 ordinary shares of 10p each.

A vote withheld is not a vote in law and is not counted in the calculation of votes validly cast for or against a resolution.

Copies of the resolutions passed as special resolutions at the AGM will shortly be available for inspection at the National Storage Mechanism, which is located at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information please contact:

LMS Capital PLC

Nick Friedlos, Managing Director 020 7935 3555 or 0207 938 2440

Shore Capital

Robert Finlay 0207 405 4850

   Lisa O'Sullivan, IQ-EQ Corporate Services (UK) Ltd                           +353 86 130 4475 

Company Secretary

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END

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June 25, 2020 02:13 ET (06:13 GMT)