Record PLC Result of AGM (2872M)

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: [phone]

James Wood-Collins

Steve Cullen

MHP Tel: [phone]

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

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