Softcat PLC Annual Financial Report and Notice of AGM (5082D)

TIDMSCT

RNS Number : 5082D

Softcat PLC

28 October 2020

28 October 2020

SOFTCAT plc

("Softcat", the "Company")

Annual Financial Report

and

Notice of Annual General Meeting

Following the release on 20 October 2020 of the Company's preliminary results for the year ended 31 July 2020, the Company announces that it has published its 2020 Annual Report and Accounts.

The Company also announces that its 2020 Annual General Meeting will be held at 11.30 a.m. on 10 December 2020 at Solar House, Fieldhouse Lane, Marlow, Buckinghamshire, SL7 1LW, United Kingdom. Due to the ongoing COVID-19 pandemic and current government advice on social distancing, this will be a closed meeting and shareholders will not be permitted to attend the AGM in person. The Company welcomes questions from shareholders on the business of the AGM, or any other matters relating to the Company, which should be submitted by email to [e-mail] by 11.30am on 9 December 2020 or by letter addressed to the Company Secretary at the Company's Registered Office.

A copy of the Annual Report and Accounts and Notice of AGM will shortly be available to view on the Company's website at https://www.softcat.com/investors/investor-centre/ . Hard copies will be mailed in the week commencing 2 November 2020 to those shareholders who have elected to continue to receive paper communications.

In accordance with Listing Rule 9.6.1, the below documents will be submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available to the public for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism :

2020 Annual Reports and Accounts

Notice of 2020 Annual General Meeting

A condensed set of the Company's financial statements and information on important events that have occurred during the financial year and their impact on the financial statements, were included in the preliminary results announcement released on 20 October 2020. That information, together with the information set out below, which is extracted from the 2020 Annual Report and Accounts, is provided in accordance with the Disclosure and Transparency Rule 6.3.5 which is required to be communicated to the media in full unedited text through a Regulatory Information Service. This information should be read in conjunction with the Company's preliminary results announcement. This announcement is not a substitute for reading the full 2020 Annual Report and Accounts. Any page or note references in the text below refer to page numbers and note numbers in the 2020 Annual Report and Accounts.

Related party relationships and transactions

Transactions with key management personnel

The remuneration of key management personnel, which consists of persons who have been deemed to be discharging managerial responsibilities, is set out below in aggregate for each of the categories specified in IAS 24 Related Party Disclosures.

 
                                    2020      2019 
                                 GBP'000   GBP'000 
------------------------------  --------  -------- 
 Short-term employee benefits      2,489     2,312 
 Post-employment benefits             12        27 
------------------------------  --------  -------- 
                                   2,501     2,339 
------------------------------  --------  -------- 
 

Key management personnel received a total of 108,750 share awards (2019: 165,762) at a weighted average exercise price of GBPNil (2019: GBPNil).

The amounts disclosed in the table are the amounts recognised as an expense during the reporting period related to key management personnel.

Share-based payment charges include GBP960,117 (2019: GBP878,608) in respect of key management personnel.

Dividends to Directors

 
                     2020      2019 
                  GBP'000   GBP'000 
---------------  --------  -------- 
 M Hellawell        1,382     2,623 
 G Watt                 -         - 
 G Charlton            16         3 
 R Perriss              -         - 
 V Murria              78        84 
 L Ginsberg(1)          -         6 
 K Slatford             -         - 
 P Ventress(2)          8        13 
---------------  --------  -------- 
                    1,484     2,729 
---------------  --------  -------- 
 

Note:

1. Lee Ginsberg resigned from the Board on 30 June 2019. Amounts shown above relate to the time until resignation.

2. Peter Ventress resigned from the Board on 31 December 2019. Amounts shown above relate to the time until resignation.

For further information, please contact:

Softcat

   Luke Thomas                                                                Tel: [phone] 

Company Secretary

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October 28, 2020 09:06 ET (13:06 GMT)