Last checked at 26 Jul 2018 14:40
CMC MARKETS PLC
LEI: 213800VB75KAZBFH5U07
ISIN: GB00B14SKR37
RESULTS OF 2018 ANNUAL GENERAL MEETING
CMC Markets plc (LSE: CMCX, "the Company"), a leading global provider of online retail trading, announces that at the Company's 2018 Annual General Meeting ("AGM") held earlier today at the Company's offices at 133 Houndsditch, London, EC3A 7BX, all the resolutions set out in the Notice of Annual General Meeting 2018 were passed by way of a poll.
Following a detailed round of shareholder consultation and engagement, we note that shareholders approved the Directors' Remuneration Policy. However, we also recognise that a significant minority of shareholders voted against it. The Board believes that this new policy is fundamental in supporting the delivery of our strategy and was devised following a detailed consultation process, with key shareholders and proxy advisers. The Remuneration Committee notes the concerns raised by shareholders, and will reflect on feedback received. The Company will continue its policy of proactive engagement with its shareholders on aspects of remuneration going forward.
In accordance with Listing Rule 9.6.2R, copies of all the resolutions passed other than resolutions concerning ordinary business will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.hemscott.com/nsm.do.
A summary of the poll results in respect of each resolution is set out below.
On behalf of the Board:
Jonathan BradshawCompany Secretary26 July 2018
Enquiries
CMC Markets plc +44 (0) 20 7170 8200
Jonathan Bradshaw, Company Secretary
Grant Foley, Chief Operating & Financial Officer
ANNUAL GENERAL MEETING - 26 JULY 2018
VOTING RESULTS
Resolution | NUMBER OF VOTESFOR | % FOR | NUMBER OF VOTESAGAINST | % AGAINST | TOTAL SHARES VOTED | % OF ISC VOTED | NUMBER OF VOTESWITHHELD | |
1 | Receive accounts for year ended 31-Mar-18 | 258,612,061 | 100.00% | 6,670 | 0.00% | 258,618,731 | 89.48% | 48,877 |
2 | Final dividend of 5.95p per ordinary share | 258,667,609 | 100.00% | 0 | 0.00% | 258,667,609 | 89.50% | 0 |
3 | To elect Paul Wainscott as a Director | 258,544,933 | 99.95% | 119,467 | 0.05% | 258,664,400 | 89.50% | 3,209 |
4 | To elect Sarah Ing as a Director | 258,546,933 | 99.95% | 118,697 | 0.05% | 258,665,630 | 89.50% | 1,979 |
5 | To elect Clare Salmon as a Director | 258,546,060 | 99.95% | 119,570 | 0.05% | 258,665,630 | 89.50% | 1,979 |
6 | To re-elect James Richards as a Director | 231,411,379 | 96.96% | 7,262,315 | 3.04% | 238,673,694 | 82.58% | 19,993,914 |
7 | To re-elect Peter Cruddas as a Director | 258,530,692 | 99.95% | 135,395 | 0.05% | 258,666,087 | 89.50% | 1,522 |
8 | To re-elect David Fineberg as a Director | 258,276,131 | 99.85% | 389,956 | 0.15% | 258,666,087 | 89.50% | 1,522 |
9 | To re-elect Grant Foley as a Director | 258,265,050 | 99.84% | 401,037 | 0.16% | 258,666,087 | 89.50% | 1,522 |
10 | Re-appointment of PwC as auditor | 258,657,793 | 100.00% | 1,330 | 0.00% | 258,659,123 | 89.50% | 8,486 |
11 | Authority to set Remuneration of auditor | 258,651,009 | 99.99% | 15,928 | 0.01% | 258,666,937 | 89.50% | 672 |
12 | To approve Directors' Remuneration Policy | 201,826,156 | 78.03% | 56,839,473 | 21.97% | 258,665,629 | 89.50% | 1,979 |
13 | To approve Directors' Remuneration Report | 218,457,117 | 84.46% | 40,208,512 | 15.54% | 258,665,629 | 89.50% | 1,979 |
14 | To approve Combined Incentive Plan | 215,970,122 | 83.49% | 42,695,292 | 16.51% | 258,665,414 | 89.50% | 2,194 |
15 | Authority for Directors to allot shares | 258,529,626 | 99.95% | 133,246 | 0.05% | 258,662,872 | 89.50% | 4,737 |
16 | Dis-application of pre-emption rights | 258,659,542 | 100.00% | 3,330 | 0.00% | 258,662,872 | 89.50% | 4,737 |
17 | Authority to allot equity securities in certain circumstances for specific transactions | 258,555,757 | 99.96% | 110,115 | 0.04% | 258,665,872 | 89.50% | 1,737 |
18 | Authority for the Company to purchase own ordinary shares | 258,643,681 | 100.00% | 8,658 | 0.00% | 258,652,339 | 89.50% | 15,270 |
19 | Authority to call a general meeting other than an AGM on not less than 14 days notice | 256,861,287 | 99.30% | 1,806,322 | 0.70% | 258,667,609 | 89.50% | 0 |
The Company also announces, in respect of resolutions 3 to 6, the result of the 'independent shareholders' vote on the election of independent Non-Executive Directors as follows:
Resolution | NUMBER OF VOTESFOR | % FOR | NUMBER OF VOTESAGAINST | % AGAINST | TOTAL SHARES VOTED | % OF ISC VOTED | NUMBER OF VOTESWITHHELD | |
3 | To elect Paul Wainscott as a Director | 84,395,195 | 99.86% | 119,467 | 0.14% | 84,514,662 | 29.24% | 3,209 |
4 | To elect Sarah Ing as a Director | 84,397,195 | 99.86% | 118,697 | 0.14% | 84,515,892 | 29.24% | 1,979 |
5 | To elect Clare Salmon as a Director | 84,396,322 | 99.86% | 119,570 | 0.14% | 84,515,892 | 29.24% | 1,979 |
6 | To re-elect James Richards as a Director | 57,261,641 | 88.74% | 7,262,315 | 11.26% | 64,523,956 | 22.33% | 19,993,914 |
Notes:
1. Percentage of voting shares is the percentage of shares voted and excludes shares on which votes were withheld.
2. Total number of ordinary shares in issue as at the date of the AGM = 289,008,354.
3. Following the declaration of the final dividend by shareholders at today's AGM, a dividend of 5.95 pence per Ordinary Share of 25 pence in the Company for the financial year ended 31 March 2018 shall be paid on 24 August 2018 to those shareholders registered at the close of business on 3 August 2018 (the record date).