Last checked at 25 Jul 2013 13:59
RECORD PLC
("Record" or "the Company")
Notification of shareholder resolutions at
2013 Annual General Meeting
in compliance with Listing Rule 9.6.18R
25 July 2013
Record plc held its Annual General Meeting at 10.00am on 25 July 2013 at Morgan House, Madeira Walk, Windsor SL4 1EP.
All of the fourteen resolutions set out in the Notice of Annual General Meeting sent to shareholders on 20 June 2013 were approved. The following is a summary of the proxy votes that were received by the Company's registrars:
For | Discretionary | Against | Withheld | |||||
Resolution Number | No. ofVotes | No. of Cards | No. of Votes | No. of Cards | No. of Votes | No. of Cards | No. of Votes | No. of Cards |
1 | 115,711,382 | 44 | 100 | 1 | 0 | 0 | 0 | 0 |
2 | 115,388,475 | 43 | 100 | 1 | 322,907 | 3 | 0 | 0 |
3 | 115,709,900 | 43 | 100 | 1 | 1,482 | 1 | 0 | 0 |
4 | 115,709,900 | 43 | 100 | 1 | 1,482 | 1 | 0 | 0 |
5 | 115,709,900 | 43 | 100 | 1 | 1,482 | 1 | 0 | 0 |
6 | 113,300,159 | 41 | 1,900,100 | 2 | 4,482 | 2 | 0 | 0 |
7 | 115,709,900 | 43 | 100 | 1 | 1,482 | 1 | 0 | 0 |
8 | 115,687,900 | 40 | 0 | 0 | 23,582 | 5 | 0 | 0 |
9 | 115,689,382 | 41 | 0 | 0 | 20,100 | 3 | 2,000 | 1 |
10 | 115,706,382 | 42 | 0 | 0 | 5,100 | 3 | 0 | 0 |
11 | 115,661,382 | 39 | 0 | 0 | 37,100 | 5 | 13,000 | 1 |
12 | 115,683,382 | 42 | 0 | 0 | 28,100 | 3 | 0 | 0 |
13 | 33,247,856 | 36 | 100 | 1 | 0 | 0 | 82,463,526 | 9 |
14 | 115,691,382 | 42 | 100 | 1 | 20,000 | 2 | 0 | 0 |
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.
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
John Olsen
Vicky Watkins
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, formerly known as Absolute 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 London Stock Exchange on 3 December 2007.