Result of AGM

RNS Number : 9181V
CMC Markets Plc
26 July 2018
 

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 Bradshaw
Company Secretary
26 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 VOTES
FOR

% FOR

NUMBER OF VOTES
AGAINST

% AGAINST

TOTAL SHARES VOTED

% OF ISC VOTED

NUMBER OF VOTES
WITHHELD

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 VOTES
FOR

% FOR

NUMBER OF VOTES
AGAINST

% AGAINST

TOTAL SHARES VOTED

% OF ISC VOTED

NUMBER OF VOTES
WITHHELD

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).

 


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