UK online broker CMC Markets Plc (LON:CMCX) today announces that it has issued 700,000 new ordinary shares of 25p each to satisfy vesting of awards under the Group’s Management Equity Plan 2015.
Application has been made for the 700,000 new ordinary shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities. It is expected that trading will commence on 15 July 2021.
These shares will rank pari passu with the existing issued ordinary shares of the Group.
At admission the issued ordinary share capital of the Group will consist of 291,417,473 shares. The total number of voting rights in the Group will therefore be 291,417,473. This figure may be used by shareholders as the denominator to determine if they are required to notify their interests in, or a change to their interest in, the Group under the Disclosure Guidance and Transparency Rules.
Let’s note that CMC Markets has recently scheduled its AGM for 29 July 2021 at 12.00 p.m. The AGM agenda includes a set of ordinary and special resolutions to be put to vote.
The ordinary resolutions are:
- 1.To receive the Company’s accounts and the reports of the Directors and auditors for the year ended 31 March 2021 (“Annual Report & Accounts”).
- 2. To declare a final dividend of 21.43 pence per ordinary share for the year ended 31 March 2021, payable on 9 September 2021 to holders of ordinary shares in the company named on the Register of Members as at the close of business on 6 August 2021.
- 3. To re-elect James Richards as a Director.
- 4. To re-elect Peter Cruddas as a Director.
- 5. To re-elect David Fineberg as a Director.
- 6. To re-elect Sarah Ing as a Director.
- 7. To re-elect Clare Salmon as a Director.
- 8. To re-elect Paul Wainscott as a Director.
- 9. To re-elect Euan Marshall as a Director.
- 10. To re-elect Matthew Lewis as a Director.
- 11. To re-appoint PricewaterhouseCoopers LLP as auditor of the Company to hold office until the conclusion of the next general meeting at which accounts are laid before the Company.
- 12.To authorise the Group Audit Committee to determine the remuneration of the auditor.
The special resolutions include proposals to approve the Directors’ Remuneration Policy for the year ended 31 March 2021 and to approve the Directors’ Remuneration Report for the year ended 31 March 2021.
The Board considers that all the resolutions to be put to the meeting are in the best interests of the company and its shareholders as a whole. The CMC Markets’ Board says it will be voting in favour of them and unanimously recommends that shareholders vote in favour of them.