CMC Markets shareholders approve all resolutions at AGM

UK online broker CMC Markets Plc (LON:CMCX) has announced the results of its 2021 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 2021 were passed by way of a poll.

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.

Let’s note that, earlier today, CMC Markets issued a trading update for the period from 1 April 2021 to 30 June 2021 (Q1 2022).

In Q1 2022, CMC has continued to perform well. Overall monthly active client numbers remained at similar levels as reported in 2021, which were up around a third from pre-pandemic levels.

In addition, client income retention remained in excess of 80%, but below the levels reported for FY 2021, as previously guided.

The Group continues to have confidence in the robust underlying performance of the business and in conjunction with further progress on its strategic initiatives, including the ongoing development of the non-leveraged investment platform, looks forward to continuing to generate long-term business growth and value.

As a result, CMC Markets says its Board remains confident in achieving net operating income in excess of £330 million for FY 2022.

One Reply to “CMC Markets shareholders approve all resolutions at AGM”

Leave a Reply

Your email address will not be published. Required fields are marked *