15 May 2025
This announcement supersedes RNS 6983I dated 14 May 2025 and includes a revision to the vote counts for Resolutions 10 and 11, which have been updated to reflect the correct number of votes. All other information remains unchanged.
LMS CAPITAL PLC
Results of 2025 Annual General Meeting
and General Meeting
LMS Capital plc announces that at its Annual General Meeting ("AGM") and General Meeting ("GM") held earlier today, all resolutions proposed were duly passed by the requisite majority and details of the results of the polls are set out below:
AGM
|
| Resolutions | For & At discretion | Against |
|
|
| ||
| | Votes | % | Votes | % | Withheld Votes | Total Votes | % of ISC voted | |
| 1 | Receive the 2024 Annual Report and Accounts | 36,165,246 | 97.08 | 1,089,706 | 2.92 | 110 | 37,254,952 | 46.15 |
| 2 | Approve the Remuneration Report | 36,096,848 | 97.01 | 1,111,003 | 2.99 | 47,211 | 37,207,851 | 46.09 |
| 3 | Re-elect Nick Friedlos as a director | 34,114,266 | 91.58 | 3,135,713 | 8.42 | 5,083 | 37,249,979 | 46.14 |
| 4 | Re-elect Peter Harvey as a director | 35,507,373 | 95.44 | 1,695,505 | 4.56 | 52,184 | 37.202.878 | 46.08 |
| 5 | Re-elect Robert Rayne as a director | 34,105,221 | 91.56 | 3,141,912 | 8.44 | 7,929 | 3,247,133 | 46.14 |
| 6 | Re-elect Graham Stedman as a director | 35,554,474 | 95.45 | 1,695,505 | 4.55 | 5,083 | 37,249,979 | 46.14 |
| 7 | Re-elect James Wilson as a director | 35,507,373 | 95.44 | 1,695.505 | 4.56 | 52.184 | 37,202,878 | 46.08 |
| 8 | Reappoint BDO LLP as auditor | 36,161,501 | 97.06 | 1,093,561 | 2.94 | 0 | 37,255,062 | 46.15
|
| 9 | Authorise the directors to determine the auditor's remuneration | 36,165,356 | 97.08 | 1,089,706 | 2.92 | 0 | 37,255,062 | 46.15 |
| 10 | Authorise the directors to allot shares | 33,147,301 | 88.97 | 4,107,761 | 11.03 | 0 | 37,255,062 | 46.15 |
| 11 | . Authorise the directors to disapply pre-emption rights | 33,302,461 | 89.39 | 3,952,601 | 10.61 | 0 | 37,255,062 | 46.15 |
| 12 | Authorise the Company to buy back its own shares. | 36,022,229 | 96.69 | 1,232,833 | 3.31 | 0 | 37,255,062 | 46.15 |
| 13 | Authorise the calling of general meetings on 14 clear days' notice. | 36,778,536 | 99.99 | 3,025 | 0.01 | 473,501 | 36,781,561 | 45.56 |
GM
|
| Resolutions | For & At discretion | Against |
|
|
| ||
| | Votes | % | Votes | % | Withheld Votes | Total Votes | % of ISC voted | |
| 1 | Approve and adopt the amended investment policy | 40,379,647 | 100 | 0 | 0 | 600 | 40,379,647 | 50.02 |
| 2 | Reduce the Company's share capital | 40,379,647 | 100 | 0 | 0 | 600 | 40,379,647 | 50.02 |
| 3 | Amend the articles of association | 40,380,247 | 100 | 0 | 0 | 0 | 40,380,247 | 50.02 |
| 4 | Authorise the directors to capitalise reserves to implement the B Share Scheme | 40,380,247 | 100 | 0 | 0 | 0 | 40,380,247 | 50.02 |
| 5 | Authorise the directors to allot B Shares | 40,380,247 | 100 | 0 | 0 | 0 | 40,380,247 | 50.02 |
Notes:
The votes "For" and "Against" are expressed as a percentage of votes cast.
All resolutions put to the meetings were carried.
The total number of shares in issue is 80,727,450 ordinary shares of 10p each, which was the total number of shares entitling the holders to attend and vote for or against all the resolutions at the AGM and at the GM. In accordance with the Company's Articles of Association, on a poll every member present in person or by proxy has one vote for every share held.
A vote "Withheld" is not a vote in law and is not counted in the calculation of votes validly cast "For" or "Against" a resolution.
In accordance with Listing Rule 9.6.2, copies of all resolutions, other than those concerning ordinary business passed at the AGM and the GM, plus the amended Articles of Association will shortly be available to view on the FCA's National Storage Mechanism, at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information please contact:
LMS Capital PLC
Nick Friedlos, Managing Director 020 7935 3555
Shore Capital, Broker
Gillian Martin, Daphne Zhang, Sophie Collins 020 7408 4050
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