CMC Markets schedules AGM, Clare Salmon to retire
CMC Markets Plc (LON:CMCX), a leading provider of online trading and institutional platform technology solutions, today announced that the 2022 AGM will be held at 133 Houndsditch, London, EC3A 7BX on Thursday 28 July 2022 at 10.00 a.m.
In accordance with the UK Corporate Governance Code, all of the current Directors will stand for election or re-election by the shareholders at the AGM except for Clare Salmon, who will retire as a Non-Executive Director at the conclusion of the AGM.
Ms Salmon joined CMC Markets as a non-executive director in October 2017. She has held a broad variety of international leadership roles with board-level experience across a range of service businesses. These have included the AA, RSA, Vodafone, ITV, Prudential, Royal London and Amigo Holdings plc.
Ms Salmon is also an experienced non-executive director having spent six years on the board of Alliance Trust plc, and was CEO of the British Equestrian Federation.
Having been appointed as a Director since the last AGM, Susanne Chishti will retire at the AGM and, in accordance with the Articles of Association and being eligible, will offer herself for election.
The Board is recommending for approval at the AGM a final dividend payment of 8.88 pence per ordinary share for the year ended 31 March 2022. If approved, the dividend will be payable on 11 August 2022 to holders of ordinary shares in CMC Markets named on the Register of Members as at the close of business on 15 July 2022.
In the Directors’ Report for the year to 31 March 2022, the Board highlighted certain procedural issues (namely an inadvertent failure to make the relevant filings at Companies House) in respect of payments of interim dividends on 23 December 2016, 22 December 2017 and 18 December 2020 which means that the Relevant Dividends had been made otherwise than in accordance with the requirements of the Companies Act 2006.
At the time of the Directors’ Report it was intended that a special resolution would be proposed at the AGM which would, if passed, authorise the appropriation of distributable profits to the payment of the Relevant Dividends and the entry by the Company into certain deeds of release.
CMC Markets now intends to convene a separate general meeting to consider this matter, which general meeting will be held immediately after the AGM.