UK online broker CMC Markets Plc (LON:CMCX) today published a notice of its Annual General Meeting 2021. The AGM will be held at 133 Houndsditch, London, EC3A 7BX on 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.
Earlier in June, CMC Markets posted its financial results for the full year to March 31, 2021, with income beating forecasts.
Net operating income increased to £409.8 million, up £157.8 million (63%) from the result recorded in the preceding year. As guided earlier, the result was ahead of forecasts. CFD revenue per active client rose 22% to £4,560, driven by improved CFD client income retention, whereas the number of CFD active clients increased by 19,389 (34%) partially driven by increased levels of interest in the financial markets from a new wave of clients.
Stockbroking net trading revenue jumped 72% to £54.8 million supported by higher client numbers (up 28%) and the increasing appeal of the international shares offering.