Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. LMS Capital plc
  6. News
  7. Summary
    LMS   GB00B12MHD28

LMS CAPITAL PLC

(LMS)
  Report
Delayed London Stock Exchange  -  11:35 2022-10-04 am EDT
31.50 GBX    0.00%
08/11LMS CAPITAL PLC : Ex-dividend day for interim dividend
FA
08/02Earnings Flash (LMS.L) LMS CAPITAL Reports H1 Loss GBX-2.10
MT
08/02LMS Capital plc Approves Interim Dividend for Financial Year to 31 December 2022, Payable 12 September 2022
CI
SummaryQuotesChartsNewsCompanyFinancialsConsensusFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

LMS Capital : Result of GM& Resignation of Independent Directors

11/28/2019 | 07:58am EDT

Result of GM& Resignation of Independent Directors

Released : 28/11/2019

RNS Number : 0315V

LMS Capital PLC

28 November 2019

28 November 2019

LMS Capital plc (the "Company")

Results of General Meeting and Resignation of Independent Directors

Results of General Meeting

LMS Capital plc held a general meeting earlier today to consider the proposals set out in the circular published by the Company on 5 November 2019 (the "Circular"). The resolution was put to a poll and the results of the poll are reported below. As such, the resolution put to the meeting was not carried.

Resolution

For*

Against**

Withheld

Votes

%

Votes

%

Votes

THAT the Proposal as set out in Part II 28,644,162

41.64

40,148,709

58.36

4,881

o f t h e C i r c u l a r b e a n d i s h e r e b y approved; and in consequence of such approval of the Proposal, the Amended I M A p r o p o s e d t o b e e n t e r e d i n t o b e t w e e n t h e C o m p a n y a n d G H A M summarised in Part II of the Circular, w h i c h c o n s t i t u t e s a r e l a t e d p a r t y t r a n s a c t i o n u n d e r t h e F i n a n c i a l Conduct Authority's Listing Rules, be and is hereby approved

  • The 'For' votes include those votes giving the Chairman discretion.
  • The 'Against' votes include 32,629,945 votes attributable to the Rayne family holdings as referred to in the letter sent to shareholders setting out the internal management proposal (approximately 81.2% of the 'Against' votes).

The Company's issued share capital is 80,727,450 ordinary shares of 10p each. 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 the UK Financial Conduct Authority's Listing Rules, a copy of the Resolutions will shortly be submitted to the National Storage Mechanism and will be available at www.morningstar.co.uk/uk/NSM.

Resignation of independent directors

As set out in the Circular, in the event that the resolution was not passed it was the intention of each of the independent directors, being Martin Knight, Neil Lerner and Rod Birkett (the "Independent Directors"), to resign. The Independent Directors note that a very substantial majority of shareholders that are independent of the Rayne family holding approved the resolution and supported the recommendation of the Independent Directors. However, given the Rayne family's substantial shareholding, the Independent Directors consider that it would not be in the best interests of the Company for them to continue as directors given that they do not, for reasons set out in the Circular, believe that the internal management proposal is in the best interest of shareholders as a whole.

Accordingly, in accordance with Listing Rule 9.6.11, the Company announces that it has received letters of resignation from each of Messrs. Knight, Lerner and Birkett and that these resignations will be effective from 4 p.m. (GMT) today.

Appointment of new directors

A further announcement relating to the appointment of replacement directors will be made by the Company in due course.

For further information, please contact:

LMS Capital plc

+ 44(0)20 7935 3555

Robert Rayne, Director

Shore Capital Ltd

+ 44(0)20 7408 4090

Robert Finlay

LEI: 2138004UJ1TW8UCELX08

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.

END

ROMLVLFLKFFXFBK

Disclaimer

LMS Capital plc published this content on 28 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2019 12:57:04 UTC


© Publicnow 2019
All news about LMS CAPITAL PLC
08/11LMS CAPITAL PLC : Ex-dividend day for interim dividend
FA
08/02Earnings Flash (LMS.L) LMS CAPITAL Reports H1 Loss GBX-2.10
MT
08/02LMS Capital plc Approves Interim Dividend for Financial Year to 31 December 2022, Payab..
CI
08/02LMS Capital plc Reports Earnings Results for the Half Year Ended June 30, 2022
CI
05/26LMS CAPITAL PLC : Ex-dividend day for final dividend
FA
05/19LMS Capital plc Announces Final Dividend Declaration for the Year Ended 31 December 202..
CI
03/10Earnings Flash (LMS.L) LMS CAPITAL Posts FY21 EPS GBX2.30
MT
03/10LMS Capital plc Reports Earnings Results for the Full Year Ended December 31, 2021
CI
03/10LMS Capital plc Recommends Final Dividend for the Year Ended 31 December 2021, Payable ..
CI
2021LMS CAPITAL PLC : Ex-dividend day for interim dividend
FA
More news
Financials
Sales 2021 3,86 M 4,41 M 4,41 M
Net income 2021 1,87 M 2,14 M 2,14 M
Net cash 2021 14,4 M 16,5 M 16,5 M
P/E ratio 2021 15,7x
Yield 2021 2,57%
Capitalization 25,4 M 29,1 M 29,1 M
EV / Sales 2020 -2,52x
EV / Sales 2021 3,79x
Nbr of Employees 10
Free-Float 58,0%
Chart LMS CAPITAL PLC
Duration : Period :
LMS Capital plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LMS CAPITAL PLC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 1
Last Close Price 0,32
Average target price
Spread / Average Target -
Managers and Directors
Nicholas Robert Friedlos Managing Director & Executive Director
Robert Anthony Rayne Chairman
Peter Shaw Harvey Independent Non-Executive Director
Graham Stedman Independent Non-Executive Director
James Mcmoran Wilson Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
LMS CAPITAL PLC-12.50%29
BLACKROCK, INC.-37.45%86 348
BROOKFIELD ASSET MANAGEMENT INC.-24.73%65 967
UBS GROUP AG-10.60%48 216
BANK OF NEW YORK MELLON CORPORATION (THE)-31.71%32 049
AMERIPRISE FINANCIAL, INC.-13.01%28 384