LMS Capital PLC 2016 Annual Report and Notice of 2017 AGM (9173C)
21 April 2017 - 4:00PM
UK Regulatory
TIDMLMS
RNS Number : 9173C
LMS Capital PLC
21 April 2017
Friday 21 April 2017
LMS Capital plc
2016 Annual Report and
Notice of 2017 Annual General Meeting
LMS Capital plc ("LMS Capital" or "the Company") has today
published its 2016 Annual Report and the Notice of its 2017 Annual
General Meeting. These documents are available in the Investor
Relations section of the Company's website, www.lmscapital.com.
This follows the release on 14 March 2017 of the Company's
Preliminary Results Announcement for the year ended 31 December
2016.
In compliance with Rule 9.6.1 of the Listing Rules, the Company
has submitted to the UK Listing Authority, via the National Storage
Mechanism, copies of the LMS Capital 2016 Annual Report, the Notice
of its 2017 Annual General Meeting and a sample of a Form of Proxy
for use at that meeting. The LMS Capital 2016 Annual Report will be
filed with the Registrar of Companies in due course and copies can
be obtained from the Company Secretary, LMS Capital plc, 100 George
Street, London W1U 8NU. The Annual General Meeting will be held at
12.00 noon on Thursday 25 May 2017.
The Disclosure and Transparency Rules (DTR 6.3.5(2)) require
certain information to be disclosed upon publication of an Annual
Report. Accordingly, the following disclosures are made in the
Appendices below. References to page numbers and notes to the
accounts made in these Appendices refer to page numbers and notes
to the accounts in the Company's 2016 Annual Report.
For further information please contact:
LMS Capital plc 020 7935 3555
Martin Knight, Chairman
Gresham House Asset Management Limited 020 3837 6270
Graham Bird
J.P. Morgan Cazenove 020 7742 4000
Michael Wentworth-Stanley
Appendix A - Statement of Directors' responsibilities
The 2016 Annual Report includes on page 47 a responsibility
statement dated 14 March 2017, the date of approval of the 2016
Annual Report, and signed for and on behalf of the Board by Martin
Knight. The following is extracted from that statement:
We confirm that to the best of our knowledge:
-- the financial statements, prepared in accordance with IFRSs
as adopted by the EU, give a true and fair view of the assets,
liabilities, financial position and profit or loss of the Company
taken as a whole;
-- the Annual Report and financial statements, taken as a whole,
is fair, balanced and understandable and provides the information
necessary for shareholders to assess the Company's performance,
business model and strategy; and
-- the Strategic Report and Manager's Review include a fair
review of the development and performance of the business and the
position of the Company taken as a whole, together with a
description of the principal risks and uncertainties that they
face.
Appendix B - Related party transactions
The following is extracted in a full and unedited form from note
20 on page 77 of the Company's Annual Report:
Gresham House Asset Management Limited was appointed the
investment manager of LMS Capital plc on 16 August 2016. Amounts
charged by the investment manager in 2016 were GBP573,000.
With effect from January 2011 the Company entered into a lease
agreement with Derwent London plc in respect of the premises
comprising its head office and registered office. Under the terms
of the lease the Company pays an annual rent of GBP406,000 (2015:
GBP289,000) to Derwent London plc plus certain service charges.
Robert Rayne is Chairman of Derwent London plc.
Up to 16 August 2016 the Company paid fees of GBP60,000 per
annum to SQP Limited for the provision of services by Robert Rayne.
From that date these fees are now paid by the Manager.
Compensation arrangements for Directors are set out in the
Remuneration Committee Report on pages 37 to 40.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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