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LMS Capital Plc - Notice of AGM

LMS Capital plc today published its 2018 Annual Report incorporating the Notice of its 2019 Annual General Meeting. This document is available in the Investor Relations section of the Company's website, This follows the release on 22 March 2019 of the Company's Preliminary Results Announcement for the year ended 31 December 2018.


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, a copy of the LMS Capital 2018 Annual Report which includes the Notice of its 2019 Annual General Meeting and a sample of a Form of Proxy for use at that meeting. The LMS Capital 2018 Annual Report will be filed with the Registrar of Companies in due course and copies can be obtained from the Company Secretary, IQ-EQ Corporate Services (UK) Limited, Two London Bridge, London, SE1 9RA. The Annual General Meeting will be held at 3.00 pm on 3 June 2019.


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 'Additional information' section below. That information should be read in conjunction with the Company's preliminary results announcement, which is not a substitute for reading the full Annual Report and Accounts 2018.  References to page numbers and notes to the accounts made in this section refer to page numbers and notes to the accounts in the Company's 2018 Annual Report.


Additional Information


Statement of Directors' responsibilities

The 2018 Annual Report includes a responsibility statement dated 22 March 2019, the date of approval of the 2018 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; and


·     the Annual Report includes 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.


Related party transactions

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 2018 were £915,000 (2017: £1,055,000).


The Directors fee paid for the year was £185,000 (2017:£185,000).


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. The lease was formally terminated on 24 March 2018. Under the terms of the lease the Company paid rent of £104,000 (2017: £406,000) to Derwent London plc. Robert Rayne is the Chairman of Derwent London plc.


Compensation arrangements for Directors are set out in the Remuneration Committee Report.