Paypoint plc Paypoint Plc: Annual Report And Notice Of 2019 Agm
19 Junio 2019 - 10:24AM
UK Regulatory
TIDMPAY
PayPoint plc (the 'Company')
19 June 2019
Publication of Annual Report and Notice of 2019 Annual General Meeting
The Company has today published its Annual Report and Financial
Statements for the year ended 31 March 2019 ('2019 Annual Report') on
its website http://corporate.paypoint.com/
In accordance with Listing Rule 9.6.1, the 2019 Annual Report and notice
of Annual General Meeting will shortly be available for public
inspection on the National Storage Mechanism (NSM) -- Morningstar
(www.morningstar.co.uk/uk/nsm).
The Company will hold its 2019 Annual General Meeting on Thursday, 25
July 2019 at 12 noon at the Company's head office: PayPoint plc, 1 The
Boulevard, Shire Park, Welwyn Garden City, Hertfordshire AL7 1EL.
In addition, following the release on 23 May 2019 of the Company's
preliminary results for the year ended 31 March 2019, which are also
available at http://corporate.paypoint.com/, the Company makes the
following additional disclosure in compliance with Rule 6.3.5R of the
Disclosure and Transparency Rules of the UK Financial Conduct Authority.
Together these constitute the information required to be communicated to
the media in unedited full text through a Regulatory Information
Service. This information is not a substitute for reading the full 2019
Annual Report and Financial Statements.
Related party transactions
Remuneration of the directors, who are the key management of the Group,
was as follows during the year:
Year ended Year ended
31 March 2019 31 March 2018
-------------- --------------
GBP000 GBP000
----------------- -------------- --------------
Short term
benefits and
bonus(1) 1,630 2,579
----------------- -------------- --------------
Pension costs(2) 127 234
----------------- -------------- --------------
Long term
incentives(3) 648 445
----------------- -------------- --------------
Other(4) 70 29
----------------- -------------- --------------
Total 2,475 3,287
----------------- -------------- --------------
1. Includes salary, fees, benefits in kind and annual bonus.
2. Defined contribution pension scheme.
3. Long term incentives: includes the value of 2016 LTIP and DABS
expected to vest after the year end (2018: 2015 DSB and LTIP awards).
4. SIP matching and dividend shares awarded in the year.
Revenue received from Drop and Collect Limited during the year totalled
GBP11.3 million (2018: GBP15.1 million) and PayPoint held a trade debtor
at year end of GBP0.6 million (2018: GBP0.4 million).
Directors' remuneration is disclosed in the Annual Report on
Remuneration on pages 65 to 81.
Statement of directors' responsibilities in respect of the Annual Report
and the Financial Statements
The 2019 Annual Report contains the following statements regarding
responsibility for financial statements on page 85:
"The directors are responsible for preparing the Annual Report and the
Group and parent Company financial statements in accordance with
applicable law and regulations.
Company law requires the directors to prepare Group and parent Company
financial statements for each financial year. Under that law they are
required to prepare the Group financial statements in accordance with
International Financial Reporting Standards as adopted by the European
Union (IFRSs as adopted by the EU) and applicable law and have elected
to prepare the parent Company financial statements on the same basis.
Under company law the directors must not approve the financial
statements unless they are satisfied that they give a true and fair view
of the state of affairs of the Group and parent Company and of their
profit or loss for that period. In preparing each of the Group and
parent Company financial statements, the directors are required to:
-- select suitable accounting policies and then apply them consistently;
-- make judgements and estimates that are reasonable, relevant and reliable;
-- state whether they have been prepared in accordance with IFRSs as adopted
by the EU;
-- assess the Group and parent Company's ability to continue as a going
concern, disclosing, as applicable, matters related to going concern; and
-- use the going concern basis of accounting unless they either intend to
liquidate the Group or the parent Company or to cease operations, or have
no realistic alternative but to do so.
The directors are responsible for keeping adequate accounting records
that are sufficient to show and explain the parent Company's
transactions and disclose with reasonable accuracy at any time the
financial position of the parent Company and enable them to ensure that
its financial statements comply with the Companies Act 2006. They are
responsible for such internal control as they determine is necessary to
enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error, and have general
responsibility for taking such steps as are reasonably open to them to
safeguard the assets of the Group and to prevent and detect fraud and
other irregularities.
Under applicable law and regulations, the directors are also responsible
for preparing a Strategic Report, Directors' Report, Directors'
Remuneration Report and Corporate Governance Statement that complies
with that law and those regulations.
The directors are responsible for the maintenance and integrity of the
corporate and financial information included on the Company's website.
Legislation in the UK governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
Responsibility statement of the directors in respect of the annual
financial report
We confirm that to the best of our knowledge:
-- the financial statements, prepared in accordance with the applicable set
of accounting standards, give a true and fair view of the assets,
liabilities, financial position and profit or loss of the Company and the
undertakings included in the consolidation taken as a whole; and
-- the directors' report which also incorporates the strategic report
includes a fair review of the development and performance of the business
and the position of the issuer and the undertakings included in the
consolidation taken as a whole, together with a description of the
principal risks and uncertainties that they face.
We consider the annual report and accounts, taken as a whole, is fair,
balanced and understandable and provides the information necessary for
shareholders to assess the group's position and performance, business
model and strategy.
Rachel Kentleton
Finance Director
22 May 2019"
- End -
Enquiries:
Susan Court
Company Secretary, PayPoint plc
Tel: +44 (0)1707 600300
(END) Dow Jones Newswires
June 19, 2019 11:24 ET (15:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Paypoint (LSE:PAY)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Paypoint (LSE:PAY)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024