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PayPoint plc: Annual Report and Notice of 2019 AGM
PayPoint plc: Annual Report and Notice of 2019 AGM.
About this update from Paypoint Plc
[{"type":"text","content":"\n PayPoint plc: Annual Report and Notice of 2019 AGMPayPoint plc (the ‘Company’) 19 June 2019Publication of Annual Report and Notice of 2019 Annual General MeetingThe 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 transactionsRemuneration of the directors, who are the key management of the Group, was as follows during the year: Year ended 31 March 2019Year ended 31 March 2018 £000£000Short term benefits and bonus11,6302,579Pension costs2127234Long term incentives3648445Other47029Total2,4753,2871. 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 £11.3 million (2018: £15.1 million) and PayPoint held a trade debtor at year end of £0.6 million (2018: £0.4 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 StatementsThe 2019...