Result of AGM

Aberforth Smaller Companies Trust plc

 

Annual General Meeting held on 5 March 2024

The Board of Aberforth Smaller Companies Trust plc hereby reports that all the resolutions proposed at the Annual General Meeting held on 5 March 2024 were passed by Shareholders on a poll.  

The table below shows the results of the poll.

Resolution	Votes For	% Votes For	Votes Against	% Votes Against	Total Votes cast (excluding Votes Withheld)	Votes Withheld
1   That the Report and      Financial Statements for      the year ended 31      December 2023 be      adopted.	51,509,692	95.79%	2,261,913	4.21%	53,771,605	4,777
2   That the Directors’      Remuneration Report for      the year ended 31      December 2023 be      approved.	53,726,304	99.96%	22,271	0.04%	53,748,575	27,807
3   That a final dividend of      28.55p per share and a      special dividend of 9.00p      per share be approved.	53,772,348	100.00%	394	0.00%	53,772,742	3,640
4   That Richard Davidson be      re-elected as a Director.	53,398,026	99.33%	361,679	0.67%	53,759,705	16,677
5   That Jaz Bains be      re-elected as a Director.	53,750,293	99.99%	4,973	0.01%	53,755,266	21,116
6   That Patricia Dimond be      re-elected as a Director.	53,749,907	99.99%	5,359	0.01%	53,755,266	21,116
7   That Victoria Stewart be       re-elected as a Director.	53,750,720	99.99%	4,546	0.01%	53,755,266	21,116
8   That Martin Warner be      re-elected as a Director.	53,754,027	100.00%	1,239	0.00%	53,755,266	21,116
9  That Johnston      Carmichael LLP be      re-appointed as      Independent Auditor of      the Company to hold      office until the      conclusion of the next      Annual General Meeting      at which the Financial      Statements are laid      before the Company.	53,744,673	99.98%	13,161	0.02%	53,757,834	18,548

10 That the Audit       Committee be       authorised to determine       the remuneration of the       Independent Auditor for       the year to 31 December       2024.	53,754,871	99.98%	13,250	0.02%	53,768,121	8,261
11 That the aggregate       annual amount of fees       that can be paid to the       Directors of the Company       shall, in accordance with       Article 117, be increased       to £250,000.	53,700,098	99.88%	65,381	0.12%	53,765,479	10,903
12 That the Company be       authorised to buy back       Ordinary Shares.	53,572,836	99.64%	194,748	0.36%	53,767,584	8,798

Notes

1. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
2. Proxy appointments which gave discretion to the Chairman have been included as votes for the resolution.
3. Resolutions 1 to 11 were ordinary resolutions and resolution 12 was a special resolution.
4. The total votes cast represented 63.84% of the 84,234,605 Ordinary Shares in issue at 1 March 2024.

The full text of the resolutions can be found in the Notice of the Annual General Meeting contained in the 2023 Annual Report and Financial Statements which is on the website www.aberforth.co.uk.  The report has been submitted to the National Storage Mechanism and is available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Contact 

Michael Campbell, Aberforth Partners LLP, Secretaries

Telephone: [phone]

5 March 2024

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