Results of the Annual General Meeting 2015
Capital Gearing Trust P.l.c. (the “Companyâ€) is pleased to announce the results of its Annual General Meeting (the “AGMâ€) held on Wednesday, 8 July 2015 at 11.00am. The ordinary and special resolutions set out in the AGM notice were proposed and passed on a show of hands.
The proxy voting figures are shown below.
No. | Resolution | |||||||
ORDINARY BUSINESS | ||||||||
1 | To receive the Report and Accounts for the year ended 5 April 2015 | |||||||
Votes for/discretionary | 348,600 | |||||||
Votes against | 0 | |||||||
Total votes cast | 348,600 | |||||||
Votes withheld | 0 | |||||||
Poll | No | |||||||
2 | To approve the Directors’ Remuneration Report for the year ended 5 April 2015 | |||||||
Votes for/discretionary | 348,450 | |||||||
Votes against | 0 | |||||||
Total votes cast | 348,450 | |||||||
Votes withheld | 150 | |||||||
Poll | No | |||||||
3. | To declare a final dividend of 20p per Ordinary share for the year ended 5 April 2015 | |||||||
Votes for/discretionary | 348,600 | |||||||
Votes against | 0 | |||||||
Total votes cast | 348,600 | |||||||
Votes withheld | 0 | |||||||
Poll | No | |||||||
4. | To re-elect Graham Meek as a director of the Company | |||||||
Votes for/discretionary | 347,388 | |||||||
Votes against | 1,212 | |||||||
Total votes cast | 348,600 | |||||||
Votes withheld | 0 | |||||||
Poll | No | |||||||
5. | To elect Jean Matterson as a director of the Company | |||||||
Votes for/discretionary | 348,600 | |||||||
Votes against | 0 | |||||||
Total votes cast | 348,600 | |||||||
Votes withheld | 0 | |||||||
Poll | No | |||||||
6. | To elect Robin Archibald as a director of the Company | |||||||
Votes for/discretionary | 348,600 | |||||||
Votes against | 0 | |||||||
Total votes cast | 348,600 | |||||||
Votes withheld | 0 | |||||||
Poll | No | |||||||
7. | To re-appoint PricewaterhouseCoopers LLP as auditors of the Company | |||||||
Votes for/discretionary | 343,363 | |||||||
Votes against | 5,237 | |||||||
Total votes cast | 348,600 | |||||||
Votes withheld | 0 | |||||||
Poll | No | |||||||
8. | To authorise the directors to determine the auditors’ remuneration | |||||||
Votes for/discretionary | 345,000 | |||||||
Votes against | 3,400 | |||||||
Total votes cast | 348,600 | |||||||
Votes withheld | 200 | |||||||
Poll | No | |||||||
SPECIAL BUSINESS | ||||||||
ORDINARY RESOLUTIONS | ||||||||
9. | To approve the adoption of a new zero discount/premium management policy | |||||||
Votes for/discretionary | 347,800 | |||||||
Votes against | 800 | |||||||
Total votes cast | 348,600 | |||||||
Votes withheld | 0 | |||||||
Poll | No | |||||||
10. | To authorise the directors to cease offering periodic tenders at realisation value | |||||||
Votes for/discretionary | 347,800 | |||||||
Votes against | 800 | |||||||
Total votes cast | 348,600 | |||||||
Votes withheld | 0 | |||||||
Poll | No | |||||||
11. | To authorise the directors to allot shares | |||||||
Votes for/discretionary | 348,108 | |||||||
Votes against | 327 | |||||||
Total votes cast | 348,435 | |||||||
Votes withheld | 165 | |||||||
Poll | No | |||||||
SPECIAL RESOLUTIONS | ||||||||
12. | To authorise the directors to allot shares on a non-pre-emptive basis | |||||||
Votes for/discretionary | 346,986 | |||||||
Votes against | 1,449 | |||||||
Total votes cast | 348,435 | |||||||
Votes withheld | 165 | |||||||
Poll | No | |||||||
13. | To authorise the Company to make market purchases of its own shares | |||||||
Votes for/discretionary | 346,600 | |||||||
Votes against | 2,000 | |||||||
Total votes cast | 348,600 | |||||||
Votes withheld | 0 | |||||||
Poll | No | |||||||
14. | To authorise the calling of general meetings, other than annual general meetings, on not less than 14 clear days’ notice | |||||||
Votes for/discretionary | 337,325 | |||||||
Votes against | 11,075 | |||||||
Total votes cast | 348,400 | |||||||
Votes withheld | 200 | |||||||
Poll | No | |||||||
Notes:
Any proxy votes which are at the discretion of the Chairman have been included in the “for†total. A vote withheld is not a vote in law and is not counted in the votes for or against a resolution.
At the date of the AGM the total number of Ordinary shares of 25p each in issue and the total number of voting rights was 2,926,906.
The proxy voting figures will shortly also be available on the Company’s website at www.capitalgearingtrust.com
In accordance with Listing Rule 9.6.2, the full text of the special business resolutions passed has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/nsm. The special business resolutions will additionally be filed with Companies House.
Disclaimer: Neither the contents of the Company’s website nor the contents of any website accessible from hyperlinks on the Company’s website (or any other website) is incorporated into, or forms part of, this announcement.
Enquiries
TMF Nominees Ltd
Email:company.secretary@capitalgearingtrust.com
9 July 2015