Result of AGM

Manchester & London Investment Trust PLC

Result of Annual General Meeting

Manchester & London Investment Trust PLC (the "Company") is pleased to announce that all of the resolutions proposed at its annual general meeting held on 30 November 2015 were duly passed.

Resolution 5 relating to the election of the independent director, was passed by separate majorities of all shareholders and of those shareholders who are independent of the Sheppard family concert party, the members of which are regarded as controlling shareholders for the purposes of the Listing Rules. The following table indicates the number of valid proxy votes lodged in advance of the meeting for each of the resolutions. It should be noted that votes withheld do not constitute votes in law and therefore are not counted in the number of votes for or against any resolution.

Resolution		In favour		Against		Withheld		Total
		Number	%	Number	%	Number	%
1.	To approve the annual report and financial statements for the year to 31 July 2015	15,523,980	99.9	8,114	0.1	-	-	15,532,094
2.	To approve the remuneration report	15,523,480	99.9	8,114	0.1	500	-	15,532,094
3.	To approve the final dividend	15,521,480	99.9	10,614	0.1	-	-	15,532,094
4.	To re-elect B.L. Miller as a director	15,521,480	99.9	10,614	0.1	-	-	15,532,094
5.	To re-elect P.H.A.  Stanley as a director (all shareholders)	15,521,480	99.9	10,614	0.1	-	-	15,532,094
5.	To re-elect P.H.A.  Stanley as a director (independent shareholders)	1,909,512	99.4	10,614	0.6	-	-	1,920,126
6.	To re-appoint CLB Coopers as auditor	15,523,980	99.9	-	-	8,114	0.1	15,532,094
7.	To amend the Articles in relation to the sale of treasury shares at a discount to NAV	15,532,094	100.0	-	-	-	-	15,532,094
8.	To amend the Articles in relation to the election of independent directors	15,532,094	100.0	-	-	-	-	15,532,094
9.	To approve powers to allot shares	15,532,094	100.0	-	-	-	-	15,532,094
10.	To waive pre-emption rights	15,532,094	100.0	-	-	-	-	15,532,094
11.	To grant powers to sell shares from treasury	15,532,094	100.0	-	-	-	-	15,532,094
12.	To grant powers for market purchases of shares	15,532,094	100.0	-	-	-	-	15,532,094

At the date of the annual general meeting there were 22,457,042 ordinary shares with voting rights in issue. 957,622 shares are held in treasury.  In accordance with Listing Rule 9.6.2, copies of resolutions 7 to 12, being the resolutions passed as special business at the annual general meeting, have been submitted to the National Storage Mechanism and will shortly be available at: www.Hemscott.com/nsm.do.  

Enquiries:

Manchester & London Investment Trust Plc - 0161 242 2899

M & L Capital Management Limited – 0207 584 5733