Notice of AGM

RNS Number : 3822K

Allianz Technology Trust PLC

21 April 2020

 

 

21 APRIL 2020

ALLIANZ TECHNOLOGY TRUST PLC

The Company announces that the Annual General Meeting will still be held on Tuesday 19 May 2020. The following letter has been communicated to shareholders today

ALLIANZ TECHNOLOGY TRUST PLC

(Incorporated and registered in England and Wales with registered number 03117355) (Registered as an investment company under section 833 of the Companies Act 2006)

Registered Office

199 Bishopsgate

London EC2M 3TY

  Dear Shareholder,    21 April 2020

Allianz Technology Trust PLC (the "Company")

Annual General Meeting (AGM) - COVID-19 outbreak

The Annual Financial Report and Notice of AGM of the Company were sent to shareholders in the middle of March and the AGM is due to be held at 12.00 noon on 19 May 2020 at Grocers' Hall, Princes Street, London EC2R 8AD.

Following the Prime Minister's announcement on 23 March 2020 of further restrictions and the continuing impact of COVID-19 the AGM cannot go ahead as planned. Grocers' Hall is closed and there is no access to the AGM venue. As a consequence, the Board hereby announces the adjournment, under Article 22.6 of the Company's articles of association, of the AGM, and hereby gives notice that it will be re-convened at 12.00 noon on 19 May 2020 at Barn Hill, Bredon's Norton, Tewkesbury, Gloucestershire, GL20 7HB.

The UK Government issued guidance, that took effect from 23 March 2020, supported by legislation passed by UK Parliament on 26 March 2020, prohibiting, among other things, public gatherings of more than two people, which was to take effect immediately. The only exceptions to these restrictions are where the gathering is of people who live together, or where the gathering is "essential for work purposes". In these circumstances and in accordance with current guidance, the Board does not consider that physical attendance by a shareholder at the AGM is essential for work purposes. As such, physical attendance by shareholders at the AGM will be refused.

The Board therefore urges you to comply with the UK Government's instructions to stay safe and remain at home. You are therefore reminded of and encouraged to use your right to appoint the Chairman of the AGM as your proxy to attend the meeting and vote on your behalf.

In light of these circumstances, the Board has decided to change the format of the AGM this year. Unlike in previous years, the AGM will be a "closed door" meeting and comprise of the formal business part of the meeting only - that is the formal resolutions and not a wider discussion about business performance or Q&A. The presentation that the Company's investment manager would have given in person at the AGM will instead be published on our website in advance of the AGM. The Company intends to arrange an event for shareholders later this year, details of which will follow in due course. When available, the information for this event will be provided in a letter to you and will also be available on our website.

You are encouraged to exercise your votes in advance of the meeting by returning a completed form of proxy to the Company's registrars, Link Asset Services, PXS1, 34 Beckenham Road, Beckenham, Kent BR3 4TU or lodged at www.signalshares.com as soon as possible and, in any event, so as to arrive by not later than 6pm. on Friday 16 May 2020. The final voting results will be published immediately following the conclusion of the AGM.

Should you wish to ask the Board or the Company's investment manager any questions, we request that you do so either by email to: [e-mail] or by post, by writing to the Company at Allianz Technology Trust PLC, 199 Bishopsgate, London, EC2M 3TY. 

The UK Government guidelines can be found at  www.gov.uk/coronavirus.

Shareholder communications

This letter and any further updates will be available for you to view on the Company's website www.allianztechnologytrust.co.uk and announced through the London Stock Exchange as appropriate.

I and my fellow directors are very sorry that circumstances beyond our control prevent us from holding the AGM as planned. We thank you for your continued support.

Yours faithfully

Robert Jeens

Chairman

 

END

 

 

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