Result of AGM

CT Global Managed Portfolio Trust

29 September 2023

 

To:                   RNS

Date:               29 September 2023

Company:       CT Global Managed Portfolio Trust PLC

LEI:                  213800ZA6TW45NM9YY31

Subject: Result of Annual General Meeting

CT Global Managed Portfolio Trust PLC (the "Company") announces that, at the Annual General Meeting held on 28 September 2023, a poll was held on each of the resolutions and all 15 resolutions proposed were duly passed, including those detailed below:

·    An ordinary resolution authorising the Directors' to allot new Income shares up to an aggregate nominal amount of £649,295.10 (consisting of 10,091,000 Income shares) and new Growth shares up to an aggregate nominal amount of £483,673.70 (consisting of 7,517,000 Growth shares), being approximately 20% of the Company's total issued Income shares and approximately 20% of the Company's total issued Growth shares respectively (excluding shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier, unless previously revoked, varied or extended by the Company in general meeting.

·    A special resolution authorising the Directors' to allot new Income shares, or resell Income shares held in treasury, up to an aggregate nominal amount of £324,647.55 (consisting of 5,045,500 Income shares) and allot new Growth shares or resell Growth shares held in treasury, up to an aggregate nominal amount of £241,836.85 (consisting of 3,758,500 Growth shares) being approximately 10% of the Company's total issued Income shares and approximately 9.7% of the Company's total issued Growth shares respectively (including shares held in treasury) for cash without first offering such shares to existing shareholders pro rata to their existing holdings. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier unless previously varied, revoked or renewed by the Company in general meeting.

·    A special resolution providing the Directors' with additional authority to allot further new Income shares or resell Income shares held in treasury up to an aggregate nominal amount of £324,647.55 (consisting of 5,045,500 Income shares) and allot further new Growth shares or resell Growth shares held in treasury, up to an aggregate nominal amount of £241,836.85 (consisting of  3,758,500 Growth shares) being approximately 10% of the Company's total issued Income shares and approximately 9.7% of the Company's total issued Growth shares respectively (including shares held in treasury) for cash without first offering such shares to existing shareholders pro rata to their existing holdings. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier unless previously varied, revoked or renewed by the Company in general meeting.

·   A special resolution renewing the Directors' authority to make market purchases of up to 7,563,000 Income shares and 5,587,200 Growth shares being approximately 14.99% of the issued Income shares and 14.99% of the issued Growth shares (excluding Income shares and Growth shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting or on 28 December 2024, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.

·    A special resolution to approve the proposed Purchase Contract to enable the Company to make off-market purchases of its own deferred shares.

·    An ordinary resolution approving the continuation of the Company.

 The results of the poll were as follows:

		For and Discretionary		Against		Withheld	Total Votes (excluding Votes Withheld)
	Resolution	No of Votes	% of Votes Cast	No of Votes	% of Votes Cast	No of Votes
1	Receive & adopt Annual Report & Financial Statements for the year to 31 May 2023	37,522,513	100.0%	7,734	0.0%	1,876,216	37,530,247
2	Approve Directors' Remuneration Policy	31,929,124	93.2%	2,338,454	6.8%	5,138,885	34,267,578
3	Approve Directors' Remuneration Report for the year to 31 May 2023	32,012,853	93.3%	2,309,043	6.7%	5,084,567	34,321,896
4	To re-elect Shauna L. Bevan as a Director	34,067,936	95.5%	1,596,813	4.5%	3,741,714	35,664,749
5	To re-elect Sue P. Inglis as a Director	34,171,951	95.5%	1,596,986	4.5%	3,637,526	35,768,937
6	To re-elect Simon M. Longfellow as a Director	34,296,112	95.9%	1,472,191	4.1%	3,638,160	35,768,303
7	To re-elect David Warnock as a Director	34,472,951	96.5%	1,264,882	3.5%	3,668,630	35,737,833
8	To re-appoint BDO LLP as Auditor and authority to determine its remuneration	35,132,921	96.0%	1,463,187	4.0%	2,810,355	36,596,108
9	Approval of the Company's dividend policy	37,219,524	99.9%	32,604	0.1%	2,154,335	37,252,128
10	Authorise the Directors to allot shares	36,703,338	99.2%	280,320	0.8%	2,422,805	36,983,658
11	Power to allot shares and sell treasury shares without pre-emption rights	33,627,174	94.9%	1,806,963	5.1%	3,972,326	35,434,137
12	Additional power to allot shares and sell treasury shares without pre-emption rights	32,363,221	92.8%	2,512,294	7.2%	4,530,947	34,875,515
13	Authority to buy back own shares	35,985,040	98.7%	471,192	1.3%	2,950,231	36,456,232
14	Approval of Proposed purchase contract	33,621,257	96.5%	1,210,903	3.5%	4,574,303	34,832,160
15	That the continuation of the Company be approved	36,422,512	99.9%	24,853	0.1%	2,959,098	36,447,365

The full text of all the resolutions can be found in the Notice of Annual General Meeting set out in the Annual Report and Financial Statements for the year ended 31 May 2023 which is available for viewing at the FCA's National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website www.ctglobalmanagedportfolio.co.uk

Under the Articles of Association, at a general meeting on a poll, each Income shareholder and each Growth shareholder is entitled to a weighted vote determined in accordance with the underlying NAV of the relevant share class. The related share voting numbers for this meeting were 1.16 and 2.33 for the Income shares and Growth shares respectively.

At the time for the meeting the Company's issued share capital consisted of 50,455,503 Income shares and 37,387,949 Growth shares with voting rights. Based on the share voting numbers determined for this meeting, the total voting rights applicable to the poll on the above resolutions were 145,642,304.

For further information please contact:

Columbia Threadneedle Investment Business Limited   

Company Secretary

Telephone: [phone]

 

END