Result of AGM

CT Global Managed Portfolio - CMPI

02 October 2024

 

To:                   RNS

Date:               2 October 2024

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 2 October 2024, a poll was held on each of the resolutions and all 14 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 £627,918.96 (which equates to 10,361,600 Income shares) and new Growth shares up to an aggregate nominal amount of £427,779.49 (which equates to 7,059,000 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) as at 26 July 2024. 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 £313,959.48 (which equates to 5,180,800 Income shares) and allot new Growth shares or resell Growth shares held in treasury, up to an aggregate nominal amount of £213,889.74 (which equates to 3,529,500 Growth shares) being approximately 10% of the Company's total issued Income shares and approximately 10% of the Company's total issued Growth shares respectively (excluding shares held in treasury) as at 26 July 2024 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 £313,959.48 (which equates to 5,180,800 Income shares) and allot further new Growth shares or resell Growth shares held in treasury, up to an aggregate nominal amount of £213,889.74 (which equates to 3,529,500 Growth shares) being approximately 10% of the Company's total issued Income shares and approximately 10% of the Company's total issued Growth shares respectively (excluding shares held in treasury) as at 26 July 2024 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 7,766,000 Income shares and 5,283,600 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) immediately prior to the passing of this resolution. This authority will expire at the conclusion of the Company's next Annual General Meeting or on 2 January 2026, 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.

 The results of the poll were as follows:

		For		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 the audited financial statements for the year ended 31 May 2024	38,695,835	99.67%	127,705	0.33%	2,893,044	38,823,540
2	Receive, adopt & approve Directors' Remuneration Report for the year ended 31 May 2024	36,486,928	95.08%	1,889,357	4.92%	3,340,299	38,376,285
3	To re-elect Shauna L. Bevan as a Director	36,809,671	97.08%	1,106,260	2.92%	3,800,653	37,915,931
4	To re-elect Sue P. Inglis as a Director	36,991,832	97.22%	1,059,061	2.78%	3,665,691	38,050,893
5	To re-elect Simon M. Longfellow as a Director	37,413,542	97.52%	949,653	2.48%	3,353,389	38,363,195
6	To re-elect David Warnock as a Director	37,706,076	97.95%	790,994	2.05%	3,219,515	38,497,070
7	To re-appoint BDO LLP as Auditor	37,767,347	97.30%	1,049,519	2.70%	2,899,718	38,816,866
8	To authorise the Directors to determine remuneration of the Auditor	38,685,631	98.80%	471,319	1.20%	2,559,634	39,156,950
9	Approval of the Company's dividend policy	39,523,909	99.63%	145,707	0.37%	2,046,968	39,669,616
10	Authorise the Directors to allot shares	38,525,277	98.54%	569,543	1.46%	2,621,764	39,094,820
11	Power to allot shares and sell treasury shares without pre-emption rights	36,335,557	95.80%	1,593,908	4.20%	3,787,120	37,929,465
12	Additional power to allot shares and sell treasury shares without pre-emption rights	33,399,174	88.31%	4,421,783	11.69%	3,895,627	37,820,957
13	Authority to buy back own shares	39,035,398	99.11%	350,294	0.89%	2,330,892	39,385,692
14	Approval of proposed Purchase Contract	36,712,886	98.75%	465,268	1.25%	4,538,431	37,178,154

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 2024 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

A copy of the poll results will also be available on the Company's website.

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 1.18 and 2.68 for the Income shares and Growth shares respectively.

At the time for the meeting the Company's issued share capital consisted of 51,808,251 Income shares and 35,247,608 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 155,597,325.

For further information please contact:

Columbia Threadneedle Investment Business Limited   

Company Secretary

Telephone: [phone]

 

END