Result of AGM

Mercantile Investment Trust(The)PLC
29 May 2024
 

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

THE MERCANTILE INVESTMENT TRUST PLC

 

RESULT OF POLL AT ANNUAL GENERAL MEETING

 

Legal Entity Identifier: 549300BGX3CJIHLP2H42

Information disclosed in accordance with LR 9.6.18

 

Following the Annual General Meeting of the Company, which was held today, the Board is pleased to announce that all of the Ordinary Resolutions put to shareholders were voted on by poll and passed. In addition, the following items of special business were voted on by poll and passed which:

 

i)          allow the Directors of the Company to exercise all powers of the Company to allot shares in the Company up to an aggregate nominal amount of £1,941,395 representing approximately 10% of the Company's issued ordinary share capital as at 11th April 2024;

 

ii)         allow the disapplication of pre-emption rights on the allotment of new ordinary shares up to an aggregate nominal amount of £2,361,230;

 

iii)        allow the Company to make market purchases of up 14.99% of the Company's issued share capital;

 

iv)        approved the Company's dividend policy to continue to pay four quarterly interim dividends; and

 

v)         allow the Company to hold a general meeting, other than an Annual General Meeting, on not less than 14 clear days' notice.

 

The full results of the poll conducted at today's meeting are detailed below and will shortly be available on the Company's website, www.mercantileit.co.uk

 

 

VOTES
FOR

%

VOTES
AGAINST

%

VOTES
TOTAL

% of ISC VOTED

VOTES
WITHHELD

1

408,330,951

99.97

114,853

0.03

408,445,804

52.63%

140,576

2

407,271,679

99.84

655,831

0.16

407,927,510

52.57%

658,870

3

407,399,238

99.85

608,073

0.15

408,007,311

52.58%

579,069

4

404,100,685

98.97

4,212,186

1.03

408,312,871

52.62%

273,509

5

404,062,688

98.96

4,250,183

1.04

408,312,871

52.62%

273,509

6

404,081,436

98.97

4,185,078

1.03

408,266,514

52.61%

319,866

7

404,042,600

98.96

4,242,271

1.04

408,284,871

52.61%

301,509

8

404,096,755

98.97

4,216,116

1.03

408,312,871

52.62%

273,509

9

404,010,939

98.95

4,301,932

1.05

408,312,871

52.62%

273,509

10

408,128,020

99.94

248,037

0.06

408,376,057

52.63%

210,323

11

408,128,237

99.93

294,331

0.07

408,422,568

52.63%

163,812

12

407,673,396

99.84

667,971

0.16

408,341,367

52.62%

245,013

13

403,714,032

98.84

4,725,671

1.16

408,439,703

52.63%

146,677

14

408,266,252

99.96

176,782

0.04

408,443,034

52.63%

143,346

15

407,191,825

99.73

1,103,584

0.27

408,295,409

52.62%

290,971

 

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Financial Statements which is available for viewing at the National Storage Mechanism which can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and from the Company's website, www.mercantileit.co.uk

 

 

29th May 2024

 

For further information, please contact:

 

Alison Vincent

For and on behalf of

JPMorgan Funds Limited - Company Secretary

020 7742 4000

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