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

 

END