AGM Statement

RNS Number : 8943P

Mid Wynd Inter Inv Trust PLC

10 October 2011

 



MID WYND INTERNATIONAL INVESTMENT TRUST PLC

Annual General Meeting, 10 October 2011

All resolutions were passed at the AGM of the Company held on 10 October 2011, including those detailed below:

Special Resolutions

·    Shareholders approved a special resolution authorising the Company to issue shares up to a maximum of 10% of the Company's issued share capital, being 2,636,383 ordinary shares of 5p, on a non-pre-emptive basis. This authority will expire at the conclusion of the AGM to be held in respect of the year ending 30 June 2012.

·    Shareholders approved a special resolution authorising the Company to buy-back its own shares up to a maximum of 14.99% of the Company's issued share capital, being 3,951,938 ordinary shares of 5p. This authority will expire at the conclusion of the AGM to be held in respect of the year ending 30 June 2012.

Special Business, Ordinary Resolutions

·    Shareholders approved an ordinary resolution increasing the limit on Directors' Fees from £75,000 to £125,000 in aggregate per annum.

·    Shareholders approved an ordinary resolution authorising the Company to sub-divide the Company's existing ordinary shares of 25p each into five ordinary shares of 5p each.

Subject to the above, applications were made to the UK Listing Authority to amend the Official List, and to the London Stock Exchange to amend the trading line. The existing ordinary shares will be sub-divided into 26,363,830 ordinary 5p shares and admission is expected to commence on Tuesday 11 October 2011.

In addition to these issued shares the Company also has an existing General block listing with an outstanding balance of 186,276 ordinary shares of 25 pence each. Following the sub-division this will be amended up to 931,380 ordinary shares of 5 pence each.

Baillie Gifford & Co.

Company Secretaries

10 October 2011

 

END

 

 

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