Result of AGM

RNS Number : 3180L
Montanaro European Smaller C.TstPLC
09 September 2021
 

Montanaro European Smaller Companies Trust PLC

("the Company")

 

LEI: 213800CWSC5B8BG3RS21

 

Results of Annual General Meeting


Following the Annual General Meeting (the "AGM") which was held today, 9 September 2021, the Company is pleased to announce that all resolutions put to shareholders were duly passed on a show of hands. 

Valid proxy votes received were as follows:

 

 

For

%

Against

%

% Of ISC#

Voted

 

Votes
Withheld

Resolution 1: To receive the Annual Report and Accounts.

 

4,544,702

 

 

 

99.98

 

 

 

960

 

 

 

0.02

 

 

 

25.30

 

 

 

3,940

 

 

 

Resolution 2: To approve the Directors' Remuneration Report.

 

4,517,771

 

 

 

99.73

 

 

 

12,320

 

 

 

0.27

 

 

 

25.21

 

 

 

19,511

 

 

 

Resolution 3: To declare a final dividend of 7.25p per Ordinary Share for the year ended 31 March 2021.

 

4,544,737

 

 

 

 

99.98

 

 

 

 

925

 

 

 

 

0.02

 

 

 

 

25.30

 

 

 

 

3,940

 

 

 

 

Resolution 4: To re-elect Mr R M Curling as a Director of the Company.

 

3,808,720

 

 

 

99.91

 

 

 

3,347

 

 

 

0.09

 

 

 

21.22

 

 

 

737,535

 

 

 

Resolution 5: To re-elect Mrs C A Roxburgh as a Director of the Company.

 

3,807,922

 

 

 

99.87

 

 

 

4,945

 

 

 

0.13

 

 

 

21.22

 

 

 

736,735

 

 

 

Resolution 6: To elect Mr G Neilly as a Director of the Company.

 

3,806,338

 

 

 

99.81

 

 

 

7,075

 

 

 

0.19

 

 

 

21.22

 

 

 

736,189

 

 

 

Resolution 7: To appoint PricewaterhouseCoopers LLP as auditor to the Company.

 

4,032,473

 

 

 

 

88.74

 

 

 

 

511,805

 

 

 

 

11.26

 

 

 

 

25.29

 

 

 

 

5,324

 

 

 

 

Resolution 8: To authorise the Directors to determine the auditor's remuneration.

 

4,539,202

 

 

 

 

99.86

 

 

 

 

6,360

 

 

 

 

0.14

 

 

 

 

25.30

 

 

 

 

4,040

 

 

 

 

Resolution 9: To authorise the Directors to allot ordinary shares.

 

4,536,529

 

 

 

99.85

 

 

 

6,619

 

 

 

0.15

 

 

 

25.28

 

 

 

6,454

 

 

 

Resolution 10: To disapply statutory pre-emption rights.*

 

4,526,345

 

 

99.64

 

 

16,241

 

 

0.36

 

 

25.28

 

 

7,016

 

 

Resolution 11: To authorise the Company to purchase its own ordinary shares.*

 

4,038,980

 

 

 

88.92

 

 

 

503,058

 

 

 

11.08

 

 

 

25.28

 

 

 

7,564

 

 

 

Resolution 12: To approve the new Articles of Association for the Company.*

4,527,681

 

99.84

 

7,041

 

0.16

 

25.24

 

 

14,880

 

Resolution 13: To approve the subdivision of the Company's ordinary shares.*

4,537,844

 

 

99.87

 

 

6,048

 

 

0.13

 

 

25.29

 

 

5,710

 

 

 

# issued share capital

*special resolution

 

Notes:

 

1.

All resolutions were passed.

 

2.

Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.

 

3.

Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

 

4.

A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "% of  ISC voted" for any resolution.

 

5.

The number of shares in issue at close of business on 8 September 2021 was 17,968,260 Ordinary Shares in issue of £0.50 each. Each Ordinary Share carries one vote. The total voting rights in the Company as at 8 September 2021 were 17,968,260 votes.

 

6.

The proportion of "ISC voted" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the ISC.

 

7.

The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at

https://montanaro.co.uk/trust/montanaro-european-smaller-companies-trust/ .

 

8.

In accordance with listing rule 9.6.2R, a copy of resolutions 9-13 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

 

 

Link Company Matters Limited

Company Secretary

9 September 2021

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