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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