Result of AGM

Montanaro European Smaller C.TstPLC

05 September 2024

 

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, 5 September 2024, the Company is pleased to announce that all resolutions put to shareholders were duly passed on a vote taken by poll. 

Valid proxy votes received were as follows:

ORDINARY RESOLUTIONS	For	%	Against	%	% Of ISC# Voted	Votes Withheld
Resolution 1: To receive the annual report and audited financial statements for the year ended 31 March 2024.	53,467,987	99.94	11,886	0.02	28.25	5,364
Resolution 2: To approve the Directors' Remuneration Report.	53,244,277	99.61	188,599	0.35	28.25	52,361
Resolution 3: To approve the final dividend.	53,466,487	99.94	11,886	0.02	28.25	6,864
Resolution 4: To re-elect Richard Curling as a Director of the Company.	50,323,847	94.14	3,113,032	5.82	28.25	48,358
Resolution 5: To re-elect Caroline Roxburgh as a Director of the Company.	50,371,562	94.23	3,065,317	5.73	28.25	48,358
Resolution 6: To re-elect Gordon Neilly as a Director of the Company.	52,375,219	97.98	1,061,660	1.99	28.25	48,358
Resolution 7: To re-appoint PWC LLP as Auditor to the Company.	51,374,459	96.07	2,080,612	3.89	28.25	30,166
Resolution 8: To authorise the Directors to determine the Auditor's remuneration.	53,421,006	99.90	33,078	0.06	28.25	31,153
Resolution 9: To authorise the Directors to allot ordinary shares.	53,387,058	99.81	70,935	0.13	28.25	17,664
SPECIAL RESOLUTIONS
Resolution 10 To disapply statutory pre-emption rights.	53,046,585	99.18	418,988	0.78	28.25	19,664
Resolution 11 To authorise the Company to purchase its own ordinary shares.	53,441,560	99.90	34,204	0.06	28.25	9,473

# issued share capital

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 "ISC voted" for any resolution.
5.	The number of shares in issue at close of business on 4 September 2024 was 189,427,600 ordinary shares, carrying one vote each. The Company did not hold any shares in treasury and therefore the number of total voting rights as at the date of the AGM was 189,427,600.
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 Issued Share Capital.
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 10 - 12 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.

Juniper Partners Limited

Company Secretary

5 September 2024

 

END