Results of Annual General Meeting

RNS Number : 1735M

Montanaro European Smaller C.TstPLC

12 September 2019

 

Montanaro European Smaller Companies Trust plc

(the "Company'')

LEI: 213800CWSC5B8BG3RS21

Results of Annual General Meeting

The Company announces that all of the resolutions put to the shareholders at the Company's Annual General Meeting held earlier today, Thursday 12 September 2019 were duly passed on a show of hands.

Resolutions 1 to 9 related to ordinary business. Resolutions 10 and 11 related to special business, as set out below:

·    Resolution 10 - renewal of the Directors' authority to allot new Ordinary Shares for cash and to sell treasury shares, other than on a pre-emptive basis, up to an aggregate nominal amount of £836,500, representing an amount equal to approximately 9.6% of the Company's total issued share capital (including shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting to be held in 2020 or, if earlier, on 30 September 2020, unless previously renewed, varied or revoked by the Company in general meeting.

·    Resolution 11 - renewal of the Directors' authority to make market purchases of up to 2,508,315 Ordinary Shares being approximately 14.99% of the Company's total issued share capital (excluding shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting to be held in 2020 or, if earlier, on 30 September 2020, unless previously renewed, varied or revoked by the Company in general meeting

The full text of the resolutions can be found in the Notice of Annual General Meeting set out in the Annual Report and Accounts of the Company for the year ended 31 March 2019, which has been submitted to the National Storage Mechanism and is available for inspection at www.morningstar.co.uk/uk/nsm or on the Company's website www.montanaro.co.uk.

A summary of the proxy votes received will also shortly be available on the Company's website www.montanaro.co.uk.

Contact details for enquiries:

Anne-Marie Wells

Link Company Matters Limited

Company Secretary

020 7954 9685

[e-mail]

 

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