Result of AGM

RNS Number : 7953U

Montanaro UK Smlr Cos Inv Tst PLC

31 July 2020

 

Montanaro UK Smaller Companies Investment Trust PLC

("the Company")

LEI: 213800UDDXXTXIF29P85

Results of Annual General Meeting

Following the Annual General Meeting (the "AGM") which was held today, 31 July 2020, 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 and accept the Annual Report and Accounts.	84,965,824	99.98	12,897	0.02	50.77	2,582
Resolution 2: To approve the Directors' Remuneration Report.	84,906,854	99.95	44,569	0.05	50.75	29,880
Resolution 3: To approve the Company's dividend policy to continue to pay four quarterly interim dividends.	84,970,798	100	0	0	50.77	10,505
Resolution 4: To re-elect Arthur Copple as a Director of the Company.	81,556,095	96.04	3,361,847	3.96	50.73	63,360
Resolution 5: To re-elect James Robinson as a Director of the Company.	84,917,943	100	0	0	50.73	63,360
Resolution 6: To elect Catriona Hoare as a Director of the Company.	84,943,283	100	0	0	50.75	38,020
Resolution 7: To appoint BDO LLP as Auditor to the Company.	84,937,737	99.98	18,443	0.02	50.76	25,123
Resolution 8: To authorise the Audit and Management Engagement Committee to determine the Auditor's remuneration.	84,940,701	99.98	15,479	0.02	50.76	25,123
Resolution 9: To authorise the Directors to allot ordinary shares.	84,955,319	100	0	0	50.76	25,984
Resolution 10: To disapply statutory pre-emption rights.*	81,093,500	95.96	3,410,008	4.04	50.49	477,794
Resolution 11: To authorise the Company to purchase its own ordinary shares.*	76,711,756	90.28	8,259,041	9.72	50.77	10,505

^# 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 "ISC voted" for any resolution.
5.	The number of shares in issue at the close of business on 30 July 2020 was 167,379,790 ordinary shares, carrying one vote each. Therefore, the total voting rights in the Company are 167,379,790.
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-uk-smaller-companies-investment-trust/ .
8.	In accordance with listing rule 9.6.2R, a copy of resolutions 9-11 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

31 July 2020

 

END

 

 

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