Result of AGM

RNS Number : 5362G

Pacific Horizon Investment Tst PLC

06 November 2018

 

PACIFIC HORIZON INVESTMENT TRUST PLC

Legal Entity Identifier: VLGEI9B8R0REWKB0LN95

Annual General Meeting

6 November 2018

 At the Annual General Meeting held on 6 November 2018 all resolutions were passed, including those detailed below:

·    Shareholders approved an ordinary resolution renewing the Directors' general authority to issue shares up to an aggregate nominal value of £583,272.82 (representing approximately 10% of the Company's total issued share capital as at 17 September 2018) and a special resolution to renew the Directors' authority to allot a limited number of shares for cash on a non pre-emptive basis again up to an aggregate nominal value of £583,272.82. Both authorities will expire at the conclusion of the annual general meeting of the Company to be held in 2019 or on 6 February 2020 whichever is the earlier, unless previously varied, revoked or renewed.

·    Shareholders approved a special resolution renewing the Company's authority to make market purchases of up to 14.99% of the Company's issued share capital, being 8,743,259 ordinary shares of 10p. The Company's authority permits it to hold shares bought back "in treasury". Such treasury shares may subsequently be either sold for cash or cancelled. The authority will expire at the conclusion of the annual general meeting of the Company to be held in 2019, unless previously varied, revoked or renewed.

·    Shareholders approved under Special Business a special resolution that the Directors be authorised to make market purchases of its ordinary shares pursuant to a conditional Tender Offer. The authority will expire at the conclusion of the Annual General Meeting of the Company to be held in 2019.

·    Shareholders approved under Special Business an ordinary resolution to amend the Company's investment policy to stipulate that the maximum amount which may be invested in companies not listed on a public market shall not exceed 10 per cent of the total assets of the Company, measured at the time of purchase.

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Financial Statements which is available for viewing at the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM.

Baillie Gifford & Co Limited

Company Secretaries

6 November 2018

Regulated Information Classification: Additional regulated information required to be disclosed under the laws of a Member State of the EU.

 

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