Result of AGM

RNS Number : 6608K

Securities Trust of Scotland PLC

19 July 2011

 



Securities Trust of Scotland plc ("the Company")

Results of Annual General Meeting and General Meeting

19 July 2011

At the Annual General Meeting of the Company held on 19 July 2011, all resolutions were duly passed.  Details of the proxy votes received can be found on the Company's website www.securitiestrust.com

A copy of the full text of the special resolutions passed at the Annual General Meeting will be lodged with the National Storage Mechanism and will shortly be available for viewing at www.hemscott.com/nsm.do 

The special resolutions passed were as follows:

1 To authorise the directors to allot equity securities up to a maximum nominal amount of £334,199 (being one third of the issued share capital of the Company).

2 To authorise the directors to disapply pre-emption rights on the allotment of equity securities subject to restrictions.

3 To authorise the Company to buyback shares up to a maximum of 14.99% of the issued share capital.

At the General Meeting of the Company held following the AGM on 19 July 2011, the shareholders passed a resolution to change the investment objective and policy of the Company to achieve rising income and long term capital growth by investing in global equities rather than UK equities.  As a consequence the Company's benchmark will change to the MSCI World High Dividend Yield index.  The changes will take effect from 1 August 2011. 

Tamsin Hooton

Martin Currie Investment Management Limited

Tel [phone]

 

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