Result of AGM

RNS Number : 0362A

Securities Trust of Scotland PLC

24 September 2020

 

Securities Trust of Scotland plc ("the Company")

Legal Entity Identifier: 549300UZ1Y7PPQYJGE19

Results of Annual General Meeting

The Annual General Meeting of the Company was held at 12:30pm today, 24 September 2020.  

The Ordinary Resolutions numbered 1 to 11 and the Special Resolutions 12 and 13, as set out in the Notice of Meeting, were passed on a poll.  The total number of proxy votes cast in relation to each Resolution was as follows:

	In Favour		Discretionary		Against		Abstained
Resolution	Votes	%	Votes	%	Votes	%
1  To receive the directors' report and the financial statements for the year ended 31 March 2020	29,015,910	99.19	125,735	0.43	110,561	0.38	103,841
2  To approve the directors' remuneration report for the year ended 31 March 2020	28,801,508	99.19	125,735	0.43	110,561	0.38	58,034
3 To approve the directors' remuneration policy	28,847,315	98.84	125,735	0.43	212,764	0.73	7,018
4  To approve the dividend policy	28,796,128	99.36	125,735	0.43	59,175	0.20	20,914
5  To re-elect John Evans as a director	28,935,821	99.35	125,735	0.43	62,175	0.21	12,247
6  To re-elect Angus Gordon Lennox as a director	28,941,488	99.33	125,735	0.43	72,824	0.25	12,247
7 To re-elect Sarah Harvey as a director	28,930,839	99.36	125,735	0.43	59,175	0.20	12,247
8  To re-elect Mark Little as a director	28,944,488	99.39	125,735	0.43	52,939	0.18	33,934
9  To re-appoint Ernst & Young LLP as auditors	28,919,037	99.37	135,735	0.47	47,030	0.16	23,667
10  To authorise the directors to fix the remuneration of the auditors for the year ending 31 March 2021	28,945,213	99.00	125,735	0.43	167,766	0.57	15,170
11  To give authority to allot shares	28,819,274	98.11	139,435	0.48	119,203	0.41	18,794
12  To give authority to disapply pre-emption rights	28,874,245	98.68	129,403	0.44	255,995	0.87	17,656
13  To give authority for share buybacks	28,738,591	99.17	129,403	0.44	110,561	0.38	103,841

The full text of the resolutions can be found in the Notice of Meeting set out in the Annual Report and Accounts for the year ended 31 March 2020, copies of which are available on the Company's website www.securitiestrust.com  

Copies of the special resolutions have been submitted to the National Storage Mechanism and will shortly be available for inspection.

Martin Currie Investment Management Limited.  Telephone - 0131 229 4697

 

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