Result of AGM

Witan Investment Trust PLC

04 May 2023

 

WITAN INVESTMENT TRUST PLC

4 MAY 2023

Annual General Meeting Held On THURSDAY 4 MAY 2023

Witan Investment Trust plc (the 'Company') hereby gives notification that, at the Annual General Meeting of the Company held on Thursday, 4 May 2023, all the resolutions, as set out in full in the notice of meeting dated 31 March 2023, were duly passed.  The resolutions in respect of special business were duly passed as follows:

1.       That the dividend policy of the Company as set out in the Annual Report for the year ended 31 December 2022 be approved.

2.       That the directors be authorised to allot ordinary shares.

3.       That the directors be authorised to disapply pre-emption rights on the allotment or sale from treasury of equity securities up to a nominal amount of £3,303,146.

4.       That the Company be authorised to make market purchases of its own ordinary shares up to a maximum of 99,028,329 ordinary shares, being 14.99% of the ordinary shares of 5 pence each in issue.

5.       That the Company be authorised to make market purchases of its own preference shares up to a maximum of 2,055,000 of the 3.4% cumulative preferences shares and 500,000 of the 2.7% cumulative preference shares (being 100% of the preference shares).

6.       That any general meeting of the Company (other than the Annual General Meeting) may be called on not less than 14 clear days' notice.

The resolutions were all passed on a show of hands. 

A copy of the full text of the resolutions in respect of special business passed at the Annual General Meeting will be lodged with the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Suzy Neubert, non-executive director and Senior Independent Director, retired from the Board at the conclusion of the Annual General Meeting.  Rachel Beagles has been appointed as Senior Independent Director with immediate effect. 

The results of the proxy voting were as follows:

Resol-ution	Description	Votes For	Votes Against	Votes withheld	Total votes cast (excluding votes withheld)
1	To receive the Annual Report for the year ended 31 December 2022	115,535,362	75,849	282,879	115,611,211
2	To receive and approve the Directors' Remuneration Report for the year ended 31 December 2022, other than the part containing the Directors' Remuneration Policy.	100,378,634	14,670,866	844,590	115,049,500
3	To elect Ms S L Bevan as a director of the Company	114,644,243	413,588	836,259	115,057,831
4	To elect Dr S M Yogendra as a director of the Company	114,423,655	646,668	823,767	115,070,323
5	To re-elect Mr A J Ross as a director of the Company	114,590,290	546,318	757,482	115,136,608
6	To re-elect Mrs R A Beagles as a director of the Company	114,592,888	594,033	707,169	115,186,921
7	To re-elect Mr A L C Bell as a director of the Company	114,526,903	664,610	702,577	115,191,513
8	To re-elect Mrs G M Boyle as a director of the Company	114,605,251	552,812	736,027	115,158,063
9	To re-elect Mr J S Perry as a director of the Company	114,006,741	1,140,313	739,311	115,147,054
10	To re-elect Mr B C Rogoff as a director of the Company	114,595,043	518,735	747,587	115,113,778
11	To re-elect Mr P T Yates as a director of the Company	101,314,568	13,822,495	757,027	115,137,063
12	To re-appoint Grant Thornton UK LLP as Auditor of the Company	114,523,805	766,559	603,726	115,290,364
13	To authorise the Audit & Risk Committee to determine the remuneration of the Auditor	115,168,707	362,417	362,966	115,531,124
SPECIAL BUSINESS (*Special Resolutions)
14	To approve the dividend policy of the Company	115,267,350	262,666	364,074	115,530,016
15	To authorise the directors to allot ordinary shares	114,479,162	645,842	769,086	115,125,004
16	*To authorise the directors to allot equity securities for cash and to sell shares held by the Company as treasury shares on a non pre-emptive basis	114,258,390	914,323	721,377	115,172,713
17	*To authorise the Company to make market purchases of its own ordinary shares	107,163,013	8,163,179	567,898	115,326,192
18	*To authorise the Company to make market purchases of its own preference shares	107,897,174	7,373,117	623,799	115,270,291
19	*That any general meeting of the Company other than the Annual General Meeting may be called on not less than 14 clear days' notice	114,451,759	1,001,659	440,672	115,453,418

The number of ordinary shares of 5p each in issue as at 6.30 pm on Tuesday 2 May 2023, the closing date for the receipt of proxies, was 660,934,298 (excluding 339,420,702 shares held in treasury).  Each share has one vote. A vote withheld is not counted towards the votes "For" or "Against" a resolution.

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For further information please contact:

Andrew Bell

Chief Executive Officer

Witan Investment Trust plc

Telephone:  [phone]

 

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