Result of AGM

Witan Investment Trust PLC

01 May 2024

 

WITAN INVESTMENT TRUST PLC

1 MAY 2024

Annual General Meeting Held On Wednesday 1 May 2024

Witan Investment Trust plc (the 'Company') hereby gives notification that, at the Annual General Meeting of the Company held on Wednesday, 1 May 2024, all the resolutions, as set out in full in the notice of meeting dated 2 April 2024, were duly passed.  The resolutions in respect of special business were duly passed as follows:

1.       That the dividend policy of the Company 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 £3,042,188.

4.       That the Company be authorised to make market purchases of its own ordinary shares up to a maximum of 91,204,814 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 resolutions 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.

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 2023	112,919,913	80,377	94,319	113,000,290
2	To receive and approve the Directors' Remuneration Report for the year ended 31 December 2023, other than the part containing the Directors' Remuneration Policy	101,335,964	11,009,854	729,241	112,345,818
3	To amend the Company's Remuneration Policy to provide for the deferred element of any bonus awarded 1 January 2024 by reference to the net asset value total return of the Company's shares, subject to the existing provisions for malus and clawback	100,993,051	11,098,738	983,543	112,091,789
4	To re-elect Mr A J Ross as a director of the Company	109,134,470	3,242,979	717,160	112,377,449
5	To re-elect Mrs R A Beagles as a director of the Company	111,946,229	713,742	434,638	112,659,971
6	To re-elect Mr A L C Bell as a director of the Company	111,436,498	1,170,151	487,960	112,606,649
7	To re-elect Ms S L Bevan as a director of the Company	111,641,517	759,425	693,667	112,400,942
8	To re-elect Mr J S Perry as a director of the Company	111,956,566	664,609	473,434	112,621,175
9	To re-elect B C Rogoff as a director of the Company	112,100,637	517,676	476,296	112,618,313
10	To re-elect P T Yates as a director of the Company	98,016,361	14,583,087	495,161	112,599,448
11	To re-elect Dr S M Yogendra as a director of the Company	104,201,580	567,728	8,326,301	104,769,308
12	To re-appoint Grant Thornton UK LLP as Auditor of the Company	112,098,493	752,917	238,199	112,851,410
13	To authorise the Audit & Risk Committee to determine the remuneration of the Auditor	112,544,517	326,870	224,222	112,871,387
14	To approve the dividend policy of the Company	112,382,520	422,249	290,840	112,804,769
15	To authorise the directors to allot ordinary shares	111,946,616	887,013	261,980	112,833,629
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	111,416,294	1,121,337	557,978	112,537,631
17	*To authorise the Company to make market purchases of its own ordinary shares	106,211,392	6,638,086	246,131	112,849,478
18	*To authorise the Company to make market purchases of its own preference shares	111,170,620	1,551,710	373,279	112,722,330
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	111,236,489	1,655,217	203,903	112,891,706

* Special Resolutions

The number of ordinary shares of 5p each in issue as at 6.30 pm on Monday 29 April 2024, the closing date for the receipt of proxies, was 608,702,720 (excluding 391,652,280 shares held in treasury).  Each share has one vote. A vote withheld is not counted towards the votes "For" or "Against" a resolution.

-  ENDS -

For further information please contact:

Andrew Bell

Chief Executive Officer

Witan Investment Trust plc

Telephone:  [phone]

 

END