Result of AGM

Aberforth Smaller Companies Trust plc

Annual General Meeting held on 2 March 2023

The Board of Aberforth Smaller Companies Trust plc hereby reports that all the resolutions proposed at the Annual General Meeting held on 2 March 2023 were passed by Shareholders on a poll.  

The table below shows the results of the poll.

Resolution	Votes For	% Votes For	Votes Against	% Votes Against	Total Votes cast (excluding Votes Withheld)	Votes Withheld
1  That the Report and    Financial Statements for    the year ended 31    December 2022 be    adopted.	52,260,543	95.84%	2,268,467	4.16%	54,529,010	3,649
2  That the Directors’    Remuneration Report for    the year ended 31    December 2022 be    approved.	53,804,899	98.71%	705,899	1.29%	54,510,798	21,861
3  That the Directors’    Remuneration Policy be    approved.	53,799,099	98.69%	713,699	1.31%	54,512,798	19,861
4  That a final dividend of    26.95p per share and a    special dividend of 8.30p    per share be approved.	54,529,596	100.00%	440	0.00%	54,530,036	2,623
5  That Richard Davidson be    re-elected as a Director.	54,356,887	99.71%	157,570	0.29%	54,514,457	18,202
6  That Jaz Bains be elected   as a Director.	54,506,754	99.98%	10,503	0.02%	54,517,257	15,402
7  That Patricia Dimond be    elected as a Director.	54,513,100	99.99%	4,157	0.01%	54,517,257	15,402
8  That Victoria Stewart be    re-elected as a Director.	54,513,300	99.99%	3,957	0.01%	54,517,257	15,402
9  That Martin Warner be   re-elected as a Director.	54,516,300	100.00%	957	0.00%	54,517,257	15,402
10 To appoint Johnston   Carmichael LLP as   Independent Auditor of   the Company to hold   office until the    conclusion of the next    Annual General Meeting    at which the Financial    Statements are laid    before the Company.	54,513,644	99.99%	4,138	0.01%	54,517,782	14,877

11 That the Audit   Committee be    authorised to determine    the remuneration of the    Independent Auditor for    the year to 31 December    2023.	54,527,406	99.99%	3,164	0.01%	54,530,570	2,089
12 That the Company   continues to manage its    affairs as an investment    trust (as defined by   Section 1158 of the    Corporation Taxes Act    2010).	51,299,479	100.00%	1,233	0.00%	51,300,712	3,231,947
13 That the Company be    authorised to buy back    Ordinary Shares.	53,643,924	98.37%	886,846	1.63%	54,530,770	1,889

Notes

1. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
2. Proxy appointments which gave discretion to the Chairman have been included as votes for the resolution.
3. Resolutions 1 to 12 were ordinary resolutions and resolution 13 was a special resolution.
4. The total votes cast represented 63.97% of the 85,249,605 Ordinary Shares in issue at 28 February 2023.

The full text of the resolutions can be found in the Notice of the Annual General Meeting contained in the 2022 Annual Report and Financial Statements which is on the website www.aberforth.co.uk.  The report has been submitted to the National Storage Mechanism and is available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Contact

Michael Campbell, Aberforth Partners LLP, Secretaries

Telephone: [phone]

2 March 2023