Result of AGM

RNS Number : 2562E

Aberdeen Diversified I&G Trust PLC

27 February 2020

 

27 February 2020

ABERDEEN DIVERSIFIED INCOME AND GROWTH TRUST PLC ("the Company")

Result of Annual General Meeting

At the Annual General Meeting ("AGM") of Aberdeen Diversified Income and Growth Trust plc ("the Company") held on 26 February 2020, all resolutions, as set out in the Notice of AGM (the "2020 AGM Notice") included in the Annual Report for the year ended 30 September 2019 ("the 2020 Annual Report") published on 22 January 2020, were passed.  A copy of the 2020 AGM Notice is available at www.aberdeendiversified.co.uk .

In relation to Resolutions 13 and 14 (Authority to Allot Shares or Sell Shares from Treasury and Authority to Allot Shares or Sell Shares from Treasury without Pre-emption), the relevant figure is 32,016,623 Ordinary shares, being 10% of the Ordinary shares in issue, excluding treasury shares, at the date of passing of Resolutions 13 and 14 at the AGM.

In relation to Resolution 15 (Authority to Make Market Purchases of Ordinary shares), the relevant figure is 47,992,919 Ordinary shares, being 14.99% of the Ordinary shares in issue, excluding treasury shares, at the date of passing of Resolution 15 at the AGM.

Changes to the Board

As set out in the 2019 Annual Report, James Long retired as Chairman and as a Director of the Company at the conclusion of the AGM. James is succeeded as Chairman by Davina Walter, who also stepped down from membership of the Audit Committee. Julian Sinclair is appointed Senior Independent Director in succession to Davina Walter.

The total number of proxy votes lodged in favour of the Chairman was as follows:

Resolution	All Ordinary resolutions unless marked otherwise	For and Discretionary		Against		Votes	Total Votes
Number		No. of	% of	No. of	% of	Withheld	(excluding Votes Withheld)
		Votes	Votes Cast	Votes	Votes Cast
1	Receive and adopt the Directors' Report and audited financial statements for the year ended 30 September 2019	74,069,555	100.0	12,209	0.0	75,897	74,081,764
2	Receive and adopt  the Directors' Remuneration Report for the year ended 30 September 2019 (other than the Directors' Remuneration Policy)	72,934,701	98.9	790,707	1.1	428,255	73,725,408
3	Receive and adopt the Directors' Remuneration Policy for the three year period ended 30 September 2022	72,871,959	99.1	692,446	0.9	593,256	73,564,405
4	That Shareholders approve the Company's dividend policy to continue to pay four quarterly interim dividends per year	74,084,231	99.9	53,781	0.1	18,742	74,138,012
5	Elect Trevor Bradley as a Director	73,435,744	99.5	341,568	0.5	380,351	73,777,312
6	Elect Anna Troup as a Director	73,417,805	99.6	288,445	0.4	451,411	73,706,250
7	Re-elect Tom Challenor as a Director	73,308,696	99.4	428,954	0.6	413,349	73,737,650
8	Re-elect Julian Sinclair as a Director	73,247,877	99.3	501,236	0.7	408,549	73,749,113
9	Re-elect Davina Walter as a Director	73,285,403	99.4	457,179	0.6	415,080	73,742,582
10	Appoint PricewaterhouseCoopers LLP as auditor of the Company	73,632,235	99.6	328,078	0.4	197,349	73,960,313
11	Authority to fix the auditor's remuneration	73,859,773	99.8	164,843	0.2	133,046	74,024,616
12	Approve the continuance of the Company as an investment trust	73,786,315	99.7	188,110	0.3	183,238	73,974,425
13	Authority to allot shares	73,661,660	99.6	260,478	0.4	235,524	73,922,138
14	Authority to allot shares without pre-emption (Special resolution)	73,269,827	99.3	519,880	0.7	367,955	73,789,707
15	Approve share buybacks (Special resolution)	73,632,934	99.7	208,689	0.3	316,039	73,841,623
16	Hold meetings on less than 14 days' notice (Special resolution)	71,796,176	97.0	2,202,363	3.0	159,122	73,998,539

Passing of Special Resolutions

Copies of Special Resolutions 14, 15 and 16 passed at the AGM will shortly be submitted to the National Storage Mechanism ("NSM") and will be available for inspection at: www.morningstar.co.uk/uk/nsm*

*Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

Enquiries:

Aberdeen Asset Management PLC

Secretaries

Tel. [phone]

 

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RAGSEIFMMESSEIE