Result of AGM

RNS Number : 7544C

Bankers Investment Trust PLC

24 February 2022

 

HENDERSON INVESTMENT FUNDS LIMITED

THE BANKERS INVESTMENT TRUST PLC

LEGAL ENTITY IDENTIFIER: 213800B9YWXL3X1VMZ69

24 February 2022

THE BANKERS INVESTMENT TRUST PLC

Annual General Meeting of the Company

held on Thursday, 24 February 2022

The Bankers Investment Trust PLC announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a poll. This included the following resolutions:

As Ordinary Resolutions:

-  Resolution 10: to authorise the Directors to allot ordinary shares up to 10% of the issued ordinary share capital;

As Special Resolutions:

-  Resolution 11: to authorise the Directors to allot or to sell from treasury up to 10% of the issued ordinary share capital without first offering them to existing shareholders in accordance with statutory pre-emption procedures;

-  Resolution 12: to authorise the Company to make market purchases of the Company's ordinary shares up to 14.99% of its issued ordinary share capital; and

-  Resolution 13: to authorise that a General Meeting other than an Annual General Meeting may be held on not less than 14 clear days' notice.

The full text of the resolutions can be found in the circular to shareholders dated 17 January 2022 which can be viewed on the Company's website at:  www.bankersinvestmenttrust.com

The poll results were as follows:

Resolutions	Number of Votes FOR (including at Chair's discretion)	% of votes FOR	Number of Votes AGAINST	% of votes AGAINST	Total votes cast	Votes cast (excluding votes withheld) as a percentage of total voting rights	Number of votes withheld
1 To receive the annual report and the audited financial statements for the year ended 31 October 2021	347,567,266	100.00%	14,650	0.00%	347,581,916	26.47%	976,505
2 To approve the Directors' Remuneration Report for the year ended 31 October 2021	344,091,547	99.48%	1,788,617	0.52%	345,880,164	26.34%	2,678,257
3 To approve the final dividend of 0.55p per share	347,634,227	100.00%	8,780	0.00%	347,643,007	26.48%	915,414
4 To re-appoint Julian Chillingworth as a Director	319,394,480	92.09%	27,449,985	7.91%	346,844,465	26.41%	1,713,956
5 To re-appoint Isobel Sharp as a Director	340,385,622	98.13%	6,469,394	1.87%	346,855,016	26.42%	1,703,405
6 To re-appoint Richard West as a Director	340,296,922	98.11%	6,569,662	1.89%	346,866,584	26.42%	1,691,837
7 To appoint Simon Miller as a Director	345,004,352	99.52%	1,674,685	0.48%	346,679,037	26.40%	1,879,384
8 To re-appoint Ernst & Young LLP as statutory Auditor	345,966,028	99.66%	1,195,018	0.34%	347,161,046	26.44%	1,397,375
9 To authorise the Audit Committee to determine the Auditor's remuneration	346,806,088	99.87%	436,073	0.13%	347,242,161	26.45%	1,316,260
10 To give Directors authority to allot ordinary shares	346,321,688	99.78%	776,148	0.22%	347,097,836	26.43%	1,460,585
11 To give Directors authority to disapply pre-emption rights on allotment or sale of ordinary shares*	344,249,918	99.49%	1,774,801	0.51%	346,024,719	26.35%	2,533,702
12 To give the Company authority to make market purchases of ordinary shares in the capital of the Company*	345,795,267	99.67%	1,151,779	0.33%	346,947,046	26.42%	1,611,375
13 To approve that a general meeting may be called on not less than 14 clear days' notice*	344,018,712	99.12%	3,047,098	0.88%	347,065,810	26.43%	1,492,611

* Special resolution.

For the purposes of section 341 of the Companies Act 2006, the votes validly cast are expressed in the table above as a percentage of the Company's total voting rights as at the close of business on 22 February 2022 (1,313,071,076) being the time at which a shareholder had to be registered in the register of members in order to vote at the Annual General Meeting.  A vote "withheld" is not a vote in law and has not been counted as a vote "for" or "against" a resolution.

The number of ordinary shares in issue in the Company at the date of this announcement is 1,315,102,830.

A copy of the poll results will shortly be available on the Company's website at:

www.bankersinvestmenttrust.com

A copy of the special business resolutions will be submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

The Company also announces that from the conclusion of today's Annual General Meeting, Sue Inglis retired from the Board and Simon Miller, who was appointed to the Board on 1 January 2022, has succeeded Sue as Chair of the Board.

For further information please contact:

Alex Crooke

Fund Manager

The Bankers Investment Trust PLC

Telephone: [phone]

James de Sausmarez

Director and Head of Investment Trusts

Janus Henderson Investors

Telephone: [phone]

Harriet Hall

PR Manager

Janus Henderson Investors

Telephone: [phone]

 

END

 

 

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