Result of AGM

RNS Number : 3990B

CT Global Managed Portfolio Trust

30 September 2022

 

To:  RNS

Date:  30 September 2022

Company:  CT Global Managed Portfolio Trust PLC

LEI:   213800ZA6TW45NM9YY31

Subject: Result of Annual General Meeting

CT Global Managed Portfolio Trust PLC (the "Company") announces that, at the Annual General Meeting held on 29 September 2022, a poll was held on each of the resolutions and all 13 resolutions proposed were duly passed, including those detailed below:

· An ordinary resolution authorising the Directors' to allot new Income shares up to an aggregate nominal amount of £921,933.02 (consisting of 9,707,000 Income shares) and new Growth shares up to an aggregate nominal amount of £741,763.35 (consisting of 7,810,000 Growth shares), being approximately 20% of the Company's total issued Income shares and approximately 20% of the Company's total issued Growth shares respectively (excluding shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier, unless previously revoked, varied or extended by the Company in general meeting.

· A special resolution authorising the Directors' to allot new Income shares, or resell Income shares held in treasury, up to an aggregate nominal amount of £460,966.51 (consisting of 4,853,500 Income shares) and allot new Growth shares or resell Growth shares held in treasury, up to an aggregate nominal amount of £370,881.67 (consisting of 3,905,000 Growth shares) being approximately 10% of the Company's total issued Income shares and approximately 10% of the Company's total issued Growth shares respectively (including shares held in treasury) for cash without first offering such shares to existing shareholders pro rata to their existing holdings. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier unless previously varied, revoked or renewed by the Company in general meeting.

· A special resolution providing the Directors' with additional authority to allot further new Income shares or resell Income shares held in treasury up to an aggregate nominal amount of £460,966.51 (consisting of 4,853,500 Income shares) and allot further new Growth shares or resell Growth shares held in treasury, up to an aggregate nominal amount of £370,881.67 (consisting of  3,905,000 Growth shares) being approximately 10% of the Company's total issued Income shares and approximately 10% of the Company's total issued Growth shares respectively (including shares held in treasury) for cash without first offering such shares to existing shareholders pro rata to their existing holdings. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier unless previously varied, revoked or renewed by the Company in general meeting.

· A special resolution renewing the Directors' authority to make market purchases of up to 7,275,000 Income shares and 5,853,000 Growth shares being approximately 14.99% of the issued Income shares and 14.99% of the issued Growth shares (excluding Income shares and Growth shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting or on 29 December 2023, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.

· A special resolution to approve the proposed Purchase Contract to enable the Company to make off-market purchases of its own deferred shares.

  The results of the poll were as follows:

		For and Discretionary		Against		Withheld	Total Votes (excluding Votes Withheld)
	Resolution	No of Votes	% of Votes Cast	No of Votes	% of Votes Cast	No of Votes
1	Receive Annual Report & Financial Statements for the year to 31 May 2022	41,702,428	100.0%	2,881	0.0%	2,357,569	41,705,309
2	Approve Directors' Remuneration Report for the year to 31 May 2022	34,752,373	92.0%	3,042,071	8.0%	6,268,434	37,794,444
3	To elect Shauna L. Bevan as a Director	38,112,914	97.6%	935,966	2.4%	5,013,995	39,048,880
4	To re-elect Sue P. Inglis as a Director	37,541,954	96.1%	1,518,798	3.9%	5,002,125	39,060,752
5	To re-elect Simon M. Longfellow as a Director	38,404,380	97.4%	1,027,138	2.6%	4,631,358	39,431,518
6	To re-elect David Warnock as a Director	38,535,118	97.8%	883,485	2.2%	4,644,276	39,418,603
7	To re-appoint KPMG LLP as Auditor and authority to determine its remuneration	37,638,980	95.1%	1,926,749	4.9%	4,497,149	39,565,729
8	Approval of the Company's dividend policy	40,263,671	99.2%	310,770	0.8%	3,488,439	40,574,441
9	Authorise the Directors to allot shares	39,473,910	98.7%	534,106	1.3%	4,054,863	40,008,016
10	Authorise the Directors to allot shares and sell treasury shares without pre-emption rights	37,348,411	97.3%	1,031,291	2.7%	5,683,179	38,379,702
11	Authorise the Directors to allot additional shares and sell treasury shares without pre-emption rights	37,149,811	97.0%	1,154,257	3.0%	5,758,813	38,304,068
12	Authorise the Company to purchase own shares	39,371,563	99.2%	310,404	0.8%	4,380,912	39,681,967
13	Approval of Proposed purchase contract	35,863,878	97.2%	1,042,620	2.8%	7,156,382	36,906,498

The full text of all the resolutions can be found in the Notice of Annual General Meeting set out in the Annual Report and Financial Statements for the year ended 31 May 2022 which was submitted to the National Storage Mechanism on 17 August 2022 and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website www.ctglobalmanagedportfolio.co.uk

Under the Articles of Association, at a general meeting on a poll, each Income shareholder and each Growth shareholder is entitled to a weighted vote determined in accordance with the underlying NAV of the relevant share class. The related share voting numbers for this meeting were 1.31 and 2.45 for the Income shares and Growth shares respectively.

At the time of the meeting the Company's issued share capital consists of 48,862,165 Income shares and 39,050,148 Growth shares with voting rights. Based on the share voting numbers determined for this meeting, the total voting rights applicable to the poll on the above resolutions were 159,682,299

For further information please contact:

Columbia Threadneedle Investment Business Limited 

Company Secretary

Telephone: [phone]

 

END

 

 

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