AGM Statement

RNS Number : 2288M

Mercantile Investment Trust(The)PLC

19 May 2010

 



LONDON STOCK EXCHANGE ANNOUNCEMENT

THE MERCANTILE INVESTMENT TRUST PLC

Following the Annual General Meeting of the Company, which was held today, the Board is pleased to announce that all of the resolutions put to shareholders were passed, including five items of Special Business which:

Allow the Company to allot new shares up to an aggregate nominal amount of £2,498,217.75, provided that this authority shall expire on 18^th May 2015 unless renewed at a general meeting prior to such time;

Allow the disapplication of pre-emption rights on allotment of relevant securities for cash up to an aggregate nominal amount of £2,498,217.75, provided that this authority shall expire upon the expire of the general authority conferred above;

Allow the Company to make market purchases of up to 14,770,030 ordinary shares, representing 14.99% of the Company's issued share capital.

Allow the amendment of the Articles of Association;

Allow the increase of maximum aggregate Directors' fees from £200,000 pa to £300,000 pa.

Two copies of the full text of these resolutions have been filed with the UK Listing Authority and are available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at: 

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

19^th May 2010

For further information, please contact:

Juliet Dearlove

For and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

020 7742 6000

 

END

 

 

AGMUKVVRRBAVAAR