Result of AGM

RNS Number : 4721G

Gresham House Strategic PLC

26 July 2021

 

26 July 2021

GRESHAM HOUSE STRATEGIC PLC

(The "Company")

Results of Annual General Meeting

The Company announces that at its Annual General Meeting ("AGM") held earlier today, all the resolutions put to Shareholders were passed by the requisite majority. Resolutions 1 to 8 and 11 were passed as ordinary resolutions and Resolutions 9 and 10 were passed as special resolutions.

Further to the announcement made by the company on 24 May 2021, a strategic review is underway, and the company has appointed Smith Square Partners to support the process.  Shareholders will be updated in due course on the output of this review.

In addition, following David Potter's resignation, the Board is working to appoint a new Chairman Designate.  Initial interviews have been held and the Board expects to be able to update on the proposed appointment by September.

The results of the proxy votes received were as follows:

Resolution	For	%	Against	%	Withheld
1.  To receive the annual report and accounts for the year ended 31 March 2021.	1,630,001	100	0	0	0
2.  Declare a final dividend of 15.36p per share.	1,630,001	100	0	0	0
3.  To re-elect Charles Berry as a director.	1,393,093	98.70	18,380	1.30	218,528
4.  To re-elect Ken Lever as a director.	1,628,900	99.99	101	0.01	1,000
5.  To re-elect Helen Sinclair as a director.	1,628,992	99.99	9	0.01	1,000
6.  To elect Graham Bird as a director.	1,388,457	98.37	23,016	1.63	218,528
7.  To re-appoint BDO (UK) LLP as auditor and authorise the determination of their fees.	1,628,996	99.99	5	0.01	1,000
8.  To authorise the Directors to allot shares.	1,629,425	99.96	576	0.04	0
9.  To authorise the Directors to disapply pre-emption rights.	1,624,783	99.68	5,218	0.32	0
10.  To authorise the Company to purchase its own shares.	1,630,001	100	0	0	0
11.  Directors to not allot any equity securities at a price less than net asset value per share.	1,629,999	99.99	2	0.01	0

Notes:

1.  Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" total.

2.  Votes "For" and "Against" any resolution are expressed as a percentage (rounded to two decimal places) of votes validly cast for that resolution.

3.  A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

4.  The Company's total ordinary shares in issue (total voting rights) as at 26 July 2021 was 3,480,884 ordinary shares of 50 pence each. Ordinary shareholders are entitled to one vote per ordinary share held.

For further information, please contact:

Gresham House Strategic plc Interim Chairman	Helen Sinclair	020 3995 6699
Gresham House Asset Management Ltd Fund Managers	Laurence Hulse Anthony Dalwood	020 3837 6278 020 3837 6278
finnCap Nominated Adviser Joint Broker	William Marle Mark Whitfield	0207 220 0500 0207 220 0500
Panmure Gordon (UK) Limited Joint Broker	Tom Scrivens Michael Bateman	020 7886 2500
KL Communications PR	Charles Gorman Will Sanderson Millie Steyn	020 3995 6699

 

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