Result of AGM

Global Smaller Cos. Trust PLC (The)

13 August 2024

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

THE GLOBAL SMALLER COMPANIES TRUST PLC

(the 'Company')

Results of Annual General Meeting

LEI: 2138008RRULYQP8VP386

Information disclosed in accordance with LR 6.4.13

The Global Smaller Companies Trust PLC announces that, at the Annual General Meeting held on 13 August 2024, a poll was held on each of the 15 resolutions proposed and all were duly passed, including those detailed below:

i)     An ordinary resolution giving the Directors of the Company authority to exercise all the powers of the Company to allot ordinary shares of 2.5 pence each in the capital of the Company, up to an aggregate nominal amount of £1,218,345.68 (representing approximately 10% of the Company's issued share capital (excluding treasury shares) as at 20 June 2024). This authority will expire at the conclusion of the AGM of the Company in 2025 or on the date which is 15 months after the date on which this resolution was passed (whichever is earlier), unless previously revoked, varied or extended by the Company in a general meeting;

ii)    A special resolution to empower the Directors to allot equity securities for cash and to sell treasury shares for cash without first offering them to existing shareholders in proportion to their holdings up to an aggregate nominal amount of £1,218,345.68 representing approximately 10% of the Company's issued share capital (excluding treasury shares) as at 20 June 2024. This authority will expire at the conclusion of the next AGM of the Company held after the passing of this resolution or, if earlier, on the date which is 15 months after the date on which this resolution was passed, (unless previously renewed, varied or revoked by the Company in a general meeting;

iii)   A special resolution authorising the Company to make market purchases of up to 71,834,793 ordinary shares, representing 14.99% of the Company's issued ordinary share capital (excluding ordinary shares held in treasury) immediately prior to the passing of this resolution. This authority will expire at the conclusion of the next AGM of the Company held after the passing of this resolution or on the date which is 15 months after the date on which this resolution was passed (whichever is earlier), unless such authority is varied, revoked or renewed prior to such time by the Company in general meeting;

iv)  A special resolution authorising the Company to hold general meetings (other than annual general meetings) on 14 clear days' notice, such authority to expire at the conclusion of the next annual general meeting of the Company. 

The results of the poll were as follows:

		For		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 and adopt the audited financial statements for the year to 30 April 2024	288,763,887	99.65%	1,012,428	0.35%	1,977,850	289,776,315
2	Approve the Directors' Remuneration Policy	254,989,367	92.32%	21,216,149	7.68%	15,548,649	276,205,516
3	Receive, adopt and approve the Directors' Remuneration Report for the year to 30 April 2024	262,137,412	93.66%	17,756,935	6.34%	11,859,818	279,894,347
4	To declare a final dividend	288,723,124	99.60%	1,146,616	0.40%	1,884,425	289,869,740
5	To re-elect A Balfour as a Director	272,640,518	96.78%	9,074,686	3.22%	10,038,961	281,715,204
6	To re-elect N Bannerman as a Director	277,613,762	97.79%	6,272,907	2.21%	7,867,496	283,886,669
7	To elect B Barrett as a Director	275,014,862	97.55%	6,912,671	2.45%	9,826,632	281,927,533
8	To elect R Grewal as a Director	275,660,683	97.31%	7,619,972	2.69%	8,473,510	283,280,655
9	To re-elect G Oldroyd as a Director	277,963,718	97.64%	6,709,586	2.36%	7,080,861	284,673,304
10	To re-appoint BDO LLP as Auditor	277,724,632	97.31%	7,671,794	2.69%	6,357,739	285,396,426
11	Authority to determine the remuneration of the Auditor	276,885,985	97.26%	7,806,194	2.74%	7,061,986	284,692,179
12	Authorise the Directors to allot shares	276,531,203	96.38%	10,396,929	3.62%	4,826,033	286,928,132
13	Authority to allot shares/sell treasury shares without pre-emption rights	259,847,613	92.94%	19,733,105	7.06%	12,170,677	279,580,718
14	Authority to purchase own shares	274,494,181	95.85%	11,889,943	4.15%	5,370,041	286,384,124
15	General meeting notice period	279,983,508	97.43%	7,370,768	2.57%	4,399,889	287,354,276

The full text of all the resolutions can be found in the Notice of Annual General Meeting set out in Annual Report and Financial Statements for the year ended 30 April 2024, which was submitted to the National Storage Mechanism on 28 June 2024 and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website globalsmallercompanies.co.uk

A copy of the poll results will also be available on the Company's website.

13 August 2024

For further information please contact:

Columbia Threadneedle Investment Business Limited

Company Secretary

Telephone: [phone]

 

END