Result of EGM

RNS Number : 2646Z

Glasgow Income Trust PLC

17 September 2009

 



Glasgow Income Trust plc

17 September 2009

Result of EGM

Further to the announcements made on 29 July and 24 August 2009 and to the circular issued by the Company on 24 August 2009 regarding the Board's proposals for the future of the Company, the Directors are pleased to announce that at the Extraordinary General Meeting held earlier today each of the ordinary and special resolutions proposed to Shareholders was passed; more specifically being resolutions (1) to approve and adopt the new investment policy of the Company; (2) to increase the authorised share capital of the Company to £100,000,000 by the creation of an additional 200,000,000 ordinary shares of 25p each; (3) to give the Directors authority to allot new shares up to an aggregate nominal amount of £69,514,370.75; (4) to disapply rights of pre-emption in relation to the allotment of shares up to an aggregate nominal amount of £69,646,617; (5) to amend the articles of association of the Company to take account of the implementation on 1 October 2009 of the remaining provisions of the Companies Act 2006; and (6) to authorise the Company to hold general meetings (other than annual general meetings) on 14 clear days' notice.

	FOR/ DISCRETION	AGAINST	TOTAL
Resolution Number	No. of Votes	No. of Votes	No. of Votes
1	39,842,150	271,758	40,113,908
2	32,343,710	7,752,277	40,095,987
3	31,947,538	8,239,720	40,187,258
4	31,619,453	8,550,384	40,169,837
5	39,834,169	268,689	40,102,858
6	39,938,087	349,921	40,288,008

Copies of those resolutions have been submitted to the UK Listing Authority and will shortly be 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

Tel: [phone]

Enquiries

All enquiries

Francis Brooke

Troy Asset Management Ltd

Tel: [phone]

Douglas Armstrong

Dickson Minto W.S.

Tel: [phone]

Nigel Russell/Graeme Caton/Graham Reaves 
G&N Collective Funds Services Limited
Tel: [phone]

Charlie Macrae
Aberdeen Asset Management
Tel: [phone]

Notes

Words and expressions defined in the circular issued by the Company dated 24 August 2009 have the same meanings when used in this announcement unless the context requires otherwise.

END

 

END

 

 

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