Result of AGM

RNS Number : 3444L

Witan Investment Trust PLC

29 April 2020

 

WITAN INVESTMENT TRUST PLC

29 APRIL 2020

Annual General Meeting Held On Wednesday 29 APRIL 2020

Witan Investment Trust plc (the 'Company') hereby gives notification that, at the Annual General Meeting of the Company held on Wednesday 29 April 2020, all the resolutions, as set out in full in the notice of meeting dated 27 March 2020, were duly passed.  The resolutions in respect of special business were duly passed as follows:

1.  That the dividend policy of the Company as set out in the Annual Report for the year ended 31 December 2019 be approved.

2.  That the limit on directors' fees set out in Article 96(1) of the Company's Articles of Association be amended as provided for in the terms of said Article 96(1) from £350,000 to £450,000.

3.  That the directors be authorised to allot relevant securities.

4.  That the directors be authorised to disapply pre-emption rights on the allotment or sale from treasury of equity securities up to a nominal amount of £4,315,009.

5.  That the Company be authorised to make market purchases of its own ordinary shares up to a maximum of 129,363,989 ordinary shares, being 14.99% of the ordinary shares of 5 pence each in issue.

6.  That the Company be authorised to make market purchases of its own preference shares up to a maximum of 2,055,000 of the 3.4% cumulative preferences shares and 500,000 of the 2.7% cumulative preference shares (being 100% of the preference shares).

7.  That any general meeting of the Company (other than the Annual General Meeting) may be called on not less than 14 clear days' notice.

A copy of the full text of the resolutions in respect of special business passed at the Annual General Meeting will be lodged with the National Storage Mechanism and will be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Resol-ution	Description	Votes for	Votes Against	Votes at proxies' discretion	Votes withheld	Total votes cast (excluding votes withheld)
1	To receive the Annual Report for the year ended 31 December 2019	210,966,318	111,657	737,020	265,229	211,814,995
2	To receive and approve the Directors' Remuneration Report for the year ended 31 December 2019	202,489,730	7,914,862	733,035	942,597	211,137,627
3	To elect Mrs G M Boyle as a director of the Company	210,224,256	406,320	733,035	716,614	211,363,611
4	To elect Mr A J S Ross as a director of the Company	204,670,467	5,958,330	733,035	718,392	211,361,832
5	To re-elect Mr A L C Bell as a director of the Company	208,115,530	2,515,546	733,035	716,114	211,364,111
6	To re-elect Mr J S Perry as a director of the Company	209,948,316	688,655	733,035	710,218	211,370,006
7	To re-elect Mr A Watson as a director of the Company	165,932,904	44,746,563	733,035	667,723	211,412,502
8	To re-appoint Grant Thornton UK LLP as Statutory Auditor to the Company	210,153,385	538,564	753,720	588,281	211,445,669
9	To authorise the Audit Committee to determine the remuneration of the Statutory Auditor	210,085,948	241,092	1,224,620	528,565	211,551,660
SPECIAL BUSINESS (*Special Resolutions)
10	To approve the dividend policy of the Company	210,972,834	39,943	741,535	325,913	211,754,312
11	That the limit on Directors' fees in the Articles of Association be amended to £450,000.	206,878,924	2,080,435	748,635	2,263,500	209,707,994
12	To authorise the directors to allot relevant securities	209,997,365	708,552	744,485	629,823	211,450,402
13	*To authorise the directors to allot equity securities for cash and to sell shares held by the Company as treasury shares on a non pre-emptive basis	209,182,760	1,014,211	1,206,885	676,369	211,403,856
14	*To authorise the Company to make market purchases of its own ordinary shares	210,133,515	606,644	741,535	598,531	211,481,694
15	*To authorise the Company to make market purchases of its own preference shares	210,292,067	415,592	741,535	607,266	211,449,194
16	*That any general meeting of the Company other than the Annual General Meeting may be called on not less than 14 clear days' notice	205,464,426	5,350,338	741,535	523,926	211,556,299

The number of ordinary shares of 5p each in issue as at 6.30 pm on Monday 27 April 2020, the closing date for the receipt of proxies, was 863,008,266 (excluding 137,346,734 shares held in treasury).  Each share has one vote. A vote withheld is not counted towards the votes "For" or "Against" a resolution.

-  ENDS -

For further information please contact:

Andrew Bell

Chief Executive Officer

Witan Investment Trust plc

Telephone:  [phone]

 

END

 

 

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