Result of AGM

RNS Number : 9263W

Witan Investment Trust PLC

28 April 2021

 

WITAN INVESTMENT TRUST PLC

28 APRIL 2021

Annual General Meeting Held On Wednesday 28 APRIL 2021

Witan Investment Trust plc (the 'Company') hereby gives notification that, at the Annual General Meeting of the Company held on Wednesday 28 April 2021, all the resolutions, as set out in full in the notice of meeting dated 26 March 2021, were duly passed on a poll.  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 2020 be approved.

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

3.  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 £3,905,427.

4.  That the Company be authorised to make market purchases of its own ordinary shares up to a maximum of 117,084,724 ordinary shares, being 14.99% of the ordinary shares of 5 pence each in issue.

5.  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).

6.  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.

Tony Watson, non-executive director, retired from the Board at the conclusion of the Annual General Meeting.

The results of the poll were as follows:

Resol-ution	Description	Votes For	Votes Against	Votes withheld	Total votes cast (excluding votes withheld)
1	To receive the Annual Report for the year ended 31 December 2020	192,600,275	988	124,479	192,601,263
2	To receive and approve the Directors' Remuneration Report for the year ended 31 December 2020	184,541,404	4,843,952	3,340,386	189,385,356
3	To elect Mrs R A Beagles as a director of the Company	191,885,734	315,465	524,543	192,201,199
4	To re-elect Mr A J S Ross as a director of the Company	190,851,955	1,331,068	542,719	192,183,023
5	To re-elect Mr A L C Bell as a director of the Company	190,913,080	1,209,597	603,065	192,122,677
6	To re-elect Mrs G M Boyle as a director of the Company	191,934,871	326,802	464,069	192,261,673
7	To re-elect Ms S E G A Neubert as a director of the Company	189,980,548	2,249,231	495,963	192,229,779
8	To re-elect Mr J S Perry as a director of the Company	191,120,242	1,044,660	560,840	192,164,902
9	To re-elect Mr B C Rogoff as a director of the Company	191,843,456	347,002	535,284	192,190,458
10	To re-elect Mr P T Yates as a director of the Company	190,863,274	1,357,389	505,079	192,220,663
11	To re-appoint Grant Thornton UK LLP as Statutory Auditor to the Company	191,156,826	1,028,247	540,669	192,185,073
12	To authorise the Audit Committee to determine the remuneration of the Statutory Auditor	192,158,610	345,409	221,723	192,504,019
SPECIAL BUSINESS (*Special Resolutions)
13	To approve the dividend policy of the Company	192,476,819	57,053	157,475	192,533,872
14	To authorise the directors to allot relevant securities	191,721,685	541,928	427,734	192,263,613
15	*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	191,137,110	1,022,675	531,562	192,159,785
16	*To authorise the Company to make market purchases of its own ordinary shares	191,806,044	549,550	335,753	192,355,594
17	*To authorise the Company to make market purchases of its own preference shares	192,039,425	312,552	339,370	192,351,977
18	*That any general meeting of the Company other than the Annual General Meeting may be called on not less than 14 clear days' notice	190,074,910	2,365,407	251,030	192,440,317

The number of ordinary shares of 5p each in issue as at 6.30 pm on Monday 26 April 2021, the closing date for the receipt of proxies, was 781,535,551 (excluding 218,819,449 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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