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Diverse Inc Trust (DIVI)

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Wednesday 14 October, 2015

Diverse Inc Trust

Result of AGM

THE DIVERSE INCOME TRUST PLC (the “Company”)
Result of Annual General Meeting

The Company is pleased to announce that at the Annual General Meeting held on 14 October 2015 all resolutions were passed on a show of hands, including the following resolutions:

Resolution 12 (ordinary resolution): To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006.

Resolution 13 (special resolution): To authorise the Directors to allot ordinary shares for cash pursuant to Sections 570 and 573 of the Companies Act 2006 otherwise than in accordance with statutory pre-emption rights.

Resolution 14 (special resolution): To authorise the Directors to make market purchases of the Company’s own shares.

Resolution 15 (special resolution): To hold general meetings (other than annual general meetings) on 14 clear days’ notice.
 

The proxy votes received in relation to these resolutions were as follows:

Resolutions Votes For Votes Against Votes at Chairman’s Discretion Votes Withheld
Resolution 1 148,981,337 0 76,790 0
Resolution 2 148,943,536 37,801 76,790 0
Resolution 3 148,943,536 20,530 76,790 17,271
Resolution 4 148,883,721 80,345 76,790 17,271
Resolution 5 112,633,546 36,325,520 343,226 17,271
Resolution 6 148,883,721 80,345 76,790 17,271
Resolution 7 148,943,536 20,530 76,790 17,271
Resolution 8 122,913,122 26,068,215 76,790 0
Resolution 9 148,589,702 391,635 76,790 0
Resolution 10 148,964,066 0 76,790 17,271
Resolution 11 148,981,337 0 76,790 0
Resolution 12 148,959,541 20,530 76,790 1,266
Resolution 13 148,905,983 56,817 76,790 18,537
Resolution 14 148,959,541 20,530 76,790 1,266
Resolution 15 147,722,363 1,257,708 76,790 1,266

The Board notes the substantial votes against resolution 5. The Directors believe that the current Board structure is appropriate, and is engaging with shareholders to discuss the reasons for the vote against this resolution.

A copy of the full text of Resolutions 12 to 15 will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

The presentation by Gervais Williams of Miton Asset Management Limited is available on the Company's website at www.mitongroup.com/dit.


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