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INVESCO Asia Trust (IAT)

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Thursday 03 September, 2020

INVESCO Asia Trust

Result of AGM

Invesco Asia Trust plc

HEADLINE :  Annual General Meeting Results

At the Annual General Meeting of the Company held on 3 September 2020, shareholders approved the following resolutions on a poll:

Ordinary Business

Ordinary Resolutions

1.  To receive and consider the Annual Financial Report for the year ended 30 April 2020;

2.  To approve the Company’s Dividend Payment Policy

3.  To approve the Directors Remuneration Policy.

4.  To approve the Annual Statement and Report on Remuneration;

5.  To re-elect Owen Jonathan, a Director of the Company;

6.  To re-elect Fleur Meijs, a Director of the Company;

7.  To re-elect Neil Rogan, a Director of the Company;

8.  To elect Vanessa Donegan, a Director of the Company;

9.  To re-appoint KPMG LLP as auditor to the Company;

10.  To authorise the Audit Committee to determine the remuneration of the auditor;

Special Business

Ordinary Resolution 

11.  To authorise the Directors to allot securities.

Special Resolutions

12.   To authorise the Directors to allot securities disapplying statutory pre-emption rights.

13.  To authorise the Directors to buy back up to 14.99% of the Company’s issued ordinary shares.

14.  That the period of notice required for general meetings of the Company (other than AGMs) shall be not less than 14 days.

All resolutions were passed on a poll.

A breakdown of the poll votes registered is shown below.

Resolution Votes For (including votes at the discretion of the Chairman) % Votes Against % Votes Withheld
Ordinary Resolutions
1 40,366,007 100 0 0 4,321
2 40,359,519 100 0 0 10,809
3 40,262,400 99.89 42,751 0.11 65,177
4 40,272,057 99.91 37,675 0.09 60,596
5 40,339,614 99.94 25,310 0.06 5,404
6 40,339,372 99.94 22,775 0.06 8,181
7 40,327,656 99.94 25,310 0.06 17,362
8 40,342,149 99.94 22,775 0.06 5,404
9 40,329,898 99.93 26,844 0.07 13,586
10 40,357,964 99.98 8,043 0.02 4,321
11 40,341,343 99.94 24,664 0.06 4,321
Special Resolutions
12 40,291,589 99.86 54,939 0.14 23,800
13 40,332,094 99.93 26,555 0.07 11,679
14 39,970,637 99.05 384,835 0.95 14,856

The Company has 74,999,881 ordinary shares of 10p each in issue, of which 8,146,594 shares are held in Treasury.  On a poll these carry one vote per share and accordingly the total voting rights are 66,853,287. The above tables represent the number of votes registered. 60% of the Company’s issued share capital is represented by the voting. The poll votes lodged with the Registrar will shortly be available via the Company’s website at: www.invesco.co.uk/invescoasia

Board Succession

The Company confirms that as already announced, Tom Maier, who had served on the Board for 11 years, retired at the conclusion of the Annual General Meeting.

Invesco Asset Management Limited

Corporate Company Secretary

3 September 2020


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