REG-Manchester & London Investment Trust Plc: Result of AGM

Manchester And London Investment TrustAnnouncement

06/11/2024 13:15

6 November 2024

 

MANCHESTER AND LONDON INVESTMENT TRUST PLC

(the "Company")

 

Results of Annual General Meeting

 

 

The Company announces that, at the Annual General Meeting ("AGM") of the
Company held today, all resolutions contained in the Notice of AGM were duly
passed on a poll.

 

M&M Investment Company Ltd, the controlling shareholder of the Company
undertook not to vote on the resolutions dealing with the re-election of the
independent Directors and Mr Brett Miller. The proxy votes below therefore
reflect the votes submitted by independent shareholders as indicated.

 

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

 

 Resolution                                                                                                                      For (No. of shares)  For (%)  Against (No. of shares)  Against (%)  Votes Withheld (No. of shares)  Total Votes  % of ISC Voted  
 1. To receive and accept the Annual Report                                                                                      26,724,508           99.99    3,734                    0.01         1,154                           26,729,396   66.66           
 2. To approve the Directors' Remuneration Report                                                                                26,715,872           99.96    9,839                    0.04         3,685                           26,729,396   66.66           
 3. To approve the Directors' Remuneration Policy                                                                                26,712,531           99.95    13,180                   0.05         3,685                           26,729,396   66.66           
 4. To declare a final ordinary dividend of 7.0p per Ordinary Share                                                              26,726,023           99.99    3,219                    0.01         154                             26,729,396   66.66           
 5. To re-elect Daniel Wright as a Director (independent shareholders)                                                           2,892,607            86.18    463,768                  13.82        23,373,021                      26,729,396   66.66           
 6. To re-elect Brett Miller as a Director (independent shareholders)                                                            3,267,413            97.35    88,962                   2.65         23,373,021                      26,729,396   66.66           
 7. To re-elect Daren Morris as a Director (independent shareholders)                                                            3,267,413            97.35    88,962                   2.65         23,373,021                      26,729,396   66.66           
 8. To re-elect James Waterlow as a Director (independent shareholders)                                                          3,267,413            97.35    88,962                   2.65         23,373,021                      26,729,396   66.66           
 9. To re-appoint Deloitte LLP as Auditor of the Company                                                                         26,713,196           99.95    13,931                   0.05         2,269                           26,729,396   66.66           
 10. To authorise the Directors to determine the Auditor's Remuneration                                                          26,724,393           99.99    3,734                    0.01         1,269                           26,729,396   66.66           
 11. To authorise the Directors to offer holders the right to elect to receive optional scrip dividends                          26,778,528           99.99    3,734                    0.01         3,084                           26,785,346   66.80           
 12. To authorise the Directors to allot Ordinary Shares                                                                         26,776,803           99.98    6,574                    0.02         1,969                           26,785,346   66.80           
 13. To disapply statutory pre-emption rights in relation to the issue of Ordinary Shares*                                       26,710,526           99.93    18,716                   0.07         154                             26,729,396   66.66           
 14. To authorise the Directors to sell, transfer and allot Ordinary Shares from Treasury at a discount to the net asset value*  26,695,203           99.87    34,039                   0.13         154                             26,729,396   66.66           
 15. To authorise the Company to make market purchases of Ordinary Shares*                                                       26,459,243           98.99    269,999                  1.01         154                             26,729,396   66.66           
 16. To authorise the Company to hold general meetings on 14 clear days' notice*                                                 26,707,181           99.92    22,061                   0.08         154                             26,729,396   66.66           

*special resolutions

 

 NOTES:                                                                                                                                                                                                                                                   
 1.  All resolutions were passed.                                                                                                                                                                                                                         
 2.  Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.                                                                                                            
 3.  Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.                                                                                                                                    
 4.  A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.                                                                                                    
 5.  The number of shares in issue on 4 November 2024 was 40,528,238 ordinary shares (including 431,220 shares in treasury). The number of Ordinary Shares in circulation (excluding treasury shares), carrying one vote each, is 40,097,018.             
 6.  The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at https://mlcapman.com/manchester-london-investment-trust-plc/.                                 
 7.  In accordance with Listing Rule 6.4.2, a copy of resolutions 11 to 16 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.  

 

LEI: 213800HMBZXULR2EEO10



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