REG - Bankers Investment - Result of AGM

Bankers Investment TrustAnnouncement

25/02/2025 16:00

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RNS Number : 4239Y  Bankers Investment Trust PLC  25 February 2025

 

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

 

THE BANKERS INVESTMENT TRUST PLC

 

LEGAL ENTITY IDENTIFIER: 213800B9YWXL3X1VMZ69

 

25 February 2025

 

THE BANKERS INVESTMENT TRUST PLC

 

Annual General Meeting of the Company

held on Tuesday, 25 February 2025

 

The Bankers Investment Trust PLC announces that at the Annual General Meeting
held earlier today that resolutions 1 to 14 were duly passed on a poll. This
included the following resolutions:

 

As an Ordinary Resolution:

 

-        Resolution 11: to authorise the Directors to allot ordinary
shares up to 10% of the issued ordinary share capital;

 

As Special Resolutions:

 

-        Resolution 12: to authorise the Directors to allot or to sell
from treasury up to 10% of the issued ordinary share capital without first
offering them to existing shareholders in accordance with statutory
pre-emption procedures;

 

-        Resolution 13: to authorise the Company to make market
purchases of the Company's ordinary shares up to 14.99% of its issued ordinary
share capital excluding treasury shares; and

 

-        Resolution 14: to authorise that a General Meeting other than
an Annual General Meeting may be held on not less than 14 clear days' notice.

 

The full text of the resolutions can be found in the circular to shareholders
dated 15 January 2025 which can be viewed on the Company's website at:
www.bankersinvestmenttrust.com (http://www.bankersinvestmenttrust.com)

 

The poll results were as follows:

 

 Resolutions                                                                    Number of Votes FOR (including at Chair's discretion)  % of votes FOR  Number of Votes AGAINST  % of votes AGAINST  Total votes cast  Votes cast (excluding votes withheld) as a percentage of total voting rights  Number of votes withheld
 1 To receive the annual report and the audited financial statements for the    287,338,542                                            99.98           57,519                   0.02                287,396,061       26.12%                                                                        358,012
 year ended

 31 October 2024

 2 To approve the Directors' Remuneration Report for the year ended             283,933,042                                            99.16           2,401,471                0.84                286,334,513       26.02%                                                                        1,419,560

 31 October 2024
 3 To approve the final dividend of 0.672p per share                            287,416,344                                            99.97           96,467                   0.03                287,512,811       26.13%                                                                        241,262
 4 To re-appoint Mr Simon Miller as a Director                                  271,563,743                                            94.68           15,269,282               5.32                286,833,025       26.07%                                                                        921,048
 5 To re-appoint Ms Hannah Philp as a Director                                  279,783,865                                            97.53           7,073,160                2.47                286,857,025       26.07%                                                                        897,048
 6 To re-appoint Ms Charlotte Valeur                                            279,990,650                                            97.60           6,876,464                2.40                286,867,114       26.07%                                                                        886,959
 7 To re-appoint Mr Richard West as a Director                                  279,956,387                                            97.59           6,925,478                2.41                286,881,865       26.07%                                                                        872,208
 8 To re-appoint                                                                279,988,908                                            97.61           6,864,864                2.39                286,853,772       26.07%                                                                        900,301

 Mr Ankush Nandra as a Director
 9 To re-appoint Ernst & Young LLP as a statutory Auditor to the Company        285,867,978                                            99.60           1,136,850                0.40                287,004,828       26.08%                                                                        749,245
 10 To authorise the Audit and Risk Assurance Committee to determine the        286,653,906                                            99.87           382,007                  0.13                287,035,913       26.09%                                                                        718,160
 Auditor's remuneration
 11 To give Directors authority to allot ordinary shares                        285,794,551                                            99.63           1,060,798                0.37                286,855,349       26.07%                                                                        898,724
 12 To give Directors authority to disapply pre-emption rights on allotment or  284,946,186                                            99.40           1,716,753                0.60                286,662,939       26.05%                                                                        1,091,134
 sale of ordinary shares*
 13 To give the Company authority to make market purchases of ordinary shares   275,957,263                                            96.11           11,167,626               3.89                287,124,889       26.10%                                                                        629,184
 in the capital of the Company*
 14 To approve that a general meeting may be called on not less than 14 clear   284,584,749                                            99.22           2,235,944                0.78                286,820,693       26.07%                                                                        933,380
 days notice*

 

*Special resolution

 

 

For the purposes of section 341 of the Companies Act 2006, the votes validly
cast are expressed in the table above as a percentage of the Company's total
voting rights as at the close of business on 21 February 2025, being the time
at which a shareholder had to be registered in the register of members in
order to vote at the Annual General Meeting. A vote "withheld" is not a vote
in law and has not been counted as a vote "for" or "against" a resolution.

 

The number of ordinary shares in issue in the Company at the date of this
announcement is 1,315,102,830.

 

A copy of the poll results will shortly be available on the Company's website
at:

www.bankersinvestmenttrust.com (http://www.bankersinvestmenttrust.com)

 

A copy of the special business resolutions will be submitted to the National
Storage Mechanism ("NSM") and will shortly be available for inspection on the
NSM's website at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

 

For further information please contact:

 

Alex Crooke

Fund Manager

The Bankers Investment Trust PLC

Telephone: 020 7818 4447

 

Harriet Hall

Investment Trust PR Director

Janus Henderson Investors

Telephone: 020 7818 2919

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