REG - City of Lon Inv Grp - Result of AGM

City of London InvestmentAnnouncement

21/10/2019 15:20

RNS Number : 5927Q
City of London Investment Group PLC
21 October 2019
 


 
 
 
City of London Investment Group PLC
21 October 2019
 
 
 
City of London Investment Group PLC
("City of London" or "the Company")
 
Result of AGM
 
City of London announces that at the Annual General Meeting of the Company held today, all resolutions were duly passed.
 
A breakdown of the proxy votes lodged prior to the AGM in respect of the resolutions is summarised below:
 




 


In favour*


Against


Abstain




Resolution 1


12,969,205


0


12,759




Resolution 2


12,115,563


763,447


102,954




Resolution 3


10,875,656


2,098,167


8,141




Resolution 4


12,981,964


0


0




Resolution 5


12,972,994


0


8,970




Resolution 6


12,971,510


1,484


8,970




Resolution 7


12,777,265


195,729


8,970




Resolution 8


12,776,965


196,029


8,970




Resolution 9


12,971,061


1,484


9,419




Resolution 10


12,777,335


195,659


8,970




Resolution 11


12,440,483


532,511


8,970




Resolution 12


12,972,534


460


8,970




Resolution 13


12,974,183


0


7,781




Resolution 14


12,973,723


460


7,781




Resolution 15


12,973,705


4,395


3,864




Resolution 16


12,967,802


5,192


8,970




Resolution 17


12,322,865


656,610


2,489




Resolution 18


12,966,436


15,528


0




Resolution 19


9,932,506


3,020,781


28,677




*Includes discretionary votes
 
 
The Board notes the shareholder response to special resolution 19 which amended the Articles of Association. In proposing the resolution, the Company was seeking to address the potential for inconsistency between the Directors' fee cap in the Articles of Association and the more detailed controls within the Directors' Remuneration Policy.  The Company will engage with shareholders to determine how best to address the concerns, which could include proposing reinstatement of the Directors' fee cap in the Articles of Association.
 
In accordance with Listing Rule 9.6.3 (1), copies of the resolutions (other than those resolutions comprising ordinary business) have been made available for inspection on the National Storage Mechanism at www.morningstar.co.uk/uk/NSM.
 
 
For further information, please visit www.citlon.co.uk or contact:
 
Tom Griffith (CEO)
City of London Investment Group PLC
Tel: 001 610 380 0435
 
Martin Green
Zeus Capital Limited
Financial Adviser & Broker
Tel: +44 (0)20 3829 5000
 
 




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