REG - Global Smlr Cos.Tst - Result of AGM

Global Smaller Companies TrustAnnouncement

15/08/2025 16:15

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RNS Number : 5930V  Global Smaller Cos. Trust PLC (The)  15 August 2025

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

THE GLOBAL SMALLER COMPANIES TRUST PLC

(the 'Company')

 

Results of Annual General Meeting

 

LEI: 2138008RRULYQP8VP386

Information disclosed in accordance with UK LR 6.4.13

 

The Global Smaller Companies Trust PLC announces that, at the Annual General
Meeting held on 15 August 2025, a poll was held on each of the 16 resolutions
proposed and all were duly passed, including those detailed below:

 

i)     An ordinary resolution giving the Directors of the Company
authority to exercise all the powers of the Company to allot ordinary shares
of 2.5 pence each in the capital of the Company, up to an aggregate nominal
amount of £1,109,860.85 (representing approximately 10% of the Company's
issued share capital (excluding treasury shares) as at 26 June 2025). This
authority will expire at the conclusion of the AGM of the Company in 2026 or
on the date which is 15 months after the date on which this resolution was
passed (whichever is earlier), unless previously revoked, varied or extended
by the Company in a general meeting;

 

ii)    A special resolution to empower the Directors to allot equity
securities for cash and to sell treasury shares for cash without first
offering them to existing shareholders in proportion to their holdings up to
an aggregate nominal amount of £1,109,860.85 representing approximately 10%
of the Company's issued share capital (excluding treasury shares) as at 26
June 2025. This authority will expire at the conclusion of the next AGM of the
Company held after the passing of this resolution or, if earlier, on the date
which is 15 months after the date on which this resolution was passed, (unless
previously renewed, varied or revoked by the Company in a general meeting;

 

iii)   A special resolution authorising the Company to make market purchases
of up to 66,019,501 ordinary shares, representing 14.99% of the Company's
issued ordinary share capital (excluding ordinary shares held in treasury)
immediately prior to the passing of this resolution. This authority will
expire at the conclusion of the next AGM of the Company held after the passing
of this resolution or on the date which is 15 months after the date on which
this resolution was passed (whichever is earlier), unless such authority is
varied, revoked or renewed prior to such time by the Company in general
meeting;

 

iv)  A special resolution authorising the Company to hold general meetings
(other than annual general meetings) on 14 clear days' notice, such authority
to expire at the conclusion of the next annual general meeting of the
Company.

 

v)    A special resolution that, subject to the confirmation of the High
Court (the "Court") and subject also to any undertaking required by the Court:
(i) the share capital of the Company be reduced by cancelling the entire
amount standing to the credit of the Company's share premium account and
capital redemption reserve as at the date of the final hearing before the
Court at which confirmation of the said cancellation is sought; and (ii) the
credit thereby arising in the Company's books of account from the cancellation
of the Company's share premium account and capital redemption reserve be
applied in crediting a distributable reserve (to be designated the
"Distributable Reserve") to be established in the Company's books of account
which shall be able to be applied in any manner in which the Company's profits
available for distribution (as determined in accordance with the Companies Act
2006) are able to be applied.

 

The results of the poll were as follows:

                                                                                     For                           Against                       Withheld     Total Votes (excluding Votes Withheld)
     Resolution                                                                      No of Votes  % of Votes Cast  No of Votes  % of Votes Cast  No of Votes
 1   Receive and adopt the audited financial statements for the year ended 30 April  267,015,153  99.83%           441,940      0.17%            875,159      267,457,093
     2025
 2   Approve the Directors' Remuneration Policy                                      226,398,114  88.97%           28,059,521   11.03%           13,871,847   254,457,635
 3   Receive, adopt and approve the Directors' Remuneration Report for the year to   228,595,432  89.86%           25,784,964   10.14%           13,949,086   254,380,396
     30 April 2025
 4   To declare a final dividend                                                     262,132,440  99.75%           649,847      0.25%            5,549,965    262,782,287
 5   To re-elect N Bannerman as a Director                                           243,615,930  96.13%           9,799,811    3.87%            14,916,511   253,415,741
 6   To re-elect B Barrett as a Director                                             243,064,296  95.56%           11,281,352   4.44%            13,986,604   254,345,648
 7   To re-elect R Grewal as a Director                                              241,025,965  95.00%           12,685,453   5.00%            14,620,834   253,711,418
 8   To elect Zoe King as a Director                                                 248,802,119  97.78%           5,654,750    2.22%            13,875,383   254,456,869
 9   To re-elect G Oldroyd as a Director                                             241,458,663  95.74%           10,751,510   4.26%            16,122,079   252,210,173
 10  To re-appoint BDO LLP as Auditor                                                247,897,358  95.48%           11,729,694   4.52%            8,705,200    259,627,052
 11  Authority to determine the remuneration of the Auditor                          253,318,935  96.18%           10,060,431   3.82%            4,952,886    263,379,366
 12  Authorise the Directors to allot shares                                         252,681,149  97.27%           7,102,533    2.73%            8,548,570    259,783,682
 13  Authority to allot shares/sell treasury shares without pre-emption rights       230,508,352  90.35%           24,630,850   9.65%            13,190,280   255,139,202
 14  Authority to purchase own shares                                                249,377,826  94.25%           15,204,700   5.75%            3,749,726    264,582,526
 15  General meeting notice period                                                   257,347,507  97.05%           7,834,439    2.95%            3,150,306    265,181,946
 16  Cancellation of share premium account and capital redemption reserve            244,457,028  96.35%           9,272,039    3.65%            14,603,185   253,729,067

 

 

The full text of all the resolutions can be found in the Notice of Annual
General Meeting set out in Annual Report and Financial Statements for the year
ended 30 April 2025, which was submitted to the National Storage Mechanism on
1 July 2025 and is available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and on the Company's
website www.globalsmallercompanies.co.uk
(http://www.globalsmallercompanies.co.uk)

 

A copy of the poll results will also be available on the Company's website.

 

15 August 2025

For further information please contact:

Columbia Threadneedle Investment Business Limited

Company Secretary

Telephone: 020 7464 5000

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