REG - Lowland Inv. Co. - General Meeting held on 10 September 2025

Lowland InvestmentAnnouncement

10/09/2025 16:00

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RNS Number : 8398Y  Lowland Investment Co PLC  10 September 2025

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

 

LOWLAND INVESTMENT COMPANY PLC

 

LEGAL ENTITY IDENITIFIER: 2138008RHG5363FEHV19

 

10 September 2025

 

 

LOWLAND INVESTMENT COMPANY PLC

(the "Company")

 

General Meeting held on 10 September 2025

 

The Company announces that, at the General Meeting held earlier today, the
proposed special resolution was duly passed on a show of hands.

 

The special resolution authorises market purchases of the Company's ordinary
shares up to a maximum of 32,973,842 ordinary shares, equivalent to 14.99% of
the issued ordinary share capital (excluding shares held in treasury). The
authority granted on 10 September 2025 is in addition to the remaining
authority, being to authorise market purchases up to 1,163,299 ordinary
shares, remaining from the Annual General Meeting held on 28 January 2025.
These authorities (for market purchases of the Company's ordinary shares up to
a total maximum of 34,137,141 ordinary shares) will expire at the conclusion
of the next Annual General Meeting of the Company, expected to be held in
January 2026.

 

The full text of the resolution can be found in the circular to shareholders
dated 13 August 2025, which can be viewed on the Company's website at
www.lowlandinvestment.com (http://www.lowlandinvestment.com) .

 

A copy of the special resolution will be submitted to the National Storage
Mechanism ("NSM") and will shortly be available for inspection on the NSM
website at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

 

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

 

 

    Special resolution                                                             Votes for (including at Chairman's discretion)  %      Votes against  %     Total votes cast  Votes cast (excluding votes withheld) as a % of total voting rights  Votes withheld
 1  To authorise the Company to make market purchases of ordinary shares (14.99%)  39,173,275                                      93.10  2,902,995      6.90  42,076,270        19.1                                                                 91,726

 

 

A vote 'withheld' is not a vote in law and has therefore not been counted as a
vote 'for' or 'against' the resolution. The aggregate number of ordinary
shares in issue at the voting record date for the general meeting was
270,185,650, of which 50,213,385 were held in Treasury. Therefore, the total
number of voting rights was 219,972,265. Each ordinary share carries one vote.

 

The Company instructs J.P. Morgan Securities plc to act as its broker in
respect of its market purchase transactions. The Company may utilise the
authority to purchase shares by either a single purchase or a series of
purchases when market conditions allow when they are trading at a discount to
the underlying net asset value per share, with the aim of maximising the
benefit to shareholders. This proposal does not indicate that the Company will
purchase shares at any particular time or price, nor imply any opinion on the
part of the Directors as to the market or other value of the Company's
shares.  This arrangement is in accordance with the Financial Conduct
Authority's UK Listing Rules and the Company's general authority to repurchase
shares.

 

 

For further information please contact:

 

Janus Henderson Secretarial Services UK Ltd

Corporate Secretary to Lowland Investment Company plc

Telephone: 020 7818 1818

 

Harriet Hall

PR Director Investment Trusts

Janus Henderson Investors

Tel: 020 7818 2919

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