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

Manchester And London Investment TrustAnnouncement

01/11/2023 13:45

 

MANCHESTER AND LONDON INVESTMENT TRUST PLC

(the "Company")

 

Results of Annual General Meeting

 

1 November 2023

 

The Company announces that, at the Annual General Meeting ("AGM") of the
Company held today, Resolutions 1 to 15 contained in the Notice of AGM were
duly passed on a poll.

 

M&M Investment Company, the controlling shareholder of the Company undertook
not to vote on the resolutions dealing with the re-election and 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                                                                                     27,102,988           99.99    2,532                    0.01         474,324                         27,579,844   69              
 2. To approve the Directors' Remuneration Report (including the Directors' Remuneration Policy)                                25,875,799           95.47    1,227,943                4.53         476,102                         27,579,844   69              
 3. To declare a final ordinary dividend of 7.0p per Ordinary Share                                                             27,102,988           99.99    2,532                    0.01         474,324                         27,579,844   69              
 4. To re-elect Daniel Wright as a Director (independent shareholders)                                                          3,524,143            89.96    393,208                  10.04        23,183,838                      27,101,189   67              
 5. To re-elect Brett Miller as a Director                                                                                      3,840,458            98.01    78,019                   1.99         23,182,712                      27,101,189   67              
 6. To re-elect Daren Morris as a Director (independent shareholders)                                                           3,840,458            98.04    76,893                   1.96         23,183,838                      27,101,189   67              
 7. To re-elect James Waterlow as a Director (independent shareholders)                                                         3,837,858            97.97    79,493                   2.03         23,183,838                      27,101,189   67              
 8. To re-appoint Deloitte LLP as Auditor of the Company                                                                        27,098,554           99.96    10,707                   0.04         470,583                         27,579,844   69              
 9. To authorise the Directors to determine the Auditor's Remuneration                                                          27,100,828           99.99    2,912                    0.01         476,104                         27,579,844   69              
 10. To authorise the Directors to offer holders the right to elect to receive newly issued Ordinary Shares                     27,097,203           99.95    12,812                   0.05         469,829                         27,579,844   69              
 11. To authorise the Directors to allot Ordinary Shares                                                                        27,097,723           99.95    12,292                   0.05         469,829                         27,579,844   69              
 12. To disapply statutory pre-emption rights in relation to the issue of Ordinary Shares                                       27,070,878           99.87    34,642                   0.13         474,324                         27,579,844   69              
 13. To authorise the Directors to sell, transfer and allot Ordinary Shares from Treasury at a discount to the net asset value  27,063,189           99.84    42,331                   0.16         474,324                         27,579,844   69              
 14. To authorise the Company to make market purchases of Ordinary Shares                                                       26,818,342           98.92    291,673                  1.08         469,829                         27,579,844   69              
 15. To authorise the Company to hold general meetings on 14 clear days' notice                                                 27,077,728           99.88    32,287                   0.12         469,829                         27,579,844   69              

 

 

 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 30 October 2023 was 40,193,018 ordinary shares, carrying one vote each. At that time, the Company held 335,220 shares in treasury.                                                                                   
 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 www.mlcapman.com.                                                                              
 7.  In accordance with listing rule 9.6.2R, a copy of resolutions 11 to 15 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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