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

Manchester And London Investment TrustAnnouncement

Today 13:45

5 November 2025

 

MANCHESTER                                                              AND   
                                                          LONDON              
                                               INVESTMENT                     
                                        TRUST                                 
                            PLC

(the                                "Company")

 

Results                                                              of       
                                                      Annual                  
                                           General                            
                                 Meeting

 

 

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

 

M&M Investment Company Ltd, the controlling shareholder of the Company,
undertook not to vote on the resolutions                    dealing           
        with                    the                    re-election            
       of                    the                    independent               
    Directors.                    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                                                                                       26,918,977           99.95      13,143                   0.05         1,928                           26,934,048   70.83           
 2.   To  approve  the  Directors' Remuneration Report                                                                                   26,889,530           99.87      35,826                   0.13         8,692                           26,934,048   70.83           
 3.   To  approve  the  Directors' Remuneration Policy                                                                                   26,882,706           99.84      42,650                   0.16         8,692                           26,934,048   70.83           
 4.  To  declare  a  final  ordinary  dividend and special dividend of 7.0p per Ordinary Share                                           26,926,996           99.98      5,788                    0.02         1,264                           26,934,048   70.83           
 5.  To re-elect Daniel Wright as a Director  (independent  shareholders)                                                                3,309,760            90.76      337,002                  9.24         23,287,286                      26,934,048   70.83           
 6.   To  re-elect  Brett  Miller  as  a Director                                                                                        26,804,588           99.54      122,941                  0.46         6,519                           26,934,048   70.83           
 7.  To re-elect Daren Morris as a Director  (independent  shareholders)                                                                 3,533,065            96.85      114,778                  3.15         23,286,205                      26,934,048   70.83           
 8.  To re-elect James Waterlow as a Director  (independent  shareholders)                                                               3,533,265            96.89      113,497                  3.11         23,287,286                      26,934,048   70.83           
 9.   To  re-appoint  Deloitte  LLP  as Auditor of the Company                                                                           26,882,007           99.85      39,130                   0.15         12,911                          26,934,048   70.83           
 10.   To  authorise  the  Directors  to determine the Auditor's Remuneration                                                            26,910,289           99.94      15,775                   0.06         7,984                           26,934,048   70.83           
 11.   To  authorise  the  Directors  to  offer holders  the  right  to  elect  to  receive optional scrip dividends                     26,911,985           99.93      19,992                   0.07         2,071                           26,934,048   70.83           
 12.   To  authorise  the  Directors  to  allot Ordinary Shares                                                                          26,904,884           99.90      27,236                   0.1          1,928                           26,934,048   70.83           
 13.   To  disapply  statutory  pre-emption rights in relation to the issue of Ordinary  Shares*                                         26,895,930           99.87      33,785                   0.13         4,333                           26,934,048   70.83           
 14.  To authorise the Directors to sell, transfer and allot Ordinary Shares from  Treasury  at  a  discount  to  the  net asset value*  26,884,494           99.83      46,058                   0.17         3,496                           26,934,048   70.83           
 15.   To  authorise  the  Company  to  make  market  purchases  of  Ordinary Shares*                                                    26,784,032           99.45      148,760                  0.55         1,256                           26,934,048   70.83           
 16.  To authorise the Company to hold  general  meetings  on  14  clear days' notice*                                                   26,901,062           99.88      31,730                   0.12         1,256                           26,934,048   70.83           

*special resolutions

 

 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 3 November 2025 was 40,528,238 ordinary shares (including 2,503,651 shares in treasury). The number of Ordinary Shares in circulation (excluding treasury shares), carrying one vote each, is 38,024,587.           
 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  https://mlcapman.com/manchester-london-investment-trust-plc  /  .                            
 7.  In accordance with Listing Rule 6.4.2, a copy of resolutions 11 to 16 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.  

 

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