REG - Mercantile Inv Tst - Result of AGM

Mercantile Investment TrustAnnouncement

22/05/2025 15:15

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RNS Number : 8474J  Mercantile Investment Trust(The)PLC  22 May 2025

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

THE MERCANTILE INVESTMENT TRUST PLC

 

RESULT OF POLL AT ANNUAL GENERAL MEETING

 

Legal Entity Identifier: 549300BGX3CJIHLP2H42

Information disclosed in accordance with UKLR 6.4.13

 

Following the Annual General Meeting of the Company, which was held today, the
Board is pleased to announce that all of the Ordinary Resolutions put to
shareholders were voted on by poll and passed. In addition, the following
items of special business were voted on by poll and passed which:

 

i)          allow the Directors of the Company to exercise all powers
of the Company to allot shares in the Company up to an aggregate nominal
amount of £1,830,551 representing approximately 10% of the Company's issued
ordinary share capital as at 7th April 2025;

 

ii)         allow the disapplication of pre-emption rights on the
allotment of new ordinary shares up to an aggregate nominal amount of
£2,361,230;

 

iii)        allow the Company to make market purchases of up 14.99% of
the Company's issued share capital;

 

iv)        approved the Company's dividend policy to continue to pay
four quarterly interim dividends; and

 

v)         allow the Company to hold a general meeting, other than an
Annual General Meeting, on not less than 14 clear days' notice.

 

The full results of the poll conducted at today's meeting are detailed below
and will shortly be available on the Company's website, www.mercantileit.co.uk
(http://www.mercantileit.co.uk)

 

     VOTES                   %       VOTES                                  %      VOTES                               % of ISC VOTED  VOTES

FOR
AGAINST
TOTAL
WITHHELD
 1         383,283,388       99.98%                  63,499                 0.02%              383,346,887             52.48%                         92,834
 2         382,303,517       99.80%                 779,324                 0.20%              383,082,841             52.44%                       356,880
 3         382,297,320       99.81%                 730,719                 0.19%              383,028,039             52.43%                       411,682
 4         380,099,120       99.22%              2,984,829                  0.78%              383,083,949             52.44%                       355,772
 5         381,536,330       99.60%              1,544,627                  0.40%              383,080,957             52.44%                       358,764
 6         381,529,415       99.59%              1,561,402                  0.41%              383,090,817             52.44%                       348,904
 7         381,594,579       99.61%              1,500,512                  0.39%              383,095,091             52.44%                       344,630
 8         381,617,228       99.61%              1,480,303                  0.39%              383,097,531             52.44%                       342,190
 9         382,872,097       99.91%                 361,815                 0.09%              383,233,912             52.46%                       205,809
 10        381,612,388       99.57%              1,632,373                  0.43%              383,244,761             52.46%                       194,960
 11        382,549,680       99.83%                 656,408                 0.17%              383,206,088             52.46%                       233,633
 12        376,632,008       98.26%              6,653,765                  1.74%              383,285,773             52.47%                       153,948
 13        383,240,973       99.96%                 139,033                 0.04%              383,380,006             52.48%                         59,715
 14        382,058,960       99.69%              1,187,830                  0.31%              383,246,790             52.46%                       192,931

 

The full text of all the resolutions can be found in the Notice of Annual
General Meeting contained in the Annual Report and Financial Statements which
is available for viewing at the National Storage Mechanism which can be
located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and from the
Company's website, www.mercantileit.co.uk (http://www.mercantileit.co.uk)

 

 

22nd May 2025

 

For further information, please contact:

 

Sachu Saji

For and on behalf of

JPMorgan Funds Limited, Company Secretary

Telephone 0800 20 40 20 (or +44 1268 44 44 70 )

 

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