REG - Mercantile Inv Tst - Result of AGM

Mercantile Investment TrustAnnouncement

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RNS Number : 3376F  Mercantile Investment Trust(The)PLC  21 May 2026

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 £1,653,820 representing approximately 10% of the Company's issued
ordinary share capital as at 9th April 2026;

 

ii)         allow the disapplication of pre-emption rights on the
allotment of new ordinary shares up to an aggregate nominal amount of
£1,653,820;

 

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.

 

vi)        allow, the Company to increase the Directors' aggregate
annual remuneration cap contained  in Article 87(1) of the Articles of
Association from £400,000 to £450,000.

 

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   345,622,661             99.97%         93,303        0.03%  345,715,964  53.52%               136,355
 2   343,300,071             99.76%       822,118         0.24%  344,122,189  53.27%          1,730,130
 3         343,267,976       99.76%       809,941         0.24%  344,077,917  53.26%          1,774,402
 4   343,828,065             99.88%       404,165         0.12%  344,232,230  53.29%          1,620,089
 5   343,583,457             99.81%       648,773         0.19%  344,232,230  53.29%          1,620,089
 6   343,728,213             99.85%       532,637         0.15%  344,260,850  53.29%          1,591,469
 7         343,807,584       99.87%       455,276         0.13%  344,262,860  53.29%          1,589,459
 8   343,892,643             99.89%       370,217         0.11%  344,262,860  53.29%          1,589,459
 9   345,327,929             99.90%       334,277         0.10%  345,662,206  53.51%               190,113
 10  343,968,387             99.49%  1,750,896            0.51%  345,719,283  53.52%               133,036
 11  343,539,437             99.78%       754,455         0.22%  344,293,892  53.30%          1,558,427
 12        343,970,841       99.88%       412,025         0.12%  344,382,866  53.31%          1,469,453
 13  345,622,918             99.97%       119,086         0.03%  345,742,004  53.52%               110,315
 14  344,960,883             99.77%       810,532         0.23%  345,771,415  53.53%                 80,904
 15  342,529,271             99.17%  2,865,523            0.83%  345,394,794  53.47%               457,525

 

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)

 

 

21st May 2026

 

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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