REG - Merchants Trust. - Result of AGM

Merchants TrustAnnouncement

20/05/2025 16:00

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RNS Number : 4628J  Merchants Trust PLC  20 May 2025

 

 

The Merchants Trust PLC (the Company)

 

LEI: 5299008VJFXCUD2EG312

 

Result of Annual General Meeting (AGM) held on 20 May 2025

 

At the AGM held on 20 May 2025 at 12 noon all resolutions proposed were passed
on a poll. The resolutions proposed at the AGM can be found in the Notice of
AGM which is available on the Company's website.

 

The following table indicates the number of votes cast on the poll at the
meeting, including those votes cast by proxy in advance of the meeting for
each resolution. It should be noted that votes withheld do not constitute
votes in law. The number of ordinary shares in issue with voting rights at the
date of the AGM was 148,324,887 ordinary shares and 1,178,000 cumulative
preference stock.

 

     Resolution                                                                  In favour & discretionary      Against           Withheld
                                                                                 Number of shares               Number of shares  Number of shares
 1   To receive the Directors' Report and the Financial Statements for the year   18,388,134                     60,847            21,737
     ended 31 January 2025
 2   To declare a final dividend of 7.3p per ordinary share                       18,370,668                     63,564            36,486
 3   To re-elect Colin Clark as a Director                                        18,203,142                     129,217           138,359
 4   To re-elect Karen McKellar as a Director                                     18,183,920                     161,765           125,033
 5   To re-elect Lisa Edgar as a Director                                         18,099,793                     160,053           210,872
 6   To re-elect Mal Patel as a Director                                          18,063,369                     195,344           212,005
 7   To receive the Directors' Remuneration Implementation Report                 17,889,885                     312,355           268,478
 8   To re-appoint BDO LLP as auditor                                             18,176,977                     178,943           114,798
 9   To authorise the Directors to determine the remuneration of the auditor      18,225,839                     120,901           123,978
 10  To renew the authority to allot ordinary shares                              18,155,517                     158,855           156,346
 11  To disapply pre-emption rights                                               18,102,737                     194,595           173,386
 12  To authorise the purchase of ordinary shares                                 18,087,713                     328,458           54,547

 

The above figures represent 12% of the issued share capital with voting
rights.

 

Directorate Change

 

At the AGM, Timon Drakesmith did not stand for re-election as a Director and
retired at the conclusion of the meeting.

 

For further information please contact:

 

Kelly Nice

Allianz Global Investors

020 3246 7000

 

END

 

 

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