REG - Monks Inv.Trust - Result of AGM

Monks Investment TrustAnnouncement

09/09/2025 15:00

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RNS Number : 6471Y  Monks Investment Trust PLC  09 September 2025

THE MONKS INVESTMENT TRUST PLC (MNKS)

Legal Entity Identifier: 213800MRI1JTUKG5AF64

Results of Annual General Meeting

At the Annual General Meeting ('AGM') held on 9 September 2025 shareholders
approved the following resolutions:

Ordinary Resolutions

1.   To receive and adopt the Financial Statements of the Company for the
year ended 30 April 2025 with the Reports of the Directors and of the
Independent Auditor thereon.

2.   To approve the Directors' Annual Report on Remuneration for the year
ended 30 April 2025.

3.   To declare a final dividend of 0.50p per ordinary share.

4.   To re-elect Ms CM Boyle as a Director.

5.   To re-elect Ms BJ Richards as a Director.

6.   To re-elect Professor Sir Nigel Shadbolt as a Director.

7.   To re-elect Mr RS Grewal as a Director.

8.   To re-elect Ms SL Parrinder-Johnson as a Director.

9.   To elect Mr DC Balance as a Director.

10. To reappoint Ernst & Young LLP as Independent Auditor of the Company
to hold office until the conclusion of the next Annual General Meeting at
which the Financial Statements are laid before the Company.

11. To authorise the Directors to determine the remuneration of the
Independent Auditor.

12. That, in substitution for any existing authority but without prejudice to
the exercise of any such authority prior to the date hereof, the Directors of
the Company be and they are hereby generally and unconditionally authorised in
accordance with section 551 of the Companies Act 2006 (the 'Act') to exercise
all the powers of the Company to allot shares in the Company and to grant
rights to subscribe for or to convert any security into shares in the Company
('Securities') provided that such authority shall be limited to the allotment
of shares and the grant of rights in respect of shares with an aggregate
nominal value of up to £924,878.33 (representing 10% of the Company's total
issued share capital as at 26 June 2025), such authority to expire at the
conclusion of the next Annual General Meeting of the Company after the passing
of this resolution or on the expiry of 15 months from the passing of this
resolution, whichever is the earlier, unless previously revoked, varied or
extended by the Company in a general meeting, save that the Company may at any
time prior to the expiry of this authority make an offer or enter into an
agreement which would or might require Securities to be allotted or granted
after the expiry of such authority and the Directors shall be entitled to
allot or grant Securities in pursuance of such an offer or agreement as if
such authority had not expired.

Special Resolutions

13. That, subject to the passing of resolution 12 above, and in substitution
for any existing power but without prejudice to the exercise of any such power
prior to the date hereof, the Directors of the Company be and they are hereby
generally empowered, pursuant to sections 570 and 573 of the Companies Act
2006 (the 'Act') to allot equity securities (within the meaning of section
560(1) of the Act) for cash either pursuant to the authority given by
resolution 13 above or by way of the sale of treasury shares wholly for cash
as if section 561(1) of the Act did not apply to any such allotment or sale,
provided that this power:

a)   expires at the conclusion of the next Annual General Meeting of the
Company after the passing of this resolution or on the expiry of 15 months
from the passing of this resolution, whichever is the earlier, save that the
Company may, before such expiry, make an offer or agreement which would or
might require equity securities to be allotted after such expiry and the
Directors may allot equity securities in pursuance of any such offer or
agreement as if the power conferred hereby had not expired; and

b)   shall be limited to the allotment of equity securities or the sale of
treasury shares up to an aggregate nominal value of £924,878.33, being
approximately 10% of the nominal value of the issued share capital of the
Company as at 26 June 2025.

14. That, in substitution for any existing authority, but without prejudice to
the exercise of any such authority prior to the date hereof, the Company be
and is hereby generally and unconditionally authorised, pursuant to and in
accordance with section 701 of the Companies Act 2006 (the 'Act'), to make
market purchases (within the meaning of section 693(4) of the Act) of fully
paid ordinary shares of 5p each in the capital of the Company ('Shares'),
(either for retention as treasury shares for future reissue, resale, transfer
or for cancellation) provided that:

a)   the maximum aggregate number of Shares hereby authorised to be
purchased is 27,727,852, or, if less, the number representing approximately
14.99% of the issued ordinary share capital of the Company as at the date of
the passing of this resolution;

b)   the minimum price (exclusive of expenses) which may be paid for each
Share is 5p;

c)   the maximum price (exclusive of expenses) which may be paid for a Share
shall be not more than the higher of: (i) 5 per cent above the average closing
price on the London Stock Exchange of a Share over the five business days
immediately preceding the date of purchase; and (ii) the higher of the price
of the last independent trade of, and the highest current independent bid for,
a Share on the London Stock Exchange; and

d)   unless previously varied, revoked or renewed by the Company in a
general meeting, the authority hereby conferred shall expire at the conclusion
of the Annual General Meeting of the Company to be held in respect of the year
ending 30 April 2025, save that the Company may, prior to such expiry, enter
into a contract to purchase Shares under such authority which will or may be
executed wholly or partly after the expiration of such authority and may make
a purchase of Shares pursuant to any such contract.

15. That the Articles of Association produced to the meeting and signed by the
chairman of the meeting for the purposes of identification be approved and
adopted as the Articles of Association of the Company in substitution for, and
to the exclusion of, the existing Articles of Association with effect from the
conclusion of the meeting.

Resolutions 1 to 15 were passed on a poll. A breakdown of the votes registered
is shown below:

 Resolution  Votes for (including votes at the discretion of the Chairman)  %       Votes Against  %      Votes Withheld
 Ordinary Resolutions
 1           53,719,957                                                     99.94%  30,759         0.06%  32,522
 2           53,426,508                                                     99.65%  188,282        0.35%  168,448
 3           53,708,737                                                     99.94%  34,508         0.06%  39,993
 4           52,607,823                                                     97.98%  1,084,152      2.02%  91,261
 5           52,598,354                                                     97.98%  1,086,350      2.02%  98,532
 6           52,624,307                                                     98.05%  1,046,672      1.95%  112,257
 7           52,646,700                                                     98.08%  1,030,264      1.92%  106,272
 8           52,620,194                                                     98.05%  1,048,126      1.95%  114,916
 9           53,582,716                                                     99.84%  85,771         0.16%  114,751
 10          53,647,249                                                     99.86%  74,439         0.14%  61,550
 11          53,688,880                                                     99.91%  50,560         0.09%  43,798
 12          53,672,799                                                     99.86%  76,042         0.14%  34,397
 Special Resolutions
 13          53,578,148                                                     99.73%  146,529        0.27%  58,561
 14          52,106,280                                                     96.94%  1,646,588      3.06%  30,370
 15          53,605,276                                                     99.88%  65,319         0.12%  112,643

 

 

 

Baillie Gifford & Co Limited

Company Secretaries

9 September 2025

 

Regulated Information Classification: Additional regulated information
required to be disclosed under applicable laws

 

 

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