REG - Rights and Issues IT - Result of AGM

Rights and Issues Investment TrustAnnouncement

27/03/2024 16:45

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RNS Number : 5745I  Rights and Issues Inv. Trust PLC  27 March 2024

RIGHTS AND ISSUES INVESTMENT TRUST PLC

("the Company")

LEI: 2138002AWAM93Z6BP574

RESULT OF ANNUAL GENERAL MEETING

Rights and Issues Investment Trust plc announces that at the Annual General
Meeting of the Company duly convened and held today, 27 March 2024, all
Resolutions put to shareholders were passed by a show of hands.

The full text of each resolution can be found in the Annual Report and
Accounts for the year ended 31 December 2023, which is available at
www.jupiteram.com/ uk/en/individual/rights-and-issues-investment-trust-plc

In accordance with listing rule 9.6.2 a copy of the resolutions has been
submitted to the National Storage Mechanism, and will shortly be available for
inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

Proxy votes received in favour of the resolutions were as follows:

                Votes for  %     Votes against  %     Votes withheld
 Resolution 1   1,345,099  99.4  8,144          0.6   0
 Resolution 2   996,314    73.8  353,127        26.2  3,802
 Resolution 3   1,345,516  99.4  7,727          0.6   0
 Resolution 4   1,256,751  92.9  96,492         7.1   0
 Resolution 5   1,004,746  74.3  348,217        25.7  280
 Resolution 6   1,227,017  90.7  126,226        9.3   0
 Resolution 7   1,328,824  98.2  24,419         1.8   0
 Resolution 8   1,344,849  99.4  7,977          0.6   417
 Resolution 9   1,345,099  99.4  8,144          0.6   0
 Resolution 10  1,335,803  98.9  15,200         1.1   2,240

 

Resolution 2, the approval of the Directors' Remuneration Policy, and
resolution 5, the re-election of Mr Simon Knott, received less than 80% of the
votes cast in favour. The Board understands that the vote against resolution 2
relates to the ex gratia payment made to Dr David Bramwell, the former
Chairman, in recognition of his long service with the Company and his
contribution as Chair.  The Board understands that the vote against
resolution 5 relates to concerns over Mr Knott's independence, having formerly
been the CEO of the Company, and his membership of the Audit, Risk and
Compliance and Remuneration and Nominations Committee.

The Board proposes to consult with shareholders to address any concerns that
have influenced their voting. A statement detailing the outcome of the
Company's consultation with its shareholders, including the views received
from shareholders and any actions taken as a result, will be published by the
Company by no later than 26 September 2024 in accordance with the UK Corporate
Governance Code and the AIC Code of Corporate Governance.

 

Details of the proxy voting will also shortly be available on the Company's
website at: www.jupiteram.com/
uk/en/individual/rights-and-issues-investment-trust-plc

 

For further information please contact:

Apex Fund Administration Services (UK) Limited

Email: cosec@maitlandgroup.com (mailto:cosec@maitlandgroup.com)

 

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.   END  RAGSESFMWELSEDD