REG - Rights and Issues IT - Result of AGM

Rights and Issues Investment TrustAnnouncement

25/03/2025 07:15

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RNS Number : 9620B  Rights and Issues Inv. Trust PLC  25 March 2025

 

 

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 on 24 March 2025, Resolutions 1
to 9 were passed on a poll. Resolution 10, the authority to buy back shares,
was withdrawn from the business of the meeting. Further information is
provided below

The full text of each resolution can be found in the Annual Report and
Accounts for the year ended 31 December 2024, which is available at
www.jupiteram.com/ uk/en/individual/rights-and-issues-investment-trust-plc.

The results of the poll were as follows:

               Votes for  %       Votes against  %      Votes withheld
 Resolution 1  2,210,981  99.96%  830            0.04%  122
 Resolution 2  2,204,839  99.73%  6,077          0.27%  1,017
 Resolution 3  2,209,251  99.96%  830            0.04%  1,852
 Resolution 4  1,890,727  98.22%  34,315         1.78%  286,891
 Resolution 5  2,069,482  93.66%  140,129        6.34%  2,322
 Resolution 6  1,858,480  96.54%  66,562         3.46%  286,891
 Resolution 7  1,890,305  98.20%  34,737         1.80%  286,891
 Resolution 8  2,207,325  99.80%  4,366          0.20%  242
 Resolution 9  2,208,270  99.92%  1,746          0.08%  1,917

 

In light of some opposition to Resolution 10, primarily from a single material
shareholder, the Board decided to withdraw the resolution from the business of
the meeting. The Board believes that the share buyback authority is
fundamental to the Company's discount management policy and notes that the
approval of the resolution was recommended by shareholder voting guidance
agencies. The Board therefore proposes to consult with shareholders to address
any concerns that have influenced their voting. Following these consultations,
a general meeting will be convened to seek shareholder approval of a new share
buyback authority.

The poll results 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-uk@apexgroup.com

 

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