REG - Smithson Inv.Trust - Result of AGM

Smithson Investment TrustAnnouncement

23/04/2025 16:30

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RNS Number : 9169F  Smithson Investment Trust PLC  23 April 2025

 

Smithson Investment Trust plc

 

Legal Entity Identifier: 52990070BDK2OKX5TH79

 

Results of AGM - 23 April 2025

 

Smithson Investment Trust plc (the "Company") is pleased to announce that all
the resolutions put forward at its Annual General Meeting held earlier today
were passed.

 

The text of all the resolutions is contained in the Notice of Annual General
Meeting published on the Company's website (www.smithson.co.uk).

 

The proxy votes received were as follows:-

 

      Resolution                                                                      In Favour / Discretionary     Against           Withheld

                                                                                      Votes          %              Votes      %      Votes
 1.   To receive and accept the Annual Report and Accounts for the year ended 31      41,443,539     99.98%         8,092      0.02%  11,296
      December 2024.
 2.   To approve the Directors' Remuneration Report.                                  40,987,664     98.95%         436,326    1.05%  38,937
 3.   To approve a final dividend of 0.58p per ordinary share in respect of the year  41,126,417     99.21%         326,294    0.79%  10,216
      ended 31 December 2024, to be paid on 2 May 2025.
 4.   To elect Mike Balfour as a Director of the Company.                             40,417,038     97.62%         983,293    2.38%  62,596
 6.   To re-elect Jeremy Attard-Manche as a Director of the Company.                  38,579,295     96.66%         1,333,071  3.34%  1,709,040
 7.   To re-elect Denise Hadgill as a Director of the Company.                        38,869,090     97.38%         1,045,102  2.62%  1,707,214
 8.   To re-appoint Deloitte LLP as auditor to the Company.                           41,190,787     99.11%         369,141    0.89%  61,478
 9.   To authorise the Directors to fix the remuneration of the auditor until the     41,087,522     99.16%         349,051    0.84%  26,354
      conclusion of the next AGM.
 10.  That the amendment to the Company's investment policy be approved.              41,202,659     99.07%         387,490    0.93%  31,257
 11.  To authorise the Directors to allot up to 10% of the issued ordinary share      41,146,126     98.91%         451,603    1.09%  23,677
      capital of the Company as at 3 March 2025.
 12.  In addition to 11, to authorise the Directors to allot up to 10% of the issued  41,140,844     98.90%         455,783    1.10%  24,779
      ordinary share capital as at 3 March 2025.
 13.  To disapply the pre-emption rights in relation to the allotment of shares       40,712,908     97.87%         884,960    2.13%  23,538
      under resolution 11.*
 14.  To disapply the pre-emption rights in relation to the allotment of shares       40,682,140     97.80%         914,665    2.20%  24,601
      under resolution 12. *
 15.  To authorise the Company to make market purchases of ordinary shares in the     40,083,285     96.71%         1,362,436  3.29%  17,206
      Company. *
 16.  To authorise the Directors to call general meetings (other than AGMs) on not    41,178,737     98.98%         423,772    1.02%  18,897
      less than 14 clear days' notice.*
 17.  That the Company continues in being as an investment trust.                     36,180,359     96.24%         1,413,870  3.76%  2,506,175

 

*Special resolution

 

On the 17 April 2025, the record date for voting at the meeting, the Company's
issued share capital consisted of 177,107,958 ordinary shares. There were
55,052,978 ordinary shares held in treasury. The total number of ordinary
shares with voting rights in the Company was 122,054,980.

 

Copies of all the resolutions passed, other than ordinary business, will be
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)

 

 

23 April 2025

 

Enquiries

Apex Listed Companies Services (UK) Limited

Company Secretary

 

t: +44 20 3994 7161

 

 

 

 

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