REG - Witan Inv Tst PLC - Result of AGM

Witan Investment TrustAnnouncement

29/04/2020 12:10

RNS Number : 3444L
  
Witan Investment Trust PLC
  
29 April 2020
  
 

WITAN INVESTMENT TRUST PLC
 
29 APRIL 2020
 
Annual General Meeting Held On Wednesday 29 APRIL 2020
 
Witan Investment Trust plc (the 'Company') hereby gives notification that, at the Annual General Meeting of the Company held on Wednesday 29 April 2020, all the resolutions, as set out in full in the notice of meeting dated 27 March 2020, were duly passed.  The resolutions in respect of special business were duly passed as follows:
 
1.       That the dividend policy of the Company as set out in the Annual Report for the year ended 31 December 2019 be approved.
 
2.       That the limit on directors' fees set out in Article 96(1) of the Company's Articles of Association be amended as provided for in the terms of said Article 96(1) from £350,000 to £450,000.
 
3.       That the directors be authorised to allot relevant securities.
 
4.       That the directors be authorised to disapply pre-emption rights on the allotment or sale from treasury of equity securities up to a nominal amount of £4,315,009.
 
5.       That the Company be authorised to make market purchases of its own ordinary shares up to a maximum of 129,363,989 ordinary shares, being 14.99% of the ordinary shares of 5 pence each in issue.
 
6.       That the Company be authorised to make market purchases of its own preference shares up to a maximum of 2,055,000 of the 3.4% cumulative preferences shares and 500,000 of the 2.7% cumulative preference shares (being 100% of the preference shares).
 
7.       That any general meeting of the Company (other than the Annual General Meeting) may be called on not less than 14 clear days' notice.
 
A copy of the full text of the resolutions in respect of special business passed at the Annual General Meeting will be lodged with the National Storage Mechanism and will be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
 



 
Resol-ution
 


 
Description


Votes
for


Votes
Against


Votes
at proxies'
discretion


Votes
withheld


Total votes cast
(excluding votes withheld)




1    


To receive the Annual Report for the year ended 31 December 2019
 


210,966,318
 


111,657
 


737,020
 


265,229
 


211,814,995
 




2    


To receive and approve the Directors' Remuneration Report for the year ended 31 December 2019
 


202,489,730
 


7,914,862
 


733,035
 


942,597
 


211,137,627
 




3    


To elect Mrs G M Boyle as a director of the Company
 


210,224,256
 


406,320
 


733,035
 


716,614
 


211,363,611
 




4    


To elect Mr A J S Ross as a director of the Company
 


204,670,467
 


5,958,330
 


733,035
 


718,392
 


211,361,832
 




5    


To re-elect Mr A L C Bell as a director of the Company
 


208,115,530
 


2,515,546
 


733,035
 


716,114
 


211,364,111
 




6    


To re-elect Mr J S Perry as a director of the Company
 


209,948,316
 


688,655
 


733,035
 


710,218
 


211,370,006
 




7    


To re-elect Mr A Watson as a director of the Company
 


165,932,904
 


44,746,563
 


733,035
 


667,723
 


211,412,502
 




8    


To re-appoint Grant Thornton UK LLP as Statutory Auditor to the Company
 


210,153,385
 


538,564
 


753,720
 


588,281
 


211,445,669
 




9    


To authorise the Audit Committee to determine the remuneration of the Statutory Auditor
 


210,085,948
 


241,092
 


1,224,620
 


528,565
 


211,551,660
 




SPECIAL BUSINESS (*Special Resolutions)




















10  


To approve the dividend policy of the Company
 


210,972,834
 


39,943
 


741,535
 


325,913
 


211,754,312
 




11  


That the limit on Directors' fees in the Articles of Association be amended to £450,000.
 


206,878,924
 


2,080,435
 


748,635
 


2,263,500
 


209,707,994
 




12  


To authorise the directors to allot relevant securities
 


209,997,365
 


708,552
 


744,485
 


629,823
 


211,450,402
 




13  


*To authorise the directors to allot equity securities for cash and to sell shares held by the Company as treasury shares on a non pre-emptive basis
 


209,182,760
 


1,014,211
 


1,206,885
 


676,369
 


211,403,856
 




14  


*To authorise the Company to make market purchases of its own ordinary shares
 


210,133,515
 


606,644
 


741,535
 


598,531
 


211,481,694
 




15  


*To authorise the Company to make market purchases of its own preference shares
 


210,292,067
 


415,592
 


741,535
 


607,266
 


211,449,194
 




16  


*That any general meeting of the Company other than the Annual General Meeting may be called on not less than 14 clear days' notice
 


205,464,426
 


5,350,338
 


741,535
 


523,926
 


211,556,299
 



 
The number of ordinary shares of 5p each in issue as at 6.30 pm on Monday 27 April 2020, the closing date for the receipt of proxies, was 863,008,266 (excluding 137,346,734 shares held in treasury).  Each share has one vote. A vote withheld is not counted towards the votes "For" or "Against" a resolution.
 
-  ENDS -
 
For further information please contact:
 
Andrew Bell
Chief Executive Officer
Witan Investment Trust plc
Telephone:  020 7227 9770
 


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