REG - Witan Inv Tst PLC - Result of AGM

Witan Investment TrustAnnouncement

28/04/2021 13:40

RNS Number : 9263W
  
Witan Investment Trust PLC
  
28 April 2021
  
 

WITAN INVESTMENT TRUST PLC
 
28 APRIL 2021
 
Annual General Meeting Held On Wednesday 28 APRIL 2021
 
Witan Investment Trust plc (the 'Company') hereby gives notification that, at the Annual General Meeting of the Company held on Wednesday 28 April 2021, all the resolutions, as set out in full in the notice of meeting dated 26 March 2021, were duly passed on a poll.  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 2020 be approved.
 
2.       That the directors be authorised to allot relevant securities.
 
3.       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 £3,905,427.
 
4.       That the Company be authorised to make market purchases of its own ordinary shares up to a maximum of 117,084,724 ordinary shares, being 14.99% of the ordinary shares of 5 pence each in issue.
 
5.       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).
 
6.       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.
 
Tony Watson, non-executive director, retired from the Board at the conclusion of the Annual General Meeting.
 
The results of the poll were as follows:
 
 



 
Resol-ution
 


 
Description


Votes
For


Votes
Against


Votes
withheld


Total votes cast
(excluding votes withheld)




1    


To receive the Annual Report for the year ended 31 December 2020
 


 
 
192,600,275
 


 
 
988
 


 
 
124,479
 


 
 
192,601,263
 




2    


To receive and approve the Directors' Remuneration Report for the year ended 31 December 2020
 


 
 
 
184,541,404
 


 
 
 
4,843,952
 


 
 
 
3,340,386
 


 
 
 
189,385,356
 




3    


To elect Mrs R A Beagles as a director of the Company


 
191,885,734
 


315,465
 


524,543
 


192,201,199
 




4    


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


190,851,955
 


1,331,068
 


542,719
 


192,183,023
 




5    


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


190,913,080
 


1,209,597
 


603,065
 


192,122,677
 




6    


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


191,934,871
 


326,802
 


464,069
 


192,261,673
 




7    


To re-elect Ms S E G A Neubert as a director of the Company
 


189,980,548
 


2,249,231
 


495,963
 


192,229,779
 




8    


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


191,120,242
 


1,044,660
 


560,840
 


192,164,902
 




9    


To re-elect Mr B C Rogoff as a director of the Company
 


191,843,456
 


347,002
 


535,284
 


192,190,458
 




10  


To re-elect Mr P T Yates as a director of the Company
 


190,863,274
 


1,357,389
 


505,079
 


192,220,663
 




11  


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


191,156,826
 


1,028,247
 


540,669
 


192,185,073
 




12  


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


192,158,610
 


345,409
 


221,723
 


192,504,019
 




SPECIAL BUSINESS (*Special Resolutions)
















13  


To approve the dividend policy of the Company
 


192,476,819
 


57,053
 


157,475
 


192,533,872
 




14  


To authorise the directors to allot relevant securities
 


191,721,685
 


541,928
 


427,734
 


192,263,613
 




15  


*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
 


 
 
 
 
 
 
191,137,110
 


 
 
 
 
 
 
1,022,675
 


 
 
 
 
 
 
531,562
 


 
 
 
 
 
 
192,159,785
 




16  


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


191,806,044
 


549,550
 


335,753
 


192,355,594
 




17  


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


192,039,425
 


312,552
 


339,370
 


192,351,977
 




18  


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


190,074,910
 


2,365,407
 


251,030
 


192,440,317
 



 
The number of ordinary shares of 5p each in issue as at 6.30 pm on Monday 26 April 2021, the closing date for the receipt of proxies, was 781,535,551 (excluding 218,819,449 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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