REG - Witan Inv Tst PLC - Result of AGM

Witan Investment TrustAnnouncement

04/05/2023 17:00

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RNS Number : 4842Y  Witan Investment Trust PLC  04 May 2023

WITAN INVESTMENT TRUST PLC

 

4 MAY 2023

 

Annual General Meeting Held On THURSDAY 4 MAY 2023

 

Witan Investment Trust plc (the 'Company') hereby gives notification that, at
the Annual General Meeting of the Company held on Thursday, 4 May 2023, all
the resolutions, as set out in full in the notice of meeting dated 31 March
2023, 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 2022 be approved.

 

2.       That the directors be authorised to allot ordinary shares.

 

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 £3,303,146.

 

4.       That the Company be authorised to make market purchases of its
own ordinary shares up to a maximum of 99,028,329 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.

 

The resolutions were all passed on a show of hands.

 

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 shortly be available for viewing at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Suzy Neubert, non-executive director and Senior Independent Director, retired
from the Board at the conclusion of the Annual General Meeting.  Rachel
Beagles has been appointed as Senior Independent Director with immediate
effect.

 

 

The results of the proxy voting were as follows:

 

                                                                                                 Votes           Votes       Votes      Total votes cast

 Resol-ution     Description                                                                     For             Against     withheld   (excluding votes withheld)

 1               To receive the Annual Report for the year ended 31 December 2022                115,535,362     75,849      282,879    115,611,211

 2               To receive and approve the Directors' Remuneration Report for the year ended    100,378,634     14,670,866  844,590    115,049,500
                 31 December 2022, other than the part containing the Directors' Remuneration
                 Policy.
 3               To elect Ms S L Bevan as a director of the Company                              114,644,243     413,588     836,259    115,057,831

 4               To elect Dr S M Yogendra as a director of the Company                           114,423,655     646,668     823,767    115,070,323

 5               To re-elect Mr A J Ross as a director of the Company                            114,590,290     546,318     757,482    115,136,608

 6               To re-elect Mrs R A Beagles as a director of the Company                        114,592,888     594,033     707,169    115,186,921

 7               To re-elect Mr A L C Bell as a director of the Company                          114,526,903     664,610     702,577    115,191,513

 8               To re-elect Mrs G M Boyle as a director of the Company                          114,605,251     552,812     736,027    115,158,063

 9               To re-elect Mr J S Perry as a director of the Company                           114,006,741     1,140,313   739,311    115,147,054

 10              To re-elect Mr B C Rogoff as a director of the Company                          114,595,043     518,735     747,587    115,113,778

 11              To re-elect Mr P T Yates as a director of the Company                           101,314,568     13,822,495  757,027    115,137,063

 12              To re-appoint Grant Thornton UK LLP as Auditor of the Company                   114,523,805     766,559     603,726    115,290,364

 13              To authorise the Audit & Risk Committee to determine the remuneration of        115,168,707     362,417     362,966    115,531,124
                 the Auditor

 SPECIAL BUSINESS (*Special Resolutions)
 14              To approve the dividend policy of the Company                                   115,267,350     262,666     364,074    115,530,016

 15              To authorise the directors to allot ordinary shares                             114,479,162     645,842     769,086    115,125,004

 16              *To authorise the directors to allot equity securities for cash and to sell     114,258,390     914,323     721,377    115,172,713
                 shares held by the Company as treasury shares on a non pre-emptive basis

 17              *To authorise the Company to make market purchases of its own ordinary shares   107,163,013     8,163,179   567,898    115,326,192

 18              *To authorise the Company to make market purchases of its own preference        107,897,174     7,373,117   623,799    115,270,291
                 shares

 19              *That any general meeting of the Company other than the Annual General Meeting  114,451,759     1,001,659   440,672    115,453,418
                 may be called on not less than 14 clear days' notice

 

The number of ordinary shares of 5p each in issue as at 6.30 pm on Tuesday 2
May 2023, the closing date for the receipt of proxies, was 660,934,298
(excluding 339,420,702 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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