REG - Witan Inv Tst PLC - Result of AGM

Witan Investment TrustAnnouncement

01/05/2024 17:15

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RNS Number : 8941M  Witan Investment Trust PLC  01 May 2024

WITAN INVESTMENT TRUST PLC

 

1 MAY 2024

 

Annual General Meeting Held On Wednesday 1 May 2024

 

Witan Investment Trust plc (the 'Company') hereby gives notification that, at
the Annual General Meeting of the Company held on Wednesday, 1 May 2024, all
the resolutions, as set out in full in the notice of meeting dated 2 April
2024, were duly passed.  The resolutions in respect of special business were
duly passed as follows:

 

1.       That the dividend policy of the Company 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 £3,042,188.

 

4.       That the Company be authorised to make market purchases of its
own ordinary shares up to a maximum of 91,204,814 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 resolutions
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) .

 

 

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 2023                112,919,913  80,377      94,319                      113,000,290

 2             To receive and approve the Directors' Remuneration Report for the year ended    101,335,964  11,009,854  729,241                     112,345,818
               31 December 2023, other than the part containing the Directors' Remuneration

               Policy
 3             To amend the Company's Remuneration Policy to provide for the deferred element  100,993,051  11,098,738  983,543                     112,091,789
               of any bonus awarded 1 January 2024 by reference to the net asset value total

               return of the Company's shares, subject to the existing provisions for malus
               and clawback

 4             To re-elect Mr A J Ross as a director of the Company                            109,134,470  3,242,979   717,160                     112,377,449

 5             To re-elect Mrs R A Beagles as a director of the Company                        111,946,229  713,742     434,638                     112,659,971

 6             To re-elect Mr A L C Bell as a director of the Company                          111,436,498  1,170,151   487,960                     112,606,649

 7             To re-elect Ms S L Bevan as a director of the Company                           111,641,517  759,425     693,667                     112,400,942

 8             To re-elect Mr J S Perry as a director of the Company                           111,956,566  664,609     473,434                     112,621,175

 9             To re-elect B C Rogoff as a director of the Company                             112,100,637  517,676     476,296                     112,618,313

 10            To re-elect P T Yates as a director of the Company                              98,016,361   14,583,087  495,161                     112,599,448

 11            To re-elect Dr S M Yogendra as a director of the Company                        104,201,580  567,728     8,326,301                   104,769,308

 12            To re-appoint Grant Thornton UK LLP as Auditor of the Company                   112,098,493  752,917     238,199                     112,851,410

 13            To authorise the Audit & Risk Committee to determine the remuneration of        112,544,517  326,870     224,222                     112,871,387
               the Auditor

 14            To approve the dividend policy of the Company                                   112,382,520  422,249     290,840                     112,804,769

 15            To authorise the directors to allot ordinary shares                             111,946,616  887,013               261,980           112,833,629

 16            *To authorise the directors to allot equity securities for cash and to sell     111,416,294  1,121,337   557,978                     112,537,631
               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   106,211,392  6,638,086   246,131                     112,849,478

 18            *To authorise the Company to make market purchases of its own preference        111,170,620  1,551,710   373,279                     112,722,330
               shares

 19            *That any general meeting of the Company other than the Annual General Meeting  111,236,489  1,655,217   203,903                     112,891,706
               may be called on not less than 14 clear days' notice

 

* Special Resolutions

 

The number of ordinary shares of 5p each in issue as at 6.30 pm on Monday 29
April 2024, the closing date for the receipt of proxies, was 608,702,720
(excluding 391,652,280 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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