REG - Witan Inv Tst PLC - Result of Meetings

Witan Investment TrustAnnouncement

30/09/2024 14:00

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RNS Number : 2853G  Witan Investment Trust PLC  30 September 2024

30 September 2024

Witan Investment Trust plc

 

Legal Entity Identifier: 213800XMW68XFT6D1X59

Results of Ordinary Shareholders' Class Meeting and First General Meeting

In connection with the proposals for the combination of the assets of Witan
Investment Trust plc (the "Company") with Alliance Trust PLC ("ATST") (to be
renamed Alliance Witan PLC), by means of a scheme of reconstruction and
winding up of the Company under section 110 of the Insolvency Act 1986 (the
"Scheme"), the Board is pleased to announce that the Resolutions which were
put forward at the Ordinary Shareholders' Class Meeting and First General
Meeting held today and voted on a poll have been approved by Shareholders.

The poll results were as follows:

Ordinary Shareholders' Class Meeting

 Resolution                                                                     Votes for    %      Votes against  %     Total votes cast  % Issued Share Capital   Votes withheld
 1. To approve a variation of rights attached to the Ordinary Shares under the  101,111,842  99.23  785,122        0.77  101,896,964       17.15                    255,294
 Company's Articles of Association to enable the reclassification of the
 Ordinary Shares in order to give effect to elections made under the Scheme.

 

First General Meeting

 Resolution                                                                      Votes for    %      Votes against  %     Total votes cast  % Issued Share Capital   Votes withheld
 1. To approve the reclassification of the shares in the capital of the Company  109,758,026  99.18  912,501        0.82  110,670,527       18.63                    205,662
 as shares with "A" rights and shares with "B" rights and to approve changes
 required to the Company's articles of association.
 2. To approve the Scheme; further amend the Company's articles of association   109,714,232  99.16  927,229        0.84  110,641,461       18.62                    222,728
 in order to implement the Scheme; and to instruct the Liquidators to give
 effect to the Scheme.

 

These results will also be published on the Company's website:
www.witan.com/investor-information/alliance-witan
(http://www.witan.com/investor-information/alliance-witan)

For the purposes of section 341 of the Companies Act 2006, the votes validly
cast are expressed in the table above as a percentage of the Company's total
voting rights as at 6.30 p.m. on 26 September 2024 (594,096,060), being the
time at which a shareholder had to be registered in the Register of Members in
order to vote at the Ordinary Shareholders' Class Meeting and First General
Meeting. A vote "withheld" is not a vote in law and has not been counted as a
vote "for" or "against" a Resolution.

The number of Shares in issue at the date of this announcement is
1,000,355,000. There are 406,456,349 Shares held in treasury. Therefore, as at
the date of this announcement the number of voting rights in the Company are
593,898,651.

The full text of the Resolutions can be found in the notice of Ordinary
Shareholders' Class Meeting and First General Meeting contained in the
Company's circular to Shareholders dated 12 September 2024 (the "Circular").
The Circular is available for viewing at the National Storage Mechanism which
can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)  and on the
Company's website at www.witan.com/investor-information/alliance-witan
(http://www.witan.com/investor-information/alliance-witan)

The Ordinary Shares, 2.7% Cumulative Preference Shares and 3.4% Cumulative
Preference Shares will be disabled for settlement in CREST from 6:00 p.m. on
30 September 2024 and trading will be suspended from 7.30 a.m. on 1 October
2024. Following the reclassification of the Ordinary Shares on 3 October 2024,
the Reclassified Shares will be suspended from listing at 7.30 a.m. on 9
October 2024.

The cancellation of listing of Reclassified Shares, 2.7% Cumulative Preference
Shares and 3.4% Cumulative Preference Shares will occur on 10 October 2024.

Defined terms used in this announcement have the meanings given in the
Circular unless the context otherwise requires.

 For further information please contact:
 Witan Investment Trust plc  Via J.P. Morgan Cazenove
 Andrew Ross (Chair)
 J.P. Morgan Cazenove        +44 (0) 20 3493 8000
 William Simmonds

 Rupert Budge

 

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