Result of AGM

RNS Number : 8834F

Bankers Investment Trust PLC

25 February 2015

 



THE BANKERS INVESTMENT TRUST PLC

HENDERSON INVESTMENT FUNDS LIMITED

25 FEBRUARY 2015

THE BANKERS INVESTMENT TRUST PLC

Annual General Meeting held on

Wednesday 25 February 2015

The Bankers Investment Trust PLC announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed, four of which were special resolutions authorising:

-     the amendment of the articles of association by the deletion of article 182; 

-     that a general meeting may be called on not fewer than 14 clear days' notice;

-     that up to 10% of the share capital may be issued or sold  out of treasury  without first offering them to existing shareholders in accordance with statutory pre-emption procedures; and

-     the Company to make market purchases of its own ordinary shares up to a maximum of 14.99% (equivalent to 16,899,330 ordinary shares as at today's date) at the maximum price per share (exclusive of expenses) not exceeding the higher of:

i)          105% of the average middle market quotations for the five business days preceding the date of purchase;  and

ii)         the higher of the last independent bid and the highest current independent bid on the London Stock Exchange.

Shares repurchased will either be held in treasury or cancelled. 

As previously announced, the Company also confirms the appointment of Mr Julian Chillingworth to the Board today.  Mr Chillingworth has confirmed that he currently owns 1,620 ordinary shares in the Company.

Mr Richard Burns retired from the Board following the Annual General Meeting today. The Board wishes to thank Richard for his outstanding contribution as a director for the past nine years and latterly as Senior Independent Director. As a result of this retirement from the Board Ms Susan Inglis has assumed the role of Senior Independent Director. 

The full text of all the resolutions can be found in the Notice of Meeting, copies of which are available for viewing at www.Hemscott.com/nsm.doc.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

For further information please contact:

Alex Crooke	Sarah Gibbons-Cook
Fund Manager	Investor Relations and PR Manager
The Bankers Investment Trust PLC	Henderson Global Investors
Tel: [phone]	Tel: [phone]

 

END

 

 

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