Result of AGM

RNS Number : 8975Q

Bankers Investment Trust PLC

23 February 2023

 

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

THE BANKERS INVESTMENT TRUST PLC

LEGAL ENTITY IDENTIFIER: 213800B9YWXL3X1VMZ69

23 February 2023

THE BANKERS INVESTMENT TRUST PLC

Annual General Meeting of the Company

held on Thursday, 23 February 2023

The Bankers Investment Trust PLC announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a poll. This included the following resolutions:

As Ordinary Resolutions:

-  Resolution 13: to authorise the Directors to allot ordinary shares up to 10% of the issued ordinary share capital;

As Special Resolutions:

-  Resolution 14: to authorise the Directors to allot or to sell from treasury up to 10% of the issued ordinary share capital without first offering them to existing shareholders in accordance with statutory pre-emption procedures;

-  Resolution 15: to authorise the Company to make market purchases of the Company's ordinary shares up to 14.99% of its issued ordinary share capital; and

-  Resolution 16: to authorise that a General Meeting other than an Annual General Meeting may be held on not less than 14 clear days' notice.

The full text of the resolutions can be found in the circular to shareholders dated 18 January 2023 which can be viewed on the Company's website at: www.bankersinvestmenttrust.com

The poll results were as follows:

Resolutions	Number of Votes FOR (including at Chair's discretion)	% of votes FOR	Number of Votes AGAINST	% of votes AGAINST	Total votes cast	Votes cast (excluding votes withheld) as a percentage of total voting rights	Number of votes withheld
1 To receive the annual report and the audited financial statements for the year ended 31 October 2022	336,414,763	99.99%	20,077	0.01%	336,434,840	26.17	1,524,899
2 To approve the Directors' Remuneration Policy	332,771,533	99.48%	1,727,612	0.52%	334,499,145	26.02	3,460,594
3 To approve the Directors' Remuneration Report for the year ended 31 October 2022	333,332,048	99.58%	1,416,309	0.42%	334,748,357	26.04	3,211,382
4 To approve the final dividend of 0.60p per share	336,349,477	99.98%	57,470	0.02%	336,406,947	26.17	1,552,792
5 To re-appoint Simon Miller as a Director	322,603,416	96.03%	13,347,883	3.97%	335,951,299	26.13	2,008,440
6 To re-appoint Julian Chillingworth as a Director	328,251,336	97.72%	7,655,239	2.28%	335,906,575	26.13	2,053,164
7 To re-appoint Isobel Sharp as a Director	328,594,098	97.79%	7,418,869	2.21%	336,012,967	26.13	1,946,772
8 To re-appoint Richard West as a Director	328,447,989	97.79%	7,419,746	2.21%	335,867,735	26.12	2,092,004
9 To appoint Hannah Philp as a Director	334,755,698	99.81%	653,878	0.19%	335,409,576	26.09	2,550,163
10 To appoint Charlotte Valeur as a Director	334,865,041	99.83%	559,180	0.17%	335,424,221	26.09	2,535,518
11 To re-appoint Ernst & Young LLP as statutory Auditor	335,379,345	99.74%	864,124	0.26%	336,243,469	26.15	1,716,270
12 To authorise the Audit Committee to determine the Auditor's remuneration	335,890,474	99.92%	285,323	0.08%	336,175,797	26.15	1,783,942
13 To give Directors authority to allot ordinary shares	335,245,560	99.79%	714,843	0.21%	335,960,403	26.13	1,999,336
14 To give Directors authority to disapply pre-emption rights on allotment or sale of ordinary shares*	333,474,813	99.43%	1,920,813	0.57%	335,395,626	26.09	2,564,113
15 To give the Company authority to make market purchases of ordinary shares in the capital of the Company*	335,487,934	99.87%	431,025	0.13%	335,918,959	26.13	2,040,780
16 To approve that a general meeting may be called on not less than 14 clear days' notice*	333,173,469	99.16%	2,814,456	0.84%	335,987,925	26.13	1,971,814

* Special resolution.

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 the close of business on 21 February 2023, being the time at which a shareholder had to be registered in the register of members in order to vote at the Annual 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 ordinary shares in issue in the Company at the date of this announcement is 1,315,102,830.

A copy of the poll results will shortly be available on the Company's website at:

www.bankersinvestmenttrust.com

A copy of the special business resolutions will be submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

For further information please contact:

Alex Crooke

Fund Manager

The Bankers Investment Trust PLC

Telephone: [phone]

Dan Howe

Head of Investment Trusts

Janus Henderson Investors

Telephone: [phone]

Harriet Hall

Investment Trust PR Manager

Janus Henderson Investors

Telephone: [phone]

 

END

 

 

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